Fund raising via BSE's SME platform crosses Rs 1,000-cr mark

The quantum of fund-raising through BSE's small and medium-sized enterprises (SME) platform has crossed Rs 1,000 crore mark and the listing of Bajaj Healthcare is lined up for tomorrow.
Prior to Bajaj Healthcare's IPO, 136 companies have raised Rs 973 crore through the SME segment.
Out of 136 firms, 18 firms have migrated to the main board platform and currently, there are 118 companies listed on the BSE's SME platform.
These firms belong to a wide range of sectors, like logistics services, media, automotive components, hospitality and infrastructure among others.
Bajaj Healthcare, which raised Rs 30 crore through an initial public offer (IPO), will list its shares tomorrow on the platform, as per information available with the BSE's SME segment.

The company's IPO opened for subscription on April 27 and closed on May 2.

With the IPO of Bajaj Healthcare, the total fund raising through the platform has reached Rs 1,003 crore.
Last week, BSE MD and CEO Ashishkumar Chauhan said that exchange expects 30 IPOs on its SME platform in the next three months.
BSE had launched SME platforms in March 2012 to provide opportunity to such firms to raise capital for growth and expansion.