SMEs raised Rs 44 crore through IPOs between April and June

As many as nine small and medium enterprises (SMEs) got listed on capital markets with public issues worth Rs 44 crore in the first quarter of fiscal 2015-16, with eight IPOs launched in June itself, according to latest Sebi figures released in Mumbai. In comparison, six SMEs had launched their initial public offerings (IPO) and raised a total of Rs 63 crore through these issues during the April-June 2014-15 period, according to Sebi data.

As per the latest figures of the regulator for June, eight SMEs came out with public issues in the month, raising a total of Rs 39 crore from investors. Comparatively, stock exchanges saw IPOs from three SMEs worth Rs 24 crore, in the same month, last year. Ambition Mica, Junction Fabrics and Apparels, Mishka Exim, VMV Holidays, Jiya Eco-Products, M D Inducto Cast, Majestic Research Services & Solutions, Gala Print City -- were the eight companies that launched their initial share sale in June 2015.

While one SME had hit the capital markets with an IPO worth Rs 5 crore in May, no issue was launched in April. BSE and the National Stock Exchange (NSE) had launched SME platforms in March 2012, becoming the only two bourses to offer such a segment in the country. BSE has 99 companies listed on its SME platform, with a total market capitalisation of Rs 7,709.15 crore, as on date. The stock exchange is expecting about 100 IPO issues on its SME segment during the current fiscal. NSE has six firms trading on its platform for SMEs. The platforms provide opportunity to SME entrepreneurs to raise equity capital for growth and expansion. It also provides immense opportunity for investors to identify and invest in good SMEs at early stage.

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