SMEs raise Rs 287-cr through IPOs during Apr-Jan FY16

To tap the upbeat investor sentiments, as many as 34 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings (IPOs) worth Rs 287 crore in the first ten months of current financial year.

This was higher than 39 SMEs raising a total of Rs 278 crore in the entire past financial year, according to the data available with Sebi. Moreover, total fund raising for the ongoing financial year is expected to increase as many companies have filed draft documents in February and March to tap IPO route.

According to market experts, increasing number of firms coming on SME exchanges send positive signals and lend a lot of confidence to SME capital markets.