Bengal Govt to help MSMEs get listed with stock exchange during Synergy MSME 2018
New Delhi, May 17 (KNN) The West Bengal Government is planning to organize Synergy MSME 2018 under which one of the key objective to is encourage the micro, small and medium enterprises (MSMEs) to list with the stock exchange.
The Synergy MSME 2018 will be held at the Biswa Bangla Convention Centre, Rajarhat in the month of September, 2018.
The Theme of this synergy is taking Bengal MSMEs to the next level.
One of the areas under the theme that has been identified is to encourage MSMEs for IPO – Stock exchange listing. State Government will select some suitable MSMEs and will assist and help those MSMEs for listing, industry body FOSMI said.
As of March 2018, the MSME sector in India comprises more than 63 million units.
The first and common challenge that SMEs face is the lack of access to appropriate capital, both from the banking sector and from capital markets.
SME listing platform was designed by regulators as a viable option for efficient rising of capital by the SMEs.
The SME platform is a regulated platform under the purview of SEBI. According to SEBI regulations, companies with post-issue paid up capital (face value) up to Rs.25 crore can raise funds and list on the SME Platform. Companies with post-issue paid up capital (face value) between Rs 10 crore and Rs.25 crore have the option of migrating to the main Board and vice versa.
NSE launched its SME platform EMERGE in 2012. Most SME entrepreneurs have very little awareness / understanding of capital market regulations and functioning and hence NSE engages with them throughout to navigate through the process.
The platform has witnessed a significant interest from the entrepreneurs and investors. The chart below indicates the growth of SME listings over the years.
Synergy MSME 2018 will help create awareness amongst MSMEs about the IPOs and help them access the capital through stock exchange. (KNN Bureau)