NSE EMERGE Reaches a Milestone with its 500th SME Listing: Average IPO Size Triples

Introduction

In a significant development for the Indian stock market, the National Stock Exchange of India Limited (NSE) has achieved a landmark with the listing of its 500th SME company on the NSE EMERGE platform. This milestone highlights the growing importance and success of SME companies in India’s economic landscape.

The 500th Listing: Prizor Viztech Limite

On 22nd July 2024, Prizor Viztech Limited marked the 500th company to be listed on the NSE EMERGE SME platform. This achievement not only underscores the platform’s success but also reflects the increasing trust and participation of SME companies in India’s capital markets.

Accelerated Growth and Market Cap Expansion

NSE Chief Business Development Officer, Mr. Sriram Krishnan, emphasized the rapid growth of listings on the EMERGE platform. He noted that while the first 100 listings took over five years, the most recent 100 listings were completed in just six months. This acceleration signifies a robust confidence in the MSME growth story of India. Since 2019, the market capitalization of the SME Board has surged from Rs.12,500 crore to nearly Rs.175,000 crore. This remarkable growth highlights the platform’s role in unlocking value and providing vital capital to businesses.

Increased IPO Size and Capital Raising

The average IPO size on the NSE EMERGE platform has nearly tripled, rising from Rs. 13.44 crore in FY 2019-20 to Rs.37.57 crore in FY 2024-25 (YTD). This increase indicates a growing appetite for public capital markets among SME issuers. As of today, 501 companies across various sectors are listed on the platform, collectively raising over Rs 11,780 crore, with a total market capitalization of approximately Rs 175,000 crore.

Comprehensive Business Model

NSE operates a fully integrated business model, offering a range of services including exchange listings, trading, clearing and settlement, indices, market data feeds, technology solutions, and financial education. The exchange ensures compliance with SEBI regulations and is known for its innovation and technological investment, ensuring the reliability and performance of its systems.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.