India's largest stock exchange National Stock Exchange of India Limited's (NSE) SME platform, NSE EMERGE, witnessed its 100th SME IPO listing on Monday. ANI Integrated Services Limited debuted on the NSE EMERGE platform. "NSE has been focused on developing an ecosystem for the financial markets where the Indian corporations can chart their growth stories," the stock exchange said in a statement.
Till date, 100 SME companies are listed on the EMERGE platform and the companies have raised more than Rs. 1,400 crore of capital using the equity fund raising mechanism. These companies are from various sectors like consumer goods, textiles, pharma, fertilisers, services and information technology.
"The SME sector is the back bone of the Indian Economy and this sector, if extended the right support, has the potential to contribute significantly to the country's growth. A few of the recent initiatives by Government of India have a given a boost to SMEs. One of them is the SME Trading Platform set up by NSE. SME Trading platform is designed as a viable option for efficient capital raising by the SMEs," said Commerce Minister Suresh Prabhu, who graced the occasion.
Vikram Limaye, MD & CEO, NSE, said: "Access to capital has been one important issue for SMEs whether it is debt capital or equity capital and NSE has a separate platform called Emerge for SME companies to tap the potential of equity funding through the capital markets."
"NSE is committed to the cause of ensuring that the small and medium enterprises get the best of support in terms of access to capital for their growth. Growth of primary market and diversification of the investor base in equities are important priorities for NSE."
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