Fourteen more companies to list on BSE SME; BSE eyes hi-tech companies

Mumbai, Apr 14 (KNN) BSE which has 55 companies listed on its SME dedicated platform has crossed the mark of USD 1 million last month within 2 years of its commencement, and it now has an additional 14 companies in the process of listing on the platform in the next one month.

BSE which has got a good response on its SME platform is now planning to attract hi-tech companies to list on the SME platform.

The companies, though small in size have the potential to perform well in the technology space.  However, they require growth capital for the next few years.

The market capitalisation of companies listed on BSE SME platform has exceeded USD 1 billion mark, with the rate of Rs 60.18 per USD recently.

As many as 55 companies are listed on BSE SME platform with only about one third of the listed companies actively trading.

Average market capitalisation per company works out to be more than Rs 100 crore, which is similar to main Board companies on BSE, a release by BSE has said.

BSE commenced the SME platform on March 2012 and in over two- year period, BSE has achieved more than 90 per cent market share helping Indian SMEs create a market capitalisation of more than USD 1 billion.  Average IPO size on BSE SME is close to Rs 9 crore per issue.

"BSE has been able to create an eco-system for SME financing in India and USD 1 billion of market capitalisation for SME segment is an important milestone in this journey.
BSE will continue to strive to help Indian SME and large cap companies to raise funds with its innovative and market leading E-IPO platform as well as the fastest trading system in India with 200 micro seconds response time," BSE MD and CEO Ashish Chauhan has said.

Asia’s oldest exchange is also considering a trendy name for its SME Platform.