BSE expecting 25000 to 30000 SMEs in its SME platform in next two years: Ashish Chauhan

New Delhi, Mar 7 (KNN) The Bombay Stock Exchange (BSE) is expecting to gain 25000 to 30000 Small and Medium Enterprises (SMEs) in its SME platform in next two years, Managing Director & CEO, BSE Ltd., Ashish Kumar Chauhan has said.

Chauhan called upon the well established SMEs to come forward to list their entities with stock exchanges such as BSE's SME Platform to enhance their market valuation.

Speaking at a Seminar on Emerging Role of IPO Platform for SMEs organized by the PHD Chamber of Commerce and Industry here on Monday, Chauhan said that with acquiring listing entitlements, SMEs will not only increase their market valuation but also gain in advantages of lower interest rates for funding their operations including easier access to quality investors.

"Currently about 165 SMEs have obtained listing in BSE's SME platform and in next few weeks, another 20 companies are likely to be rolled in for listing.  We expect that out of thousands of SMEs, 25000 to 30000 SMEs have potential to gain in listing access in Bombay Stock Exchange SMEs platform in next two years, given its advantages," said Head-BSE SME, Ajay Thakur who also spoke on the occasion.

He explained that certain disclosure norms have to be abided by the prospective SMEs that wish to get listed as those would ensure transparency in listing to safeguard the interest of investors as well sustain their operations for time to come.

In his opening remarks, Sr. Vice President, PHD Chamber, Anil Khaitan assured the BSE that the PHD Chamber would persuade all its SMEs members to take a call for listing as it would strengthen their operations as well as perpetualize their existence in the market.