33 Companies ready to launch their IPOs with BSE SME

Mumbai, June 18 (KNN) Around 33 Small and Medium Enterprises (SMEs) are ready to launch their initial public offerings or IPOs in coming months to fulfil their working capital requirements.

These companies will get listed on BSEs SME platform in coming months.

The exchange has already given go-ahead to 15 SMEs, while another 18 have filed their draft offer documents and are waiting for approval.

The listing will help them to build up their working capital and expansion of the company.

SMEs, which have lined up their IPOs include, Trine Entertainment, Monarch Apparels (India) Ltd, Shareway Securities, Octaware Technologies, Worth Infra Industries, AGI Hospitalities, Yash Chemex and Advance Syntex.

After launching of the BSEs SME platform since 2012, 139 companies have been listed with a total market capital of Rs 10,126.35 crore.

18 companies have migrated to the mainboard platform. Currently, there are 121 companies listed on the SME platform.

After meeting required norms, SMEs can seek migration from the SME Exchange to the main board. (KNN Bureau)