BSE chief hopeful of listing 100 companies on BSE SME exchange by Dec
Updated: Sep 20, 2014 01:29:56pm
New Delhi, Sept 20 (KNN) Taking into account the good response by small and medium enterprises on the BSE SME exchange during the last two years, BSE Managing Director and CEO Ashish Kumar Chauhan is hopeful of listing a total of 100 companies in the next two months.
He said this in his address at the ASSOCHAM conference here yesterday.
On SME sector being allowed by the Government to be brought on to the BSE platform, Chauhan said, “Basically we’ve got a very good response on SME as in 2 years’ time we've now got 66 companies listed and in next two months 20-25 more companies will get listed so effectively we'll have 100 companies listed by this year end on the BSE SME platform itself.”
He informed that many good companies from areas like manufacturing, metals, information technology and others are coming to list on the BSE’s SME platform.
BSE which now has 66 companies listed on its SME dedicated platform has crossed the mark of USD 1 million recently within 2 years of its commencement, while several others are waiting to get listed.
BSE commenced the SME platform on March 2012 and in over two- year period, BSE has achieved more than 90 per cent market share helping Indian SMEs create a market capitalisation of more than USD 1 billion. Average IPO size on BSE SME is close to Rs 9 crore per issue.
BSE SME Platform offers an entrepreneur an investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector. (KNN/SD)
He said this in his address at the ASSOCHAM conference here yesterday.
On SME sector being allowed by the Government to be brought on to the BSE platform, Chauhan said, “Basically we’ve got a very good response on SME as in 2 years’ time we've now got 66 companies listed and in next two months 20-25 more companies will get listed so effectively we'll have 100 companies listed by this year end on the BSE SME platform itself.”
He informed that many good companies from areas like manufacturing, metals, information technology and others are coming to list on the BSE’s SME platform.
BSE which now has 66 companies listed on its SME dedicated platform has crossed the mark of USD 1 million recently within 2 years of its commencement, while several others are waiting to get listed.
BSE commenced the SME platform on March 2012 and in over two- year period, BSE has achieved more than 90 per cent market share helping Indian SMEs create a market capitalisation of more than USD 1 billion. Average IPO size on BSE SME is close to Rs 9 crore per issue.
BSE SME Platform offers an entrepreneur an investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector. (KNN/SD)
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