India’s premier small and medium enterprises (SME) listing platform, the BSE SME platform has crossed the milestone of 600 listings. Overall money raised by these companies since inception stands at Rs 10,652 crores with an overall market capitalisation of Rs 1,84,574 crores. This listing falls in line with the overall objective of the exchange to present a vibrant ecosystem to all segments of the capital market including SMEs. Not only has the platform crossed the milestone but it has grown in strength to strength in recent years, raising more money with higher issue sizes.
In the period since January 2023 till date, the average issue size for SME IPOs on the platform have gone up to Rs 32 crores, versus Rs 11 crores in the period March 13, 2012, to December 31, 2022. Further, the funds raised too has gone up to Rs 6,109 crores in the period since January 2023 till date, versus Rs 4,544 crores in the period March 13, 2012, to December 31, 2022. These bigger and bolder moves by the SMEs on the platform is also getting reinforced by their movement to the mainboard, with nearly 1/3rd of the overall companies making that transition.
The SMEs listing on the platform also represents the economic opportunity present across the country. SMEs listed on the BSE SME platform have a pan-India presence as well as representation of various industries and segments of the country making it a holistic picture of the economic growth of the economy.
Reflecting on this remarkable journey, Sundararaman Ramamurthy, MD & CEO, BSE Ltd., said, “With over 7 crore SMEs, 30% share in GDP, 44% of share in exports and nearly 60% share in employment, MSMEs present an unparalleled economic opportunity to achieve Viksit Bharat by 2047. BSE SME platform not only underscores the immense trust entrepreneurs and investors place in us but also our commitment to supporting this ecosystem and fostering an environment where Indian entrepreneurs can thrive”. To aid the ecosystem, BSE SME platform recently launched a generative artificial intelligence (AI) tool to vet SME IPO documents before they can be formally filed with the exchange. Not only does this system improve the validation process of the document filing but also improves the efficacy and timelines in the listing process.
Radha Kirthivasan, Head of Listing & SME Platform, added, “Our steady and consistent growth along with the technological appendages that are being developed demonstrates the overall resolve of the exchange and platform to accelerate ambition of budding entrepreneurs. By leveraging digital tools, the platform aims to enhance this vibrant ecosystem, contributing to India’s socio-economic progress.”
About BSE: BSE is Asia’s oldest exchange and the world’s largest exchange in terms of the number of listed companies. BSE has been playing a prominent role in developing the Indian capital market and has successfully offered an efficient capital raising platform to many companies in India. The benchmark index of BSE, Sensex, is tracked by investors across the globe and is also considered as a barometer for the growth of Indian Economy. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, stock lending and borrowing.
