Shares of companies listed with BSE SME gained more than those migrated to main board

Mumbai, June 5 (KNN) The shares of companies that got listed in the SME exchange of BSE, which now has listing of 183 companies so far since August 2012, gained more than those that listed on the main exchange.

According to BSE data, 183 companies have listed so far on the BSE SME platform since August 2012, out of which 29 have migrated to main board while three have been suspended.

Last week, two companies – Ahmedabad based Yug Decor Limited and Bhakti Gems and Jewellery Limited – got listed with BSE SME. Today shares of Howrah, West Bengal based Aanchal Ispat Limited migrated to main board BSE.

According to a media report quoting BSE data, shares of companies that listed in the one year ending 2 June on the BSE SME have gained more than those that listed on the main exchange.

The S&P BSE SME IPO index gained 52.85% in the year ending 2 June while the BSE IPO index gained 40.22% and the BSE smallCap index rose 36.76%. During this period, the benchmark Sensex rose 16.50%.

BSE SME IPO index measures performance of SMEs listed via IPOs on the BSE SME platform for a period of one year. BSE IPO index tracks current primary market conditions in the Indian capital market and measures growth in investor wealth for one year after IPO. 

According to BSE data, 29 companies that have migrated to main board include Suyog Telematics Ltd, Kushal Tradelink Ltd, SRG Housing Finance Ltd, Jupiter Infomedia Ltd, Ashapura Intimates Fashion Ltd, Oceanaa Biotek Industries Ltd and Dhabriya Polywood Ltd, which have seen their market cap increasing 2,315.02%, 5,680.14%, 1,314.94%, 941.04%, 718.42%, 718.42% and 872.92% respectively since listing.

However, eight companies which have migrated to the main board have seen an erosion in market cap, including Bronze Infra Tech Ltd (91.78%) Anshu’s Clothing Ltd (88.35%) and VCU Data Management Ltd (60%).  

Since its launch in August 2012, BSE SME IPO is up a whopping 1,211.36%, while BSE IPO index jumped 192.23% and BSE Sensex gained 77.11%.