Mumbai: BSE signs MoU with Government of Maharashtra to encourage SME listing. BSE, India’s premier exchange and the world’s fastest Stock Exchange with a speed of 6 microseconds, has today signed a memorandum of understanding (MoU) with Government of Maharashtra to create awareness about benefits of listing among SMEs of the state.
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.
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”
Speaking on this occasion Shri. 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.”
Commenting on this collaboration, Shri. 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.”
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 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.