The market capitalisation of companies listed on BSE SME Platform has exceeded USD 1 billion mark, with the rate of Rs 60.18 per USD, as of close of business on April 4, 2014.
As of date, 55 companies are listed on BSE. Average market capitalisation per company works out to be more than Rs 100 crore per company, which is similar to main Board companies on BSE.
BSE started the SME Platform on March 2012. In just over 2 years, BSE has achieved more than 90% market share helping Indian SMEs create a market capitalisation of more than USD 1 billion. Average IPO size on BSE SME is close to Rs 9 crore per issue.
As of date, additional 14 companies are in the process of listing on BSE SME Platform. MD and CEO, BSE, Ashish Chauhan said that it is matter of pride that BSE has been able to create an eco system for SME financing in India. US $ 1 billion of market capitalisation for SME segment on BSE is an important milestone in this journey. BSE will continue to strive to help Indian SME and Large Cap companies to raise funds with its innovative and market leading E-IPO platform as well as the fastest trading system in India with 200 micro seconds response time. "