Asia's oldest stock exchange BSE has recorded a milestone with the listing of five more companies on its SME platform taking its total tally on the platform to date to cross the 100 level mark, according to a press release.
The five SMEs that listed on BSE SME, a platform for small sized firms to go public, are Gala Print City Ltd, M.D. Inducto Cast Ltd, Loyal Equipments Pvt Ltd, Jiya Eco Products Ltd and Majestic Research Services & Solutions Ltd.
With the new listings, as many as 104 companies have been listed on BSE SME since the launch of the platform in March 12, 2012. Out of the listed SMEs, six have already migrated onto the main board after completion of existing rules and regulations laid down by the exchange.
Till now, the listed SMEs have raised Rs 756 crore from the capital markets using the BSE SME platform to meet their business needs.
“Indian SME exchange has reached 100 SMEs faster than comparable international exchanges. IOSCO has also observed that the cost of listing on SME platform in India is the lowest in the world,” said Rajeev Kumar Agarwal, whole-time member of SEBI.
Listing on bourses helps SMEs in easy access to capital, enhanced visibility, growth opportunities, exit route for old shareholders, among others.
NSE also has a separate SME listing platform but it has been more conservative in adding firms on the junior exchange.