BSE SME platform became first SME platform in India to receive 200 prospectus
Mumbai, February 15, 2017: Indian Small and Medium Enterprises (SME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the past few years. SMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural areas. With the Indian economy expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025, major impetus is being given to strengthen the backbone of our economy - the SME sector.
SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launched its SME platform on 13th March, 2012.
BSE SME is the largest and fastest growing SME Platform in India. It is the first SME Platform in India where 200 companies have filed their prospectus for getting listed as of date. Out of 200 companies 164 companies are already listed and have raised Rs 1282 crores from the market. Total market capitalization of 164 listed SME companies as on 15th February, 2017 is Rs 18,345 cr. Out of 164 companies listed on BSE SME platform, 23 companies have migrated to BSE main board over a period. BSE is the market leader in this segment with overwhelming market share in excess of 80 %.
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