Only one in three cos listed on BSE-SME traded
Updated: Apr 26, 2014 01:03:25pm
Mumbai, Apr 26 (KNN) Only one-third of the companies listed on the BSE-SME platform are actively traded , although the market capitalisation of the firms on the platform is in the range of Rs 7,000 crore, rising fast in the recent past.
Currently, there are 57 companies listed on the BSE SME platform of which around 19 are actively traded such as HPC Biosciences, Channel Nine, Esteem Bio, Sunstar Realty, RCL Retail and Women’s Next.
In trading on April-25, there were 12 gainers and 7 losers.
Among the gainers were GCM Securities, R&B Denims, Amrapali Cap, Bronze Infra and Tiger Logs. Losers included Sunstar Realty, Bothra Metals, Agrimony Com and Unishire.
BSE SME platform had crossed the mark of USD 1 million last month within 2 years of its commencement, and it now has an additional 14 companies in the process of listing on the platform in the next one month.
Recently, Haryana based Women's Next Loungeries Limited and R&B Denims came out with a public issue on the platform.
Some of the companies lined up to be listed on the platform are Dhanuka Commercial Limited, Sirohia & Sons Limited and Starlit Power Systems Limited.
Average market capitalisation per company works out to be more than Rs 100 crore, which is similar to main Board companies on BSE, a release by BSE has said.
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)
Currently, there are 57 companies listed on the BSE SME platform of which around 19 are actively traded such as HPC Biosciences, Channel Nine, Esteem Bio, Sunstar Realty, RCL Retail and Women’s Next.
In trading on April-25, there were 12 gainers and 7 losers.
Among the gainers were GCM Securities, R&B Denims, Amrapali Cap, Bronze Infra and Tiger Logs. Losers included Sunstar Realty, Bothra Metals, Agrimony Com and Unishire.
BSE SME platform had crossed the mark of USD 1 million last month within 2 years of its commencement, and it now has an additional 14 companies in the process of listing on the platform in the next one month.
Recently, Haryana based Women's Next Loungeries Limited and R&B Denims came out with a public issue on the platform.
Some of the companies lined up to be listed on the platform are Dhanuka Commercial Limited, Sirohia & Sons Limited and Starlit Power Systems Limited.
Average market capitalisation per company works out to be more than Rs 100 crore, which is similar to main Board companies on BSE, a release by BSE has said.
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)
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