November 22: India’s largest stock exchange, National Stock Exchange (NSE) has emerged as a credible platform for the small and medium companies to raise capital and get listed with over 100 of them listed on the NSE Emerge Platform.
These companies raised over Rs 1400 cr of capital using the equity fund raising mechanism. These companies are from various sectors like consumer goods, textiles, pharma, fertilisers, services, information technology etc. Shri Suresh Prabhu, Hon’ble Minister of Commerce and Industry, Government of India congratulated the entrepreneurs of the SME companies and felicitated the merchant bankers for their contribution towards fund raising by the SME companies.
Shri Suresh Prabhu, Hon’ble Minister of Commerce and Industry, Government of India stated“The SME sector is the back bone of the Indian Economy and this sector, if extended the right support, has the potential to contribute significantly to the country’s growth. A few of the recent initiatives by Government of India have a given a boost to SMEs. One of them is the SME Trading Platform set up by NSE. SME Trading platform is designed as a viable option for efficient capital raising by the SMEs. I am glad that using the NSE EMERGE platform, 100 companies have fuelled their growth plans. My heartiest congratulation to all the entrepreneurs of the SME companies and to NSE.”
Shri Vikram Limaye, MD & CEO, NSE stated “Access to capital has been one important issue for SMEs whether it is debt capital or equity capital and NSE has a separate platform called Emerge for SME companies to tap the potential of equity funding through the capital markets. NSE is committed to the cause of ensuring that the small and medium enterprises get the best of support in terms of access to capital for their growth. Growth of primary market and diversification of the investor base in equities are important priorities for NSE.