Big boost for Maharashtra small business! BSE signs MoU state govt to encourage SME listing

Big boost for Maharashtra small business! BSE signs MoU state govt to encourage SME listing

BSE signed a memorandum of understanding (MoU) with the Government of Maharashtra to create awareness about benefits of listing among SMEs of the state. India’s premier exchange and the world’s fastest Stock Exchange informed about the MoU on Tuesday evening in a written press statement. Through this MoU, BSE will provide intellectual and manpower support to create awareness about the benefits of listing among SMEs and will enable capacity building to SMEs to fulfil listing requirements. Besides, BSE will provide training and capacity building support to District Industries Centre officials.

Speaking on this occasion Subhash Desai , Minister for Industries & Mining ,Government of Maharashtra said “this MoU will help the micro, small and medium industries in the state to get registered in the capital market and raise capital from the public capital market .BSE will also provide technical support to all the MSME industries in Maharashtra.”

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Commenting on this collaboration, Ajay Thakur, Head-BSE SME & Startups said, “Through this collaborative effort, we will be able to reach out to various SME representatives and industry associations of the state and create greater awareness about the benefits of listings among SMEs of the state. It will further encourage more and more SMEs to list and raise equity capital on the exchange.”

As a part of this MoU, Government of Maharashtra will help in mobilizing the SME representatives and State/Regional associations/chambers to encourage their SME members to attend capacity building programs and will also reach out to industrial associations in the state for conducting joint seminars with BSE to create awareness among SMEs about benefits of listing”

BSE became the first stock exchange to get the approval from SEBI and had launched its SME platform on 13th March, 2012. So far 331 companies listed on BSE SME Platform have raised Rs 3,381 crore from the market and the total market capitalization of 331 companies as on January 19, 2021 is Rs 21,566.36 Crore. Out of which 95 companies are migrated to BSE Main Board. BSE is the market leader in this segment with a market share of 65 percent.

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