Fund raising on BSE SME crosses Rs 1k-mark

Image via Shutterstock

Capital raising on the four-year-old BSE SME platform has crossed Rs 1,000, the exchange stated.

The latest BSE company to list on the platform is Bajaj Healthcare.The company had listed on the platform on Monday, after its Rs 31-crore initial public offering.

Bajaj Healthcare is the 137th company to list on the BSE SME, which was launched in March 2012. The total market capitalisation of companies listed on the BSE SME platform is around Rs 9,237 crore.

BSE had said last week that it expected 30 initial public offerings on its SME platform during next three months, over and above the 17 SMEs that already got listed in this year.

These companies belong to a wide range of sectors, like logistics services, media, automotive components, infrastructure and hospitality, among others.

The BSE SME platform provides an opportunity to small firms to raise capital for growth and expansion. Since inception in 2012, a total of 137 companies got themselves listed on this segment and 18 of these migrated to the main board platform.

Currently, there are 119 companies listed on the SME platform.

 

 


Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel