Thousands of SMEs eligible for raising capital through EMERGE; says NSE chief
Updated: Apr 28, 2014 02:46:29pm
Mumbai, April 28 (KNN) There are thousands of SMEs in the country that meet the listing criteria on the SME platform, but only a few hundreds would actually list, Managing Director & CEO of NSE, Chitra Ramkrishna has said.
In an interview to the Hindu Business Line, Ramkrishna said that since the launch of Emerge, SME platform of the National Stock Exchange (NSE), in September 2012, five companies have got listed on the SME exchange.
The NSE chief pointed out that there has been no study on this issue. “In the two years the exchange was engaged in analysing the potential of the SME sector for listing, there were at least a few thousand companies that were “ripe, ready, profitable” and could “come to the market”, she said.
This could be for raising additional capital, for brand endorsement, and higher visibility that a listing provides them which would be useful for wooing international investors.
She also spoke about the Emerge-ITP launched in March, which is an Institutional Trading Platform that enables the venture capitalist or angel investor or promoter make a block deal, bypassing IPO.
It offers opportunities to informed investors to invest in emerging businesses with exciting growth plans, innovative business models and commitment towards good governance and investor interest.
“For a more vibrant SME platform, a pick-up in overall IPO market and a solution to these two issues of market-making and ticket size could do the trick,” she said adding that lot size was an issue with the SMEs. (KNN Bureau)
In an interview to the Hindu Business Line, Ramkrishna said that since the launch of Emerge, SME platform of the National Stock Exchange (NSE), in September 2012, five companies have got listed on the SME exchange.
The NSE chief pointed out that there has been no study on this issue. “In the two years the exchange was engaged in analysing the potential of the SME sector for listing, there were at least a few thousand companies that were “ripe, ready, profitable” and could “come to the market”, she said.
This could be for raising additional capital, for brand endorsement, and higher visibility that a listing provides them which would be useful for wooing international investors.
She also spoke about the Emerge-ITP launched in March, which is an Institutional Trading Platform that enables the venture capitalist or angel investor or promoter make a block deal, bypassing IPO.
It offers opportunities to informed investors to invest in emerging businesses with exciting growth plans, innovative business models and commitment towards good governance and investor interest.
“For a more vibrant SME platform, a pick-up in overall IPO market and a solution to these two issues of market-making and ticket size could do the trick,” she said adding that lot size was an issue with the SMEs. (KNN Bureau)
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