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.

EDITORIAL OF THE DAY

  • J Jayalalithaa’s death invites questions on the future course of Tamil Nadu politics

    The death of Tamil Nadu chief minister J Jayalalilthaa, an all-powerful regional leader who has left behind no successor who can even remotely match h

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Cut & Thrust:</b> At the cost of human life

Can we put a cost to human life? The incident ...

Urs Schoettli

japan’s trump card

Like most, the Japanese, too, were surprised by the election ...

Rajgopal Nidamboor

Soul consciousness and reason

The soul, in the philosophical writings of ancient Greece, has ...