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The total value of small and medium enterprises (SME) listed on the BSE SME platform crossed the Rs 10,000-crore mark, for the first time, on Friday. The market-capitalisation of the companies touched Rs 10,117 crore, an average market-cap of about Rs 120 crore per firm.
Set up in March 2012, the BSE SME platform boasts of 82 listed companies. Twenty-eight of these were traded on Friday. The total listed companies’ count on the platform is expected to go higher with 16 more companies at various stages of listing, the exchange said.
“India has a huge potential for SMEs and the success at BSE SME in less than three years of its setting up has opened up important avenues for high-growth SME companies to raise funds for their growth from public. This also proves Indian investors are willing to invest in the right companies, however small,” said Ashishkumar Chauhan, managing director and CEO of BSE, in a statement.
The platform, which was set up in March 2012, crossed the $1 billion-mark (about Rs 6,000 crore), in April this year.
