BSE sees 30 SME IPOs in next 2-3 months, 100 in FY16

Thursday, Oct 15, 2015,16:54 IST By metrovaartha A A A

New Delhi | Leading stock exchange BSE today said it expects 30 initial public offerings on its small- and medium-sized enterprises (SME) platform in the next two-three months and hopes to touch the 100-mark in the current fiscal. This is on top of 24 SMEs that already got listed on capital markets with public issues worth Rs 151 crore in the ongoing fiscal so far.
Of this, four companies alone got listed on the SME platform last month.
We expect about 30 companies that will get listed on SME platform in the next two-three months and the total number of IPO issues on such platform is expected to be around 100 this fiscal, BSE MD and CEO Ashishkumar Chauhan said on the sidelines of a function on ‘financial inclusion’ organised by Dun & Bradstreet.
These companies are from various sectors, including trading, steel, manufacturing, textile and finance and are spread across the country. BSE and NSE had launched SME platforms in March 2012, becoming the only two bourses to offer such a provision in the country. BSE has about 110 companies listed on its SME platform, with a total market capitalisation of over Rs 7,733 crore. This platform has helped listed SMEs mobilise over Rs 832 crore.
Speaking on the financial inclusion, Chauhan said: For financial inclusion, the intermediation (banking) and disintermediation (stock markets) systems both will have to work hand in hand to provide financial inclusion to society.
He added: Both the systems will have to reach out to the last village and last person in India to bring him or her to the mainstream.