656 crore raised by SMEs via IPO during April-September: Report

New Delhi, Oct 9 (KNN) The interest of the investors towards the Small and Medium Enterprises (SMEs) have grown in the recent times, a report by Pantomath Research revealed.

According to the statistics by Pantomath Research, around 58 Small and medium Enterprises (SME) got registered on capital markets with IPO worth 656 crore in April-September2017. This value is much higher than the 295 crore raised by 32 companies in the same period a year ago.

These SMEs belong to different sectors including finance, media and entertainment. Also SMEs from infrastructure, manufacturing, agriculture, food and processing have been at the focus of the investors.

The money raised has been used for business expansion and capital accumulation, according to the report.

The SME sector is the new trend on the capital market today and investors are optimistic about the growth and development of SME sector in the future, the report observed.

In 2012, BSE and NSE launched separate SME platform due to which many SMEs got listed on the exchanges.

The report observes that this upward trend in SME capital market is due of participation of qualified institutional buyers (QIBs) in the recent IPOs.  Also the special platforms started by the exchanges have been another factor adding to the increasing interest of the investors towards the SME sector.

So far over 203 companies are listed on the BSE SME portal with a market capitalization of over 17,439,60 crores. (KNN/AG)