BSE SME platform sees 30 IPOs in next 3-month

The 118 companies that are currently listed on BSE's SME platform, have raised a over Rs 867 crore

Leading stock exchange BSE today said it expects 30 initial public offerings on its small and medium-sized enterprises (SME) platform in next three months.

This is on top of 17 SMEs that already got listed in this year.

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"The IPO pipeline is good, which shows that confidence among the companies. We are expecting 30 SME IPOs in the next three months," BSE MD and CEO Ashishkumar Chauhan said here.

He was speaking on the sidelines of a seminar on 'Is the corporate sector over-regulated?', organised by an industry body here.

Listing will help these companies enter capital markets and finally to graduate on to the mainboard.

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

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 136 companies got listed on its SME segment and 18 of these firms have migrated to the main board platform.

Currently, there are 118 companies listed on the BSE's SME platform. This segment has helped these firms to raise a staggering over Rs 867 crore.