Bombay Stock Exchange’s small and medium enterprises listing platform – BSE SME – has seen a lot of buoyancy in last one year with a surge from manufacturing sector. The platform has on-boarded as many as 194 companies since its inception. The journey of BSE SME, which dates back to 2012, has attracted small scrips from diverse sectors, be it manufacturing, services, BFSS, IT, entertainment, etc. However, of the total 194 companies listed on the platform, manufacturing sector holds a lion’s share.
If we trace through the listings, manufacturing sector tops the chart with around 40 per cent companies from the sector of the total 194 companies listed till date. From textiles to apparels to paper products, plastics, iron & steel, auto components, agri, et al, companies from various sub-sectors are highlights of the list, with apparels and textiles holding a lead share.
Closely following the manufacturing sector is the services sector, with around 36.6 per cent share in the listings on the SME bourse. When sub-categorised, the sector includes maximum companies from realty, followed by hospitality, healthcare, travel and tourism, etc.
The second runner-up on the chart is Banking and Finance Services sector with some 13 per cent companies on the list representing the category. Apart from the 3 broad categories, IT and Entertainment industries are also turning to the platform, showing the increasing interest of companies from different sectors towards SME listing for financial boost.
BSE SME platform has attracted a plethora of sectors, regardless their share of contribution to the listings on bourse. In an exclusive to SMEpost, BSE SME Head Ajay Thakur had testified both sector diversity and the aggressiveness of the manufacturing sector. He said, “Companies are coming in from sectors like manufacturing, services, advisory services, hospitality, IT, agriculture, etc. Manufacturing sector has maximum number of companies coming in, but other sectors are no less. Almost 24 sectors have contributed till now of which manufacturing had highest. Gradually all the sectors are participating and the interest is increasing in a diversified way.”
The platform is playing big shots to change small business fortunes. The proactive leadership at the BSE SME platform has brought about the fastest on-boarding in recent years. The time consumed by the platform to on-board more and more SMEs is certainly lessening milestone-by-milestone. The speedy listing is a positive trend mapping an increase in awareness and confidence amongst SMEs to take the equity route and tackle the fund-crises on the back of BSE SME.