SME offerings make a comeback in CY2021, mop-up 3x over last year

Last year as investors preferred larger companies that were deemed more resilient amid Covid; Calendar 2018 was the best year for SME IPOs, with 141 offerings garnering Rs 2,287 cr

Collections from public share sales of small and medium enterprises (SMEs) have seen a resurgence this year after seeing a lull in CY20 in the aftermath of the pandemic.

SMEs have mopped up Rs 501 crore from 43 offerings this year, more than 3 times that were garnered last year from 27 offerings.

According to experts, the number of issuances dropped last year as investors preferred larger companies that were deemed to be more resilient amid the pandemic rather than risking their capital on smaller names.

Calendar 2018 was the best year for SME IPOs, with 141 offerings garnering Rs