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Over 600 small and medium enterprises have accessed SME platforms of the 2 main inventory exchanges within the nation until 2021, and a cumulative quantity raised by these entities was over Rs 7,600 crore, an official stated right here on Friday.
Regardless of COVID-induced disruptions, 64 SMEs had raised about Rs 900 crore from such platforms of the BSE and NSE in 2021, SEBI Wholetime member Ananta Barua stated.
“Already, 614 SMEs have accessed fairness via the exchanges until 2021. Altogether, 367 firms have accessed the BSE trade and 247 entities on the NSE’s platform,” he stated at an interactive session with Retailers’ Chamber of Commerce and Trade.
Barua stated the 367 firms have raised capital from the BSE SME platform, whereas 247 entities accessed the NSE Emerge to get their fairness funding.
Every of the bourses has helped them elevate a cumulative quantity of round Rs 3,800 crore, he stated.
As many as 113 SMEs from the BSE platform and 102 enterprises from the NSE have already migrated to primary boards, the official stated.
Firms listed on the SME platforms can swap to the primary trade after they meet sure norms of the bourses.
In the course of the COVID-19 pandemic, each the inventory exchanges have relaxed phrases and situations for itemizing, in a bid to assist small and medium firms overcome challenges in elevating capital, the official stated.
There are SME-focused funds from each the personal sector and the federal government.
“There are already 19 SME funds in operation,” he stated.
Barua additionally talked about {that a} new pattern of debt funding amongst startups has gained tempo.
Citing a report, he stated a complete of USD 538 million in enterprise debt has been disbursed until 2021.
In keeping with the report, 91 firms benefited from the enterprise debt funding.
Barua declined to talk on Axis AMC developments and motion taken by the market regulator.
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