Market cap of BSE SME crosses Rs 7500 cr
Updated: Jun 25, 2014 03:58:44pm
Among the 13 gainers were BCP Limited (9.29 per cent), Anshus Clothing (8.33 per cent), VKJ Infra (4.96 per cent) and Ashupura Intimates (3.60 per cent).
Losers on the other hand included Jointeca Edu (-20 per cent), SRG Housing Fin (-7.85 per cent), Kavita Fabrics (-6.79 per cent) and RJ Biotech (-6.63 per cent), of the 11 in total, while 5 remained unchanged.
BSE which now has 60 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/ES)