India’s first and biggest security market, the Bombay Stock Exchange recently joined hands with the All India Association of Micro, Small and Medium Enterprises to foster the MSMEs and start-ups listing.
The exchange stated that this covenant will aid in evaluating Micro, Small and Medium Enterprises and start-ups for listing on the exchange's SME platform while also sensitising its investor network for investing in listed MSMEs.
Further, to spread awareness about listing on the exchange's SME segment among MSMEs, the two entities will host joint road shows and events across the country.
Ajay Thakur, Head BSE SME and Start-up said that we are currently observing a surge of MSMEs and start-ups in the country and funding is one of the most vital elements. So, it is very important that we make them aware of the benefits of the equity funding route and this association is key for us to be able to do so and also attract more investors to invest in the listed MSMEs and start-ups.
Avinash Dalal, President of AIMA MSME, said that this pact will help the association assist the BSE in evaluating and listing SMEs and start-ups. This further reinforces our aim and objective of growth, development and progress of the MSME sector and MSME Entrepreneurs across the country.
BSE became the first stock exchange to launch a platform for small and medium sized enterprises after it was approved by the markets regulator Exchange Board of ¬ India in March 2012. Currently, 353 firms listed on the BSE SME Platform have raised Rs 3,732 crore from the market, and their market capitalization totals Rs 40,716 crore. Of the 353 companies, 122 have switched to the BSE Main Board. With a market share of 61 per cent, BSE is the market leader in this segment.
