SMEs raise 32% more in FY14 via IPOs
Updated: May 21, 2014 01:00:00pm
Mumbai, May 21 (KNN) The public issues garnered by small and medium enterprises on the SME platforms of BSE and NSE was 32.63 per cent more in the financial year 2013-14 as compared to the previous year, with around 37 companies getting listed in 2013-14 as compared to 24 in 2012-13.
As many as 37 small and medium enterprises (SMEs) got listed on Indian bourses in 2013-14, with public issues worth Rs 317 crore. It was 32.63 per cent more than Rs 239 crore garnered by 24 companies on the SME platform of the stock exchanges in 2012-13, as per the latest data in the SEBI (Securities Exchange Board of India) bulletin.
As many as five initial public offerings were made in the months of August, September, October and March, on the SME platform.
Anisha Impex, Shri Krishna Prasadam, Oceanaa Biotek Industries, R&B Denims and Women’s Next Loungeries made public debut on the SME segment in March.
The issues of these firms amounted to a total of Rs 21 crore. February saw the highest number of 6 IPOs on the SME platform raising Rs 38.7 crore.
In terms of value, initial public offer of five companies amounting to Rs 84 crore in October was the highest amount recorded for a month last fiscal. Leading bourses BSE and the NSE had launched the SME platforms in March 2012, the only two bourses with such a segment in the country.
The BSE SME has 57, and the NSEs Emerge has five firms listed with them. (KNN/SD)
As many as 37 small and medium enterprises (SMEs) got listed on Indian bourses in 2013-14, with public issues worth Rs 317 crore. It was 32.63 per cent more than Rs 239 crore garnered by 24 companies on the SME platform of the stock exchanges in 2012-13, as per the latest data in the SEBI (Securities Exchange Board of India) bulletin.
As many as five initial public offerings were made in the months of August, September, October and March, on the SME platform.
Anisha Impex, Shri Krishna Prasadam, Oceanaa Biotek Industries, R&B Denims and Women’s Next Loungeries made public debut on the SME segment in March.
The issues of these firms amounted to a total of Rs 21 crore. February saw the highest number of 6 IPOs on the SME platform raising Rs 38.7 crore.
In terms of value, initial public offer of five companies amounting to Rs 84 crore in October was the highest amount recorded for a month last fiscal. Leading bourses BSE and the NSE had launched the SME platforms in March 2012, the only two bourses with such a segment in the country.
The BSE SME has 57, and the NSEs Emerge has five firms listed with them. (KNN/SD)
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