Cheers to small businesses in India! As many as 30 of these will be cash rich in 3 months

Here are some good news for small and medium enterprises (SMEs)! Leading stock exchange Bombay Stock Exchange (BSE) is expecting to have 30 initial public offerings (IPOs) on its SME platform in the next two-three months.

This is on top of 17 SMEs already got listed on capital markets with public issues worth Rs. 134 crore in the first five months (April-August) of the ongoing fiscal.

In addition, several companies had launched their initial public offerings (IPOs) last month.

Confirming the development, BSE MD and chief executive Ashish Kumar Chauhan said in an event that the total number of IPO issues on such platform is expected to be around 100 this fiscal.

These companies are from various sectors including trading, steel, manufacturing, textile and finance and are spread across the country.
In March 2012, BSE and the National Stock Exchange (NSE) had launched SME platforms, becoming the only two bourses to offer such a segment in the country.

BSE has about 110 companies listed on its SME platform, with a total market capitalisation of over Rs 7,733 crore. This platform has helped the listed SMEs to mobilise over Rs 832 crore.

The NSE has 30 companies trading on its SME platform. The platforms provide opportunity to entrepreneurs to raise equity capital for growth and expansion. It also provides immense opportunity for investors to identify and invest in good SMEs at an early stage.

(Image: Indiatimes)