The BSE’s small and medium enterprise (SME) platform seems to be generating significant interest from investors with as many as 214 firms filing draft papers to raise funds through IPOs. The SME platform was launched in May 2012.

Out of 214 companies, 183 are already listed and have raised ₹1,440 crore from the market. Currently, these firms have a market capitalisation of ₹18,832 crore. Of these 183 firms listed on the BSE SME platform, 29 have migrated to the BSE main board. Asia’s oldest bourse is the leader in this segment with more than 80 per cent market share.

Moreover, a total of 26 SMEs are expected to launch their IPOs soon.

Fund-raising avenue

The platform provides opportunity to SME entrepreneurs to raise equity capital for growth and expansion. It also provides immense opportunity for investors to identify and invest in good SMEs at an early stage.

“BSE’s SME has become the first SME platform in India where 214 companies have filed their prospectuses for getting listed,” the exchange said in a statement issued on Monday.

The Indian SME sector has emerged as a highly vibrant and dynamic sector of the economy over the past few years.