New Delhi, Oct 23 (KNN) About 139 small and medium enterprise (SME) firms have garnered Rs 3,540 crore through initial share sales in 2023 so far. 

This is due to strong participation of family offices as well as high-net-worth individuals (HNIs), adequate market liquidity, and optimistic investor sentiment.

This was higher than the 109 companies that raised Rs 1,875 crore through IPOs in all of 2022, according to data provided by Prime Database.

Looking ahead, the fundraising environment for SME IPOs is anticipated to remain favourable, experts said. 

"The primary determinants include the growth potential of specific sectors, market liquidity levels, investor sentiment, and potential regulatory changes," Abhishek Jain, head of research at Arihant Capital Markets, told PTI.

(KNN Bureau)