MUMBAI: The small and medium enterprises (SME) segment on the Bombay Stock Exchange, which was launched about two years back, has notched up a market capitalisation of Rs 10,000 crore.
The SME platform has 82 listed on it and about 16 more companies are in various stages of getting listed on it.
Besides helping the SME and MSME companies get access to credit, the SME platform is helping companies that seek and get listing, to improve their corporate governance, accounting systems and greater transparency both internally and externally for all their stakeholders and accordingly get better access and cheaper funds.
“India has a huge potential for SMEs and the success at BSE SME has opened up important avenues for high growth SME companies to raise funds for their growth from public,’’ said Ashishkumar Chauhan, managing director and chief executive officer of BSE. “This also proves that Indian investors are willing to invest in right companies, however small.’’
The success of BSE SME follows the main bourse crossing a market capitalisation of Rs 100 lakh crore last week. BSE has 5,530 companies listed on it, the most number of companies on any exchange in the world.
Asia’s oldest exchange is making attempts to catch up with the National Stock Exchange (NSE), which has notched up a bulk of the market share. BSE has strategic partners as Deutsche Bourse and Singapore Exchange.