Over the years, the platform has demonstrated consistent growth — not just in the number of listings, but also in the scale and success of the issues.
Between January 2023 and now, the average issue size for SME IPOs has surged to Rs 32 crore, nearly tripling from the earlier average of Rs 11 crore recorded between March 13, 2012, and December 31, 2022. In terms of total funds raised, the recent period has seen Rs 6,109 crore mobilised, compared to Rs 4,544 crore during the earlier span.
A significant trend contributing to the platform’s success is the increasing number of SMEs graduating to the main board, with nearly one-third of listed companies making that leap.
The SMEs listed on the BSE SME platform span across geographies and sectors, reflecting the wide-ranging economic opportunities present across India. This diversity underscores the platform’s role as a mirror of the country’s economic expansion.
Commenting on the development, Sundararaman Ramamurthy, MD & CEO of BSE Ltd., said:“With over 7 crore SMEs contributing 30% to GDP, 44% to exports, and employing nearly 60% of the workforce, MSMEs represent a tremendous opportunity to realise the vision of a developed India by 2047. The milestone of 600 listings reflects both the trust of entrepreneurs and investors and our unwavering commitment to supporting this vital sector.”In a move to further streamline the listing process, BSE SME recently launched a generative AI tool designed to vet IPO documents before official submission. This innovation is expected to improve document validation, expedite the listing process, and enhance overall efficiency.
Radha Kirthivasan, Head of Listing & SME Platform at BSE, added:“Our growth trajectory, coupled with the integration of advanced technologies, is a clear signal of our intent to empower emerging businesses. Through digital innovation, we aim to enrich the SME ecosystem and drive India’s socio-economic development.”
About BSE:Established in 1875, BSE is Asia’s oldest stock exchange and holds the distinction of having the highest number of listed companies globally. It plays a critical role in India’s capital markets, offering a transparent and efficient platform for equity, debt, derivatives, currency instruments, mutual funds, and more. The BSE Sensex, its benchmark index, is a widely recognised indicator of the Indian economy.
