NSE expects 8-10 listings on its new platform by March-end

The exchange had launched the new platform last year to provide an opportunity to SMEs and start-ups to list without an IPO

The National Stock Exchange (NSE) expects at least 8-10 companies to list their stocks on the new Emerge ITP platform by the end of March this year, said Ravi Varanasi, chief (business development), NSE, here today.

The exchange had launched the new platform last year to provide an opportunity to SMEs and start-ups to list without an initial public offering (IPO).

NSE held a week-long investor awareness programme in Bangalore to help people learn about the basics of stock market, financial planning and safe investing, and to encourage them to participate in the country’s capital market.

The initiative will conclude with an investor run or ‘Investothon’ on Sunday, he told reporters.

The Emerge ITP platform connects growing businesses to a pool of sophisticated investors while offering a variety of investment opportunities to the investors. It will bring together SMEs and risk investors on the same platform to create a more active market for channelling funds to start ups, he said.

“NSE has been conducting investor awareness initiatives to grow the investor base and instill financial discipline in the youth,” Varanasi said.

Bangalore’s first-ever Investothon was flagged off today. Investothon, started in 2011 by NSE, is a run organised to bring the investing community together and encourage them to promote best practices in investing and build a healthy financial market, he added.

Till now, NSE has held 25 investor runs in many cities including Pune, Bhubaneshwar, Chennai, Kochi, Ahmedabad, Rajkot, Indore and Vadodara.