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BSE SME platform to see 100 IPOs in 2018

Press Trust of India  |  New Delhi 

Spurred by investor interest, as many as 100 small and medium enterprises (SME) are expected to list on the BSE's platform this year, a top of the bourse said today.

Last year, around 55 SME companies had tapped the IPO route and got listed on the exchange's platform.

"The is good, which shows the confidence among the companies. We are expecting around 100 SME IPOs in 2018," told

Moreover, as many as 22 companies have already secured BSE's approval, while another 19 firms are awaiting its go- ahead.

Funds raised through the issue will be used for business expansion plans, working capital requirements and other


These companies belong to a wide range of sectors, like logistics services, media, automotive components, pharma, infrastructure and hospitality, among others.

"Most of the companies that approached us are from and Maharashtra," he added.

Governance structures, improved credit rating, easy finances and branding are some of the key benefits for listing on SME platform.

BSE had launched SME platforms in March 2012 to provide opportunity to such firms to raise capital for growth and expansion. Since then a total of 224 companies got listed on its SME segment and 44 of these firms have migrated to the main board platform.

Currently, there are 180 companies listed on the BSE's SME platform. This segment has helped these firms to raise a staggering Rs 1,834 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 13:00 IST
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