BSE SME Platform achieves milestone of 400 Listed Companies

BSE SME Platform achieves milestone of 400 Listed Companies: The BSE SME platform has reached the landmark of 400 listed companies with the listing of eight new companies in the exchange’s SME platform. To help SMEs access equity financing for business growth and expansion, BSE established the BSE SME Platform.

News Highlights

• Shri Piyush Goyal, the Union Minister of Commerce and Industry, attended the listing celebration for the 400th company on the BSE SME Platform in Mumbai.
• We have more than 100 unicorn companies and many are on the path of becoming one. The Commerce and Industry Ministry’s assistance in forming alliances between BSE and the startup ecosystem will benefit both startups’ quick growth and the BSE’s platform expansion. SMEs are a crucial component of India’s growth, and increased cooperation and participation will promote the development of this BSE SME exchange.
• Shri Piyush Goyal anticipated that Mumbai is the city from where the SME sector will spread its wings, raise more money, and genuinely develop into an international hub, allowing more SMEs to accelerate their rate of growth. The BSE SME platform may also look at establishing up a platform at GIFT City.
• If BSE establishes a relationship with the startup ecosystem, it will help them to grow more quickly and will encourage domestic capital to invest in startups. BSE can also provide technical services to enterprises, adding luster to the SME exchange.
• The 394 firms listed on the BSE SME Platform had raised a total of Rs. 4,263 crore from the market, and as of October 7, 2022, their market capitalization was Rs. 60,000 crore. 152 of these businesses have moved to the main board.

What is BSE SME Platform?

The BSE SME Platform was established by BSE Ltd. in March 2012 in accordance with the guidelines established by SEBI. The BSE SME Platform provides a welcoming environment for entrepreneurs and investors, enabling the listing of SMEs from India’s dispersed unorganised sector into a regulated and structured sector. The listed SMEs cross the threshold of the BSE SME Platform and venture into the financial sector in order to further their growth and development. BSE SME helps these SMEs get equity funding for their development and growth, enabling them to eventually transition into fully fledged businesses and join the BSE Main Board in accordance with the applicable rules and regulations.

What are listed companies?

A company that has its shares listed on a stock exchange for public trade is known as a listed company. It also goes by the name quoted corporation.

What is a unicorn?

A unicorn is defined as any privately held company having a market valuation of more than USD 1 billion. It refers to new entities dedicated to providing innovative solutions and business concepts. Eg: B2B (Business-to-Business) enterprises, Fintech, Edtech.