SMEs raise INR 1281 crore through initial share-sales in April-September period

Small and medium enterprises (SMEs) raised 1,281 crore rupees through initial share-sales in April-September period of the current fiscal, registering a nearly two fold jump from the year-ago period.

A total of 74 companies got listed with initial public offers (IPOs) worth 1,281 crore rupees in the first six months of this fiscal, compared to 58 firms, which tapped the IPO route to garner 656 crore rupees



in the same period last financial year. These companies are listed on SME platforms of BSE and NSE.

BSE and NSE had launched SME platforms in March 2012, becoming the only two bourses to offer such a segment in the country. Since then, over 450 companies have got listed on them raising more than Rs 5,400 crore. Some of these SMEs have even shifted to the main-board.