Around 360 Firms Transition from NSE, BSE SME Platforms to Mainboard: New Findings
Synopsis
A recent report reveals that nearly 360 companies have successfully migrated from the SME platforms of NSE and BSE to the mainboard. This transition reflects the evolving landscape of India’s small and medium enterprises and offers insights into the benefits of such moves.
Key Takeaways
Almost 360 companies migrated to the mainboard.
199 companies transitioned from BSE and 158 from NSE SME platforms.
Migration provides better access to investors.
Textile sector leads with the most migrations.
Significant growth in SME fundraising observed.
New Delhi, Feb 28 (NationPress) Almost 360 companies have transitioned from the SME platforms of the NSE and BSE to the mainboard exchanges, showcasing the increasing maturity of India’s small and medium enterprises, according to a recent report released on Saturday.
The report compiled by B2K Analytics indicates that 199 companies from the BSE SME platform and 158 companies from the NSE Emerge platform have successfully made the switch to the mainboards.
This migration signifies the process whereby a company transfers its securities from the SME exchange to the mainboard of the stock exchanges, thereby gaining access to a broader pool of investors and enhanced market visibility.
Ritaban Basu, CEO of B2K Analytics, emphasized that one of the primary benefits of migrating to the mainboard is the improved access to capital from both retail and institutional investors.
“Not only does this allow access to a larger capital pool, but the elevated reputation also facilitates access to superior talent. Furthermore, compliance with stricter regulations enhances valuations, and the liquidity from being listed on the mainboard provides investors with a more straightforward exit from their investments,” Basu elaborated.
In order to qualify for migration, companies listed on SME platforms must satisfy specific criteria related to market capitalisation, profitability, shareholding structure, and compliance standards.
For instance, a company is required to maintain an average market capitalisation exceeding Rs 100 crore and an operating profit of over Rs 15 crore for three consecutive years, without dipping below Rs 10 crore in any year.
Additionally, it must have been operational in the same sector for at least three years, with more than half of its revenue derived from its core business activities, as stated in the report.
From a sectoral perspective, the textile industry has witnessed the highest number of migrations, with 44 firms transitioning to the mainboard.
This is followed by the machinery, equipment, and components sector, with 33 companies, and the food and tobacco sector, which has 29 companies migrating, according to the report.
The report also highlighted a consistent increase in SME listings and fundraising since 2023. In 2023, 179 companies raised Rs 4,823 crore, while 268 companies managed to raise Rs 12,105 crore in 2025, effectively more than doubling the capital raised over a span of just two years.
Point of View
This significant migration of nearly 360 companies from SME platforms to the mainboard illustrates the evolving landscape of India's economic framework. It highlights the resilience and growth potential of SMEs, which are crucial for the country's development.
NationPress
12 May 2026
Frequently Asked Questions
What does migration from SME platforms to the mainboard involve?
Migration refers to the transfer of a company's securities from SME exchanges to the mainboard, granting access to a larger pool of investors and improved market visibility.
What benefits do companies gain by migrating to the mainboard?
Companies gain enhanced access to capital, improved reputation, better talent acquisition, and liquidity for investors.
What criteria must a company meet to migrate?
Companies must meet criteria including market capitalisation over Rs 100 crore, operating profit exceeding Rs 15 crore for three years, and compliance with shareholding and business activity standards.
Which sectors have seen the most migrations?
The textile sector has recorded the most migrations, followed by machinery and equipment, and food and tobacco sectors.
How has SME fundraising evolved recently?
There has been a steady increase in SME listings and fundraising, with substantial amounts raised in recent years.
