Gradual improvement in SMEs: SEBI, Chairman

New Delhi, Dec 18 (KNN) Exchanges are doing relatively well in Small and Medium Enterprises (SME) platform, said Ajay Tyagi, Chairman, the Securities and Exchange Board of India (SEBI).

He said, “There has been a gradual improvement in SME platforms and issue sizes have also increased,” he said. 

He mentioned that almost 277 companies have already got listed on BSE SME platform till date, as per data available on BSE SME portal.

On the other hand, 161 companies were listed on NSE’s Emerge Platform till June 2018, Tyagi highlighted. 

The SEBI chief also said its 2015 regulations did not work well for start-ups keen on going public. 

Tyagi advised investment bankers to set prices of initial public offerings (IPO) at reasonable levels in order to help strengthen the primary market. 

IPOs not happening this year are a reason to worry, he said.

“SEBI is in talks with other regulators such as RBI for overseas listing of companies,” he said.