With awareness increasing about the benefits of getting listed, BSE India is expecting to bring 10 more companies from Rajasthan on its SME platform by the end of current financial year, a top official of the exchange said here.
“There are already seven companies from Rajasthan listed on the BSE SME exchange. About 10 more of them are expected to get listed this year,’ said Ajay Thakur, SME Head of Bombay Stock Exchange on the sidelines of an event on ‘facilitating credit for MSMEs’ organized by industry body PHD CCI-Rajasthan.
Rajasthan is one of the leading hubs for SMEs in the country but initially these companies were reluctant to tap the capital markets fearing extra compliance burden and losing management control.
“They were jittery about rising compliance and were also afraid of ceding control. But the mindset is changing fast. The SMEs now realise that they can attract greater visibility and command better credibility in the market by getting listed. It gives them a national limelight. That’s why the interest is growing now,” added Thakur.
As of now, the BSE SME platform has 145 companies. Thakur said by the end of this fiscal year another 50 companies will be on the SME board out of which 10 are expected to be from Rajasthan.
BSE launched the SME platform in December 2012 with a base of 100 points. Thakur said the index has now gone up to 900 points giving investors returns of 900%.
Source: The Times of India
