Has the BSE SME Platform Surpassed 600 Listings?

Synopsis
Key Takeaways
- The BSE SME platform has surpassed 600 listings.
- Total funds raised amount to Rs 10,652 crore.
- The average issue size for SME IPOs has risen significantly.
- Approximately one-third of listed SMEs are migrating to the mainboard.
- SMEs play a crucial role in driving India's economic growth.
Mumbai, Aug 5 (NationPress) - The BSE SME platform, which caters to India's small and medium enterprises, has successfully achieved the significant landmark of 600 listings, as reported by the Bombay Stock Exchange (BSE) on Tuesday.
The total funds raised by these companies since the platform's launch amount to Rs 10,652 crore, alongside a market capitalization of Rs 1,84,574 crore, according to the exchange.
The BSE noted, "The platform has not only reached this milestone but has also gained momentum, raising more funds with larger issue sizes in recent years."
From January 2023 to now, the average issue size for SME IPOs on the platform has risen to Rs 32 crore, compared to Rs 11 crore recorded between March 13, 2012, and December 31, 2022.
Additionally, the funds collected during the current period have increased to Rs 6,109 crore, as opposed to Rs 4,544 crore gathered from March 13, 2012, to December 31, 2022, the BSE indicated.
The robust activity by SMEs on the platform is further validated by their migration to the mainboard, with nearly one-third of the listed companies making this transition, as stated by the exchange.
SMEs listed on the platform illustrate the vast economic potential across the nation, showcasing a diverse representation of various sectors.
The BSE SME platform includes SMEs from multiple industries across India, offering a comprehensive view of the country's economic progress.
BSE Ltd's Managing Director and CEO, Sundararaman Ramamurthy, remarked, "With over 7 crore SMEs contributing to 30 percent of the GDP, 44 percent of exports, and approximately 60 percent of employment, MSMEs offer an unmatched economic opportunity to realize Viksit Bharat by 2047."
In its efforts to support the ecosystem, the BSE SME platform has recently introduced an innovative generative artificial intelligence (AI) tool designed to verify SME IPO documents prior to their official submission.
This system not only refines the document validation process but also enhances the efficiency and speed of the listing procedure.
The Head of Listing and the SME Platform at BSE, Radha Kirthivasan, stated, "Our consistent and steady growth, coupled with the technological advancements being introduced, reflects the commitment of the exchange and the platform to foster the aspirations of emerging entrepreneurs."