There is no doubt that BSE SME Exchange has emerged as a innovative platform for Indian SMEs to raise funds. But as a harsh fact, it is found that since last few months, there were as many as 20 losers compared to six gainers on the BSE SME platform today while three remained unchanged. Market capitalisation of the firms during trading today settled at Rs 8,942.11 crore.
Among the gainers were Naysaa Securities Ltd (17.22 per cent), Amsons Apparels Ltd (4.69 per cent), Anshus Clothing Ltd (4.29 per cent) and Sunstar Realty Development Ltd (2.15 per cent).
On the other hand top losers were Shri Krishna Prasadam Ltd (-9.68 per cent), Tarini International Ltd (-8.14 per cent), Karnimata Cold Storage Ltd (-5.13 per cent) and Ace Tours Worldwide Ltd (-4.99 per cent).
On the other hand, experts and industry stakeholders are also demanding for a localized fund raising platform as in most common cases, SMEs are local in nature.
“It is difficult for us to go out to Mumbai to raise capital, since we are operating in Ludhiana. This option is not very feasable for me as we just want five to six crore rupees only for our business expansion.” Ajay Kumar Sodhi, Owner of a sports equipment brand mentioned.
Currently there are 83 firms listed on the bourse and 14 on the ITP platform.
Several other firms such as – Agi Infra Limited, Athena Constructions Limited, SSPN Finance Limited and Filtra Consultants and Engineers Limited are waiting to be listed on the platform.
BSE commenced the SME platform on March 2012 and in over two- year period, BSE has achieved more than 90 per cent market share helping Indian SMEs create a market capitalisation of more than USD 1 billion. Average IPO size on BSE SME is close to Rs 9 crore per issue.
BSE SME Platform offers entrepreneurs an investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector.