Mumbai, May 15 (KNN) Ahead of the general elections results tomorrow, the SME exchange of BSE has traded in red today with the market capitalization coming down by 2.20 per cent to Rs 6,540.97 crore.

Although there were more number of active traders today, the number of declines was more than the number of advances.

With 23 out of 57 companies trading actively today, there were 12 losers, 7 gainers and 4 unchanged.

Ahmedabad based Real Estate Development Company, Bandheri Infracon Limited, has filed its DRPH documents to list on the BSE SME platform.

Meanwhile, the rupee has risen to a 10 month high of 59.45 per dollar, its highest since July 29.

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.  

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/SD)