Mumbai, May 7 (KNN) In sync with the overall declining markets, the number of declines was more than double the number of advances in trading on the BSE SME platform today, raising concern over the popularity of the platform despite investors receiving good returns in terms of market capitalisation. 

Today, out of the 57 listed firms, only 11 companies were traded which is less than one-fifth of the total number.

The number of companies which declined is more than the number of advances which stood at a meagre 3. With the total market capitalization of Rs 6,721.51 crore, there were 7 losers and e gainers today.

However, last month in a media release, BSE said, “As of date, additional 14 companies are in the process of listing on BSE SME Platform.”

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)