BSE SME gaining traction in style
DSIJ Intelligence / 11 May 2016
BSE SME on Tuesday crossed Rs. 1000 crores mark for the first time pertaining to equity raising. The Rs. 1000 crore mark was crossed due to Bajaj Healthcare being listed today on BSE SME.
BSE SME on Tuesday crossed Rs. 1000 crores mark for the first time pertaining to equity raising. The Rs. 1000 crore mark was crossed due to Bajaj Healthcare being listed today on BSE SME. Bajaj Healthcare becomes the 137 th company to be listed on BSE SME platform. Bajaj Healthcare has raised 31 crores through its listing on the BSE SME.
With increasing number of companies preferring to get listed on the BSE SME the market capitalisation of the listed entities is Rs. 9,237 crores , not far from Rs. 10,000 crores. This year alone 17 SME companies have already gotten themselves listed with 30 more SMEs expected to get listed in coming three months.
The SME companies listed on the BSE SME platform represent a wide range of sectors viz., logistics ,media, automotive components , infrastructure and hospitality.
Out of the total 137 companies that got listed, 18 SMEs have already migrated to the main board signalling the success of SME platform in meeting its objectives. The BSE SME platform was established in the year 2012 to provide an opportunity to small and medium sized firms to raise capital for growth and expansion.
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