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'BSE SME exchange likely to list 75 cos by this fiscal'
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Namrata Kath Hazarika | 25 May, 2013
Around 75 companies are expected to get listed in the BSE SME platform-- country's premier stock exchange by this financial year, said a Senior official from the BSE Ltd.
"Another one year we are expecting another 75 companies to come here to get listed ( this financial year). These are from across the verticals. It is not that from a particular region but it is from across the country," said BSE SME Head, Ajay Thakur to SME Times recently.
"At present, there are 22 companies listed on the exchange for trading. Another ten companies are in pipeline. Out of these 10 companies, almost we have given approval to six companies and another two or three companies are pipeline, which are waiting for the approval," he mentioned.
BSE launched its SME platform on March 13, 2012 with the listing of BCB Finance. The SME-listed companies have rewarded its investors reasonably.
According to reports, companies namely RCL Retail, Bronze Infra-Tec, Looks Health Services, Max Alert Systems, Sangam Advisors, Jupiter Infomedia, Jointeca Education Solutions, SRG Housing Finance, etc, are at present listed on the SME platform of the exchange.
Thakur also said, "Out of 22 companies, 19 stocks are trading over based prices. And, three are below 5-10 per cent. And, in our last one year if you see SME apprenticeship, it has given only 20-30 per cent return."
When asked on making SMEs aware about the SME exchange, he commented, "In fact, just one year back, we have established. There were lots of pessimism because market making have been introduced. In fact, we have 95 per cent of the market as far as SMEs are concerned.We are very aggressive in this."
"We are trying to get as much as companies listed on this platform. Also, slowly we can see that pessimism is disappearing from the market. The market making use to be some kind of fears among the merchant bankers earlier," he added.
Currently, there are 40 million Micro, Small and Medium Enterprises (MSMEs) and only 2.5 million are in the organized sector. The market regulator, Securities and Exchange Board of India (SEBI) accorded approval to the SME Exchange by BSE in September 2011.
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