BSE’s SME platform cuts down annual listing fee by 25%
Mumbai: May 18, 2020: In its endeavor to support the Small and Medium Enterprises (SMEs) - BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds, has decided to bring down its annual listing fee on the BSE SME platforms by 25%.
The revised listing fee structure will be applicable for the existing companies as well as for all the firms awaiting to be listed on the Exchange. The fee rebate has been declared post Hon’ble Finance Minister Nirmala Sitharaman’s several announcements to rescue the ailing micro, small, and medium enterprises of the country.
Commenting on the revised annual fee structure on BSE SME platform, Mr. Ajay Thakur, Head – BSE SME & Startups said, “Currently India is going through an unprecedented crisis caused by pandemic Covid 19. In these challenging times, it is our responsibility to support the SMEs which is the backbone of our economy. We hope that these measures along with the bold steps taken by the government will help in reviving the SMEs and also encourage thousands of SMEs to go for listing.”
Understanding the importance of SMEs and recognizing the sector as an important contributor to the economic growth and development, BSE decided to launch an SME platform. BSE became the first Exchange to launch BSE SME Platform in 2012 that helped SMEs raise funds through dilution of their equity. In these tough period too, BSE has helped 3 SMEs and 1 Startup list and raise money on BSE SME & Startups Platform. Overall, there are 322 companies listed on BSE SME Platform and 79 companies, which have migrated to the main board. The 322 companies have raised Rs. 3278.84 crores from the market and total market capitalization of these companies as on 17th May 2020 is 15,865.39 Crores. On BSE Startups platform, there are 5 firms listed that have raised Rs.19 Crores from the market and total market capitalization of these companies as on 17th May 2020 is 76.09 Crores.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
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