BSE aims at 60 SME listing in 2021-22

The BSE is aiming at listing some 60 companies on the SME platform this fiscal backed by the ongoing bull run in the market and relaxation in eligibility criteria, a BSE official said on Tuesday.

The criteria of track record of profit had been reduced to one year infusing momentum that would lead to a jump of 50% in listing on the platform, BSE head SME platform Ajay Thakur said.

Bringing SMEs onto the capital market route is not easy but Kolkata-based merchant banker Gretex Corporate Services Ltd is playing a crucial role in motivating the small companies from the east and other regions to unlock their value and raise funds tapping the capital market, he said.

“We expect the number of listings will be 60 companies this fiscal, of which 50 have already filed papers for approval. On an average, the annual listing has been anywhere from 30 to 40 companies, but this year it will be very high. There are now 343 companies on this platform including Gretex,” Thakur told PTI on the sidelines of the listing ceremony of Gretex Corporate Services.

He said that Gretex is one of the first partners of BSE, which is instrumental in attracting SMEs to get listed on the bourse raising capital through IPOs.