After listing on the SME Exchange platform, 61 companies have now migrated to the main board of BSE.
Mumbai: The BSE SME Exchange platform is close to hosting 300 small and medium enterprises on its SME platform, with the 298th company, Evans Electric, getting listed on Monday.
In total, close to 500 SME companies have got listed on BSE and NSE since the market regulator came out with detailed listing guidelines for SMEs in May 2010.
The NSE's Emerge platform for listing SME companies has 198 companies listed on it since 2012 when SMEs started getting listed on bourses.
Evans Electric, a Maharashtra-based company engaged in the repairing, re-winding and re-designing, including inhouse manufacturing, of replacement components of electric motors, generators and transformers.
SME platform helps small and medium enterprises to tap the larger world of finance by raising equity capital for their growth and expansion.
After listing on the SME Exchange platform, 61 companies have now migrated to the main board of BSE. Adding NSE-listed SME's migrations, , in total 71 companies have moved to the main board post-listing.
Any company on the BSE SME Platform having a paid-up capital of more than Rs 10 crore can apply to move to the main board after two years of listing.
The 298 companies listed on BSE SME Platform have raised Rs 3,073.03 crores from the market and total market capitalization of 298 companies as on May 13, 2019 is Rs 17,929.16 crore.
"Primary Capital market is again picking up pace. We are witnessing quality companies getting public. We are having very handsome pipeline of growth businesses and aim to introduce them to capital markets in near future," said Mahavir Lunawat, Group Managing Director, Pantomath Advisory Services Group.