BSE SME platform expects 30 IPOs in 3 months

BSE SME platform expects 30 IPOs in 3 months

09/05/2016 01:36

Leading stock exchange BSE said that it is expecting 30 initial public offerings (IPOs) on its small and medium-sized enterprises (SME) platform in next three months, as per the media reports.

This is on top of 17 SMEs that already got listed in this year.

“The IPO pipeline is good, which shows that confidence among the companies. We are expecting 30 SME IPOs in the next three months,” BSE MD and CEO Ashishkumar Chauhan said, quoted PTI.

He was speaking on the sidelines of a seminar on ‘Is the corporate sector over-regulated?’, organised by an industry body.

Listing will help these companies enter and finally to graduate on to the mainboard.

These companies belong to a wide range of sectors, like logistics services, media, automotive components, infrastructure and hospitality, among others.

BSE had launched SME platforms in March 2012 to provide opportunity to such firms to raise capital for growth and expansion. Since then a total of 136 companies got listed on its SME segment and 18 of these firms have migrated to the main board platform.

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