Page 35 - Sme Ipos

In big jump, SMEs raise Rs 8.25 billion through IPOs in April-June quarter

Average issue size also increased to over Rs 170 million during the period under review from Rs 130 mn in the first quarter of the preceding financial year (2017-18)

Fundraising through SME IPOs hits all-time high, rises Rs 134.2 mn in 2017

The SME platform witnessed 133 offerings, mopping up Rs 16,795 million last year

SMEs garner record Rs 656-cr via IPOs in Apr-Sep FY18

Spurred by investors' interest, as many as 58 small and medium enterprises (SMEs) got listed on capital markets with IPOs worth record Rs 656 crore in April- September 2017 and many are lined up for the coming months. Besides, more than 18 companies have already announced their issue opening dates, merchant banker Pantomath Group Managing Director Mahavir Lunawat said. Companies from various sectors such as finance, media and entertainment, infrastructure, manufacturing, agriculture, food and processing and IT & IT-enabled services made their way to the IPO space during the period under view. The SME capital market has been witnessing participation from a wider class of investors and the trend is expected to continue. According to a data compiled by Pantomath Research, 58 SMEs garnered Rs 656 crore through their respective initial public offers (IPOs) in April-September period of the current fiscal, much higher than Rs 295 crore raised by 32 companies in the year-ago

SMEs raise Rs 514 crore on exchanges this year

Last year, 66 SMEs had raised Rs 540 crore through IPOs

SME IPOs raises Rs 811 crore in FY17

Huge fund-raising can be attributed to reforms and initiatives taken by govt to encourage SME sector