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As many as 30 small and medium enterprises (SMEs) have lined up for raising funds via primary markets using Bombay Stock Exchange (BSE)'s SME Platform, informed top BSE official here on Thursday.
"With higher growth projections, there is a lot of hope. So more companies will come up to raise funds. There are about 30 SME IPOs in pipeline and about 20 of them would be from Gujarat alone. Gujarat government has also announced subsidy on cost of IPO for SMEs, so that has also given boost to the number of SMEs going for IPO," said Ashishkumar Chauhan, MD & CEO, BSE Ltd on the sidelines of an event in Ahmedabad.
Commenting on the high-tech start-up companies listings, Chauhan further mentioned that most of the high-tech companies aren't interested for raising funds from Indian capital market. "Once the SEBI regulations are announced, there will be a separate platform for high-tech companies listing," said Chauhan.
At the event, Chauhan further appealed to the women investors to remain cautious about investing in the share market and stay away from the ponzi operators.
"If anybody offers double the returns on your investments, you have to be alert. There is nothing like overnight double returns in share market. You have to be calculative and think rationally before investing," Chauhan told a gathering of women members of Self Employed Women's Association (SEWA) here on Thursday.
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