BSE SME has helped units gain credibility, access finance
Updated: Jul 30, 2014 04:12:14pm
Mumbai, Jul 30 (KNN) Heads of firms listed on the BSE SME platform vouch for the bourse, saying that it has not only helped them gain visibility but also reputation in the market and enhanced financial status.
“By listing our company on the BSE SME platform, we have gained greater credibility and it has enhanced our financial status,” said Captain Polyplast Limited CEO, Ramesh Kichadia.
The Rajkot based company which has raised Rs six crore as capital from the public, manufactures micro irrigation systems. With latest technology adopted from USA and Israel, the company markets drip irrigation systems, sprinkler irrigation and micro sprinklers to farmers across eight states.
Kichadia has said that being on the SME platform has helped them gain a good reputation in the market and also access finance from bankers at a good interest rate.
According to Kushal Tradelink Limited, there are many direct and indirect benefits to being listed on the BSE SME platform.
“It gives us economic benefits to raise funds without any fixed obligations. Further, it has given us the recognition that we require to expand our business globally,” said CMD of Kushal Tradelink Limited, Sandeep Agarwal.
The company which has more than 450 shareholders deals with industrial paper such as graphic paper, reflex board, imported waste paper, news print, etc.
“There are thousands of SMEs operating in India with sound business model and good governance. They contribute greatly to the Indian economy and the BSE SME platform can be instrumental in their success,” Agarwal said.
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.
Currently there are 63 firms listed on the bourse.
The BSE started the SME Platform in March 2012. In just over 2 years, 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. (KNN/ES)
“By listing our company on the BSE SME platform, we have gained greater credibility and it has enhanced our financial status,” said Captain Polyplast Limited CEO, Ramesh Kichadia.
The Rajkot based company which has raised Rs six crore as capital from the public, manufactures micro irrigation systems. With latest technology adopted from USA and Israel, the company markets drip irrigation systems, sprinkler irrigation and micro sprinklers to farmers across eight states.
Kichadia has said that being on the SME platform has helped them gain a good reputation in the market and also access finance from bankers at a good interest rate.
According to Kushal Tradelink Limited, there are many direct and indirect benefits to being listed on the BSE SME platform.
“It gives us economic benefits to raise funds without any fixed obligations. Further, it has given us the recognition that we require to expand our business globally,” said CMD of Kushal Tradelink Limited, Sandeep Agarwal.
The company which has more than 450 shareholders deals with industrial paper such as graphic paper, reflex board, imported waste paper, news print, etc.
“There are thousands of SMEs operating in India with sound business model and good governance. They contribute greatly to the Indian economy and the BSE SME platform can be instrumental in their success,” Agarwal said.
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.
Currently there are 63 firms listed on the bourse.
The BSE started the SME Platform in March 2012. In just over 2 years, 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. (KNN/ES)
Loading...
