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BSE, AIMA MSME sign MoU to promote listing of SMEs, startups across India
"Through this MoU, AIMA MSME shall assist BSE in evaluating SMEs and startups for listing in BSE SME board while also sensitizing its investor network for investing in listed SMEs."
BSE on Thursday signed a MoU with All India MSME Association (AIMA MSME), to encourage and promote listing of MSMEs and Start-ups across India.
BSE in a statement said, "Through this MoU, AIMA MSME shall assist BSE in evaluating SMEs and startups for listing in BSE SME board while also sensitizing its investor network for investing in listed SMEs. Further, AIMA MSME and BSE shall host joint road shows and events across India for increasing the awareness among MSMEs for listing on BSE SME Board."
Commenting on the announcement association, Ajay Thakur, Head – BSE SME & Startup, said “We are currently observing a surge of MSMEs and startups in the country and funding is one of the most vital elements. So, it is very important that we make them aware of the benefits of equity funding route and this association is key for us to be able to do so and also attract more investors to invest in the listed MSMEs and startups.”
Avinash Dalal, President of AIMA MSME, said, “Through this MoU, AIMA MSME takes a step forward in assisting BSE in evaluation and listing of SMEs and start-ups. This further reinforces our aim and objective of growth, development and progress of MSME sector and MSME Entrepreneurs across the country. Our intention is to take a leap forward in contributing and achieving the dream of making India a 5 trillion economy.”
BSE became the first stock exchange to get the approval from SEBI and had launched its SME platform on 13th March 2012.
So far 353 companies listed on BSE SME Platform have raised Rs. 3,731.81 crore from the market and total market capitalization of 353 companies as on November 11, 2021 is Rs. 40,716.24 crores, out of which 122 companies are migrated to BSE Main Board. BSE is the market leader in this segment with a market share of 61 percent.
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