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Last updated: 02 Aug, 2020  

Ajay.9.thmb.jpg Expect more SME listings post COVID-19: BSE SME chief

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SME Times News Bureau | 02 Aug, 2020

In an exclusive interview with SME Times, Ajay Thakur, Head of BSE SME & Startups, said that he expects more SME listings after end of the ongoing COVID-19 crisis.

Excerpts of the interview…

Please tell our readers present position of BSE SME segment?

Ajay Thakur: The BSE SME segment has 324 companies listed who have raised Rs 3300 crs from the market. The market capitalisation of these 324 companies is Rs 17800 crs and represent 24 sectors. Another 56 companies have filed the prospectus and will get listed in due course.

Do you expect more listings post COVID-19 crisis?

It is expected that post Covid the economy may see speedy recovery. This will bring positive sentiment in the market and we expect increase in number of listings on the SME  Platform.

Some SMEs are still unaware about benefits of listing? What will be your message to the?

Ajay Thakur: We are creating lot of awareness program along with industrial and professional association. We are also talking to a lot of promoters of SMEs and do their hand holding. My message to the promoters will be to get their company listed on the SME Platform and avail the benefits associated with. It will help in a big way to the growth, credibility and visibility of the company.

Please share your future plans with our readers.

Ajay Thakur: We have been very proactively doing the awareness program since the launch of SME Platform as we were aware that for the inclusive growth of the country the well-being of       SME sector is critical. Going forward we will increase the penetration to Tier-II and Tier-III cities by engaging with various industrial clusters and local industrial association. We have already signed MOU with three State governments viz UP, West Bengal and Haryana for jointly increasing the awareness about benefits of listing. We are planning to engage with various other state governments also to increase the awareness in their respective states. We are also trying to increase investors’ interest on the SME Platform.

In future we will keep on conducting awareness program across the country with all industrial, SME and professional association. In continuation to this we have also launched Start-up platform last year. As we all know that India is the third largest hub for Start-up and for their growth it was necessary to provide them alternative platform to raise funds and create visibility. We have also signed MoU with IIT Alumni for the growth of Start-up platform. Altogether 5 Start-up got listed and raised Rs 22.5 crs and the market capitalisation is Rs 84 crs.

 
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