SMEs have raised Rs 63 Cr in AMJ quarter through Capital Markets
Six small and medium enterprises (SMEs) got listed on the nation’s capital markets with public issues worth a total of Rs 63 crore in the first three months of the ongoing financial year.
In comparison, only three SMEs had launched their initial public offerings (IPO) and had raised a total of Rs 25 crore through their public issues during April-June quarter 2013-14, latest data available with market regulator Securities and Exchange Board of India (SEBI) showed.
Month-wise, the stock exchanges in the current fiscal saw three IPOs each in May and June on the SME platform. An amount of Rs 39 crore was garnered through SME IPOs in May while Rs 24 crore was raised in June.
The SMEs which made their public debut during April-June period 2014-15 were – Bansal Roofing Products, Oasis Tradelink, Tarini International, Dhanuka Commercial, Gcm Capital Advisors and SPS Finquest.
SPS Finquest which hit the market in May had the highest issue-size for the quarter at Rs 25 crore, followed by Tarini International that raised Rs 16 crore through its IPO in June, Sebi data showed.