NSE Emerge Celebrates Milestone with 500th SME Listing

New Delhi, Jul 25 (KNN) In a landmark event for India's small and medium enterprise (SME) sector, the National Stock Exchange (NSE) welcomed its 500th listing on the NSE Emerge platform this Tuesday.

Prizor Viztech earned the distinction of being the 500th company to join the platform on July 22, 2024, marking a significant milestone in the exchange's efforts to foster growth in the MSME sector.

Sriram Krishnan, NSE's chief business development officer, emphasized the accelerating pace of listings. "What took over 5 years to reach 100 listings has now been achieved in just 6 months for the last 100 companies," Krishnan noted. "This rapid growth reflects the increasing confidence in India's MSME growth story."

The NSE Emerge platform has witnessed remarkable expansion since 2019. The market capitalisation of the SME Board has surged from Rs 12,500 crore to an impressive Rs 1,75,000 crore as of Tuesday.

This growth is complemented by a noticeable trend of SME issuers increasingly turning to public markets for fundraising.

Krishnan highlighted the substantial increase in the average size of initial public offerings (IPOs) on the platform. "We've seen the average IPO size nearly triple, jumping from Rs 13.44 crore in FY 2019-20 to Rs 37.57 crore in the current fiscal year to date," he said.

NSE Emerge has played a crucial role in unlocking value for SMEs by providing a credible avenue for capital raising. This platform has brought high-quality companies to the forefront, fuelling business growth, job creation, and overall capital formation in the country.

Currently, over 500 companies from diverse sectors are listed on NSE Emerge. Collectively, these firms have raised more than Rs 11,780 crore, with their combined market capitalisation reaching an impressive Rs 1,75,000 crore.

As India continues to focus on economic growth and development, the success of the NSE Emerge platform serves as a testament to the vitality and potential of the country's MSME sector.

The milestone achieved this week not only celebrates the platform's success but also underscores the critical role of SMEs in India's economic landscape.

(KNN Bureau)