Bombay Stock Exchange Seeks More SME Listings | SupportBiz


Bombay Stock Exchange Seeks More SME Listings

Tags: BSE
According to news reports by financial dailies, stock exchange BSE (Bombay Stock Exchange) expects to gain 25000 to 30000 Small and Medium Enterprises (SMEs) in its SME platform in next two years, as senior official said on Monday in New Delhi.

Managing Director & CEO, BSE, Ashish Kumar Chauhan on Monday called upon the well established SMEs to come forward to listing 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 in New Delhi on Monday, Chauhan argued 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 SMEs 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.