Radhika Jeweltech, which raised nearly Rs 50 crore through its IPO, got listed on BSE’s small and medium enterprise (SME) platform on September 27, taking the total number of such firms to 153.

This was the biggest initial public offering till now on any SME platform in India. The firm came out with its IPO earlier this month.

With this, the total number of companies listed on the platform has reached 153. Further, as many as 33 companies have lined up their IPOs.

Out of these 153 firms, 18 have migrated to the BSE’s main board. The total amount of money raised so far on the BSE SME platform is Rs 1,140 crore and the market capitalisation of companies listed till date is Rs 12,966 crore.

Besides, two companies – Husys Consulting and Crown Lifters – got listed on the National Stock Exchange (NSE) SME platform – Emerge.

Currently, NSE is in talks with various companies to list on its SME platform across India. These companies represent various sectors like auto and auto ancillary, healthcare, IT, electrical appliances, engineering consultancy services, FMCG, textile, reality and renewable energy.

Till date, NSE Emerge platform has helped SMEs to raise about Rs 232 crore, while combined market capitalisation amounts to around Rs 1,100 crore.

BSE and NSE had launched the SME platforms in March 2012 to provide opportunity to such firms to raise capital for growth and expansion. It also provides immense opportunity for investors to identify and invest in good SMEs at an early stage.

Source: The Business Standard