SMEs raise Rs63 crore through IPOs in April-June
Six SMEs got listed in April-June, compared to three in the same quarter last fiscal
New Delhi: Six small and medium enterprises (SMEs) got listed on the nation’s capital markets with public issues worth a total of 63 crore in the first three months of the ongoing financial year. In comparison, only three SMEs had launched their initial public offerings (IPO) and had raised a total of 25 crore through their public issues during the April-June quarter 2013-14, latest data available with market regulator Sebi (Securities and Exchange Board of India) showed.
Month-wise, the stock exchanges in the current fiscal saw three IPOs each in May and June on the SME platform. An amount of 39 crore was garnered through SME IPOs in May while 24 crore was raised in June. The SMEs which made their public debut during April-June period 2014-15 are Bansal Roofing Products, Oasis Tradelink, Tarini International, Dhanuka Commercial, Gcm Capital Advisors and SPS Finquest. SPS Finquest, which hit the market in May, had the highest issue size for the quarter at 25 crore, followed by Tarini International that raised 16 crore through its IPO in June, Sebi data showed.
Leading bourses BSE and the National Stock Exchange (NSE) had launched SME platforms in March 2012. They are the only two bourses offering such a segment in the country. So far, the BSE has 63 companies and the NSE has five firms trading on their respective SME platforms. The platforms provide an opportunity to SME entrepreneurs to raise equity capital for growth and expansion. It also provides immense opportunity for investors to identify and invest in good SMEs at an early stage.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!