SMEs Raise Rs. 63 Crore Via IPOs In June Quarter | SupportBiz


SMEs Raise Rs. 63 Crore Via IPOs In June Quarter

Month-wise, the stock exchanges in the current fiscal year saw three IPOs each in May and June on the SME platform.

Mumbai: Six small and medium enterprises (SMEs) got listed on India's capital markets with public issues worth a total of Rs. 63 crore in the first three months of the ongoing financial year (2014-15).

In comparison, only three SMEs had launched their initial public offerings (IPO) and had raised a total of Rs. 25 crore through their public issues during April-June quarter 2013-14, as per the latest data available with market regulator Securities and Exchange Board of India (SEBI).

An amount of Rs. 39 crore was garnered through SME IPOs in May while Rs. 24 crore was raised in June. The SMEs which made their public debut during April-June period 2014-15 were: Bansal Roofing Products, Oasis Tradelink, Tarini International, Dhanuka Commercial, Gcm Capital Advisors and SPS Finquest.

SPS Finquest which hit the market in May had the highest issue-size for the quarter at Rs. 25 crore, followed by Tarini International that raised Rs. 16 crore through its IPO in June, Sebi data showed. Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) had launched the SME platforms in March 2012.

They are the only two bourses offering such a segment in the country. So far, BSE has 63 companies and NSE has five firms trading on their respective platforms for SMEs.