In what can be seen as a boom time for the small and medium enterprises (SMEs) in the country, the BSE SME Exchange looks to list about 100 SMEs during this fiscal.
Speaking about the increasing trend of SMEs to get listed on the SME platform, Ajay Thakur, head, BSE-SME maintained that companies from manufacturing sector are more likely to list on the exchange.
"We hope to see about 100 listing on SME Platform this fiscal. To make it successful, we are focusing on tier-2 and tier-3 towns such as Bhavnagar, Vapi, and Morbi among others across India to tap SMEs in that region for listing," said Thakur here on Wednesday.
So far, about 120 draft red herring prospectus (DRHPs) have been filed, out of which 94 companies got listed. About one third of that is from Gujarat, mentioned Thakur.
Recently, BSE SME Exchange had revised the listing norms thereby requiring higher post-issue paid up capital at Rs 3 crore against the previous requirement of Rs 1 crore. Also, now the networth requirement and tangible assets requirement has been increased to Rs 3 crore from Rs 1 crore.