BSE Expects To List 100 Compaies On Its SME Platform By Dec | SupportBiz


BSE Expects To List 100 Compaies On Its SME Platform By Dec

According to the SME listing norms, a company would be eligible for listing if it has not completed 10 years after incorporation, and its revenue has not exceeded Rs 100 crore in any of the financial years.

Mumbai: Leading stock exchange BSE is hopeful of listing a total of 100 companies on its SME platform by December-end after launching the segment for small enterprises more than two years ago.

"Currently, 66 companies are listed on BSE's SME platform having an aggregate market capitalisation of nearly Rs 7,900 crore. These firms raised about Rs 550 crore through initial public offerings (IPOs). "Basically we've got a very good response on SME as in 2 years time we've now got 66 companies listed and in next two months 20-25 more companies will get listed so effectively we'll have 100 companies listed by this year end on the BSE SME platform itself," BSE Managing Director and CEO Ashish Kumar Chauhan said at the sidelines of an Assocham event.

Many good companies from areas like manufacturing, metals, information technology and others are coming to list on the BSE's SME platform, he said. In March 2012, BSE launched platforms for small and medium enterprises aimed at entities looking to raise equity capital after market regulator Sebi allowed such firms to get listed without an IPO. It launched an institutional trading platform for this in November 2013.

The NSE followed suit in September in the same year when its platform 'Emerge' went live. In addition, the company should have got an investment of at least Rs 50 lakh by an alternative investment fund, or a venture capital fund, or by a merchant banker, or an angel investor, or a specialised international multilateral agency, or a public financial institution, among other such investors.