New Delhi, Mar 9 (KNN) In March 2012, both BSE and NSE launched platforms for small enterprises aimed at entities looking to raise equity capital through venture funds, private equity and wealthy individuals.
 
While NSE has only six SMEs listed on its platform called Emerge, BSE has raced ahead with 82 companies, with a total market capitalisation of Rs 7,668.80 crores.
 
According to a recent data, as many as 30 small and medium enterprises got listed on the stock market, raising Rs 236 crore, between April-January of FY 2014-15. In comparison, only 26 SMEs had launched initial public offers (IPO) and had raised a total of Rs 257 crore, during the same period for the previous financial year.
 
These are companies from various sectors like trading, manufacturing, steel, textile and finance and are spread across the geography of India.
 
During the current fiscal, stock exchanges saw 12 IPOs in September on the SME platform, the highest for a month. The total funds garnered by these companies stood at Rs 90 crore. Four SMEs came out with IPO in November, while 3 IPOs each were seen in May, June and July. Some companies have even seen their share price jump more than four times since listing.

While this additional listing opportunity, allows smaller players to improve their visibility, broaden their investor base and improve their fund raising proficiencies, it also allows the unorganized sector scattered throughout India to become a regulated and organized sector. (KNN/VV)