CEO, BSE SEEKS LARGER LISTING ENROLMENT OF SMEs AT ITS SMEs PLATFORM AT PHD CHAMBER

Managing Director & CEO, BSE Ltd. Mr. Ashish Kumar Chauhan on Monday called upon the well established SMEs to come forward to listing their entities with stock exchanges such as BSE’s SME Platform to enhance their market valuation.

Speaking at a Seminar on Emerging Role of IPO Platform for SMEs organized by the PHD Chamber of Commerce and Industry here today, Mr. Chauhan argued that with acquiring listing entitlements, SMEs will not only increase their market valuation but also gain in advantages of lower interest rates for funding their operations including easier access to quality investors.

“Currently about 165 SMEs have obtained listing in BSE’s SMEs platform and in next few weeks, another 20 companies are likely to be rolled in for listing.  We expect that out of thousands of SMEs, 25000 to 30000 SMEs have potential to gain in listing access in Bombay Stock Exchange SMEs platform in next two years, given its advantages”, said Head-BSE SME, Mr. Ajay Thakur who also spoke on the occasion.

He explained that certain disclosure norms have to be abided by the prospective SMEs that wish to get listed as those would ensure transparency in listing to safeguard the interest of investors as well sustain their operations for time to come.

In his opening remarks, Sr. Vice President, PHD Chamber, Mr. Anil Khaitan assured the BSE that the PHD Chamber would persuade all its SMEs members to take a call for listing as it would strengthen their operations as well as perpetualize their existence in the market.

Among others who emphasized the need for gaining in listing facilities for SMEs comprised Chairman and Co-Chairman, Capital Market Committee, PHD Chamber, Mr. D K Aggarwal and Mr. B K Sabharwal; Founder and Director, Corporate Capital Ventures Pvt. Ltd., Mr. Kulbhushan Parashar; Executive Director, India Member Firm of EY Global, Mr. Vishal Dhingra; Chairman & Managing Director, Tiger Logistics India Ltd., Mr. Harpreet Singh Malhotra; Group Managing Director, Pantomath Advisory Services Group, Mr. Mahavir Lunawat and Chairman-Northern Region, Association of National Exchanges Members of India, Mr. Narinder Wadhwa.