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SEBI to help more SME firms list on share market

Mumbai, May 16 (KNN)  Market regulator, SEBI has identified 5-6 SME clusters from where a list of companies which are willing to raise money through BSE-SME exchange will be prepared.
“In cooperation with the stock exchanges and SIDBI, we have identified 5-6 clusters in the country where there are SMEs.  An exercise is going on to identify those companies, which are ready to get listed and we will be spending time with them on what are the requirements,” SEBI (Securities and Exchange Board of India) Chairman, UK Sinha said here yesterday.
At present, there are 57 companies listed on the BSE SME platform, although only one-third of the companies listed are actively traded.
The market capitalisation of the firms on the platform is in the range of Rs 7,000 crore, rising fast in the recent past.
BSE started the SME Platform in March 2012.  In just over 2 years, 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.