More than 60 small and medium enterprises (SMEs) will bring their Initial Public Issues (IPOs) in a year to raise equity funds for their business needs.
SME Companies Money
People who are earning or want to earn through the stock market or IPO. There is good news for them. Why now the IPOs of 60 small companies are coming on the SME platform of BSE. In fact, most people have faith in big companies to earn from the stock market. But with the coming of SME platform on BSE, where small companies will be able to raise capital for themselves, it will also benefit investors.
More than 60 small and medium enterprises (SMEs) will bring their Initial Public Issues (IPOs) in a year to raise equity funds for their business needs. A top BSE official gave this information on Wednesday.
100 crore fund raised last year
BSE’s SME and startup head Ajay Thakur said that these companies will be listed on the SME platform of the exchange. Last year, only 16 SMEs raised Rs 100 crore through an IPO. Thakur said that during the pandemic, the exchange has organized around 150 webinars to make SMEs aware of equity financing and listing. He said that due to lack of awareness, small companies understand that compliance and level and cost increases after enlistment.
400 SMEs submit papers
Listing of SMEs enhances the identity of SMEs as well as building their brand. Apart from this, it improves their credit rating and gives them easy finance facilities and growth opportunities. BSE SME is the first SME platform on which 400 SMEs have submitted documents. Of these, 337 have already been listed. The remaining 63 SME units will be listed in a year’s time. He said that last year we had taken many steps, due to which a company was listed every month on our platform.
(With language input)
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