BSE sees SME boom on its platform post Rs 10k cr start-up fund

Tags: Stock Market
Stock exchange BSE has said the Rs 10,000- crore venture capital fund for start-ups and MSMEs announced in the Budget will help boost its SME platform as it expects more small companies to approach it to raise capital.

"We are looking at more and more SMEs to get listed on BSE SME Platform to raise funds and list themselves," BSE Managing Director and Chief Executive Ashishkumar Chauhan told PTI here on the sidelines of an ICSI event over the weekend.

At present, there are 61 SMEs listed on BSE's dedicated SME platform, which was launched in March, 2012. Of these, 20 are traded on the platform and their combined market capitalisation stood at Rs 7,448.25 crore as of July 11.

The BSE was the first bourse to launch a dedicated platform for SMEs and start-ups in March 2012 after the regulator Sebi allowed small companies 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.

This development came after the Budget 2012 had announced that start-ups and SMEs could get listed on the bourses without bringing IPO.

Consequently, capital markets regulator Sebi decided to permit the listing without IPO and trading of specified securities of SMEs, including start-up companies, on institutional trading platform on the exchanges.

Sebi notified new provisions and issued a detailed circular to facilitate such listings last October.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

New model for effective education

After interacting with students and teaching community on a ...

Rajgopal Nidamboor

Let the spirit of sport pervade everyday life

Sport, like meditation, is nothing short of a spiritual act. ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture