Bombay Stock Exhange sees 200 listings on SME platform by FY17Press Trust of India
The BSE SME exchange is expecting 200 listings on its platform by the fiscal-end and 150 by the end of this month itself. The stock exchange is looking to raise Rs 500 crore via forthcoming listings of more than 50 SMEs on its platform by the fiscal-end. BSE MD and CEO Ashishkumar Chauhan said in a meeting at Mumbai,
As of now, 146 SMEs have already got listed at BSE SME exchange and we have raised Rs 1,100 crore through those SMEs, whose combined market cap has crossed of Rs 10,000 crore mark over past four years
He was speaking to reporters on the sidelines of a conference on cyber security and resilience. At present, 30 SMEs are in the pipelines of getting listed and out of them.
We are looking at 50-60 new SMEs to be listed on our platform by the fiscal-end. In case it happened, the platform will be in a position of raising Rs 400-500 crore additionally by March, Chauhan said.
Even as no startup is listed at BSE's Hi-Tech platform, which has especially been set up at BSE for them, it is in talks with venture capital and private equity funds for the same.
At present, no startup is listed on BSE's Hi-Tech platform. Still, we at BSE are in talks with venture capital and private equity funds for the same. Sebi has already come up with a specific regulation for startups aspiring to be listed at stock exchanges.
However, the regulation is under review.
We do hope to see start-ups coming forward for listing at BSE's Hi-Tech platform once the revise Sebi regulation is out, he said.
BSE Institute Ltd, a wholly owned subsidiary of BSE Ltd, recently announced the launch of a new accelerator for startups. This accelerator is housed in the iconic P. J. Towers the home of BSE, Asia’s oldest and the world’s fastest stock exchange. This has been setup as a technology based incubator under the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology, Government of India. Zone Startups India is the only stand-alone accelerator program in India to be accredited this support.