NSE Emerge SME Companies Hit Rs 1 Lakh Crore Market Cap
By Rediff Money Desk, NEWDELHI Dec 05, 2023 19:19
NSE Emerge platform, designed for SMEs, has crossed Rs 1 lakh crore in market capitalization, highlighting the growth of Indian MSMEs. The platform, launched in 2012, has seen 397 listings and over Rs 7,800 crore in fundraising.
![NSE Emerge SME Companies Hit Rs 1 Lakh Crore Market Cap](https://im.rediff.com/money/2012/mar/16sme1.jpg)
New Delhi, Dec 5 (PTI) The total market capitalisation of companies listed on the National Stock Exchange's (NSE) SME platform, Emerge, crossed the Rs 1 lakh crore mark, the exchange said on Tuesday.
Since the platform was launched in 2012, a total of 397 companies have been listed on NSE Emerge with fund raising of more than Rs 7,800 crore, the bourse said in a statement.
The Nifty SME Emerge index consisting of 166 companies from 19 sectors have shown a CAGR (compound annual growth rate) of around 40 per cent till November 2023. The index was launched in 2017.
Earlier this year, the stock exchange had strengthened its NSE Emerge criteria for migration of SME listed companies on its mainboard platform to promote higher quality companies with a wider learning curve of regulatory compliances.
So far, 138 companies have migrated to the NSE mainboard platform.
"NSE Emerge listed companies crossing Rs one lakh crore market capitalisation is a significant milestone. This showcases the hidden potential of Indian MSMEs that have been the driving force of our country's economic growth.
"We urge Indian MSMEs to explore the alternative source of raising capital through NSE Emerge," Sriram Krishnan, Chief Business Development Officer at NSE, said.
Since the platform was launched in 2012, a total of 397 companies have been listed on NSE Emerge with fund raising of more than Rs 7,800 crore, the bourse said in a statement.
The Nifty SME Emerge index consisting of 166 companies from 19 sectors have shown a CAGR (compound annual growth rate) of around 40 per cent till November 2023. The index was launched in 2017.
Earlier this year, the stock exchange had strengthened its NSE Emerge criteria for migration of SME listed companies on its mainboard platform to promote higher quality companies with a wider learning curve of regulatory compliances.
So far, 138 companies have migrated to the NSE mainboard platform.
"NSE Emerge listed companies crossing Rs one lakh crore market capitalisation is a significant milestone. This showcases the hidden potential of Indian MSMEs that have been the driving force of our country's economic growth.
"We urge Indian MSMEs to explore the alternative source of raising capital through NSE Emerge," Sriram Krishnan, Chief Business Development Officer at NSE, said.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Sebi Proposes...](https://im.rediff.com/80-80/money/2024/may/25sebi2.jpg)
Sebi Proposes Summary Proceedings for...
Sebi proposes summary proceedings for intermediaries to expedite violations of...
![Kochi Water Metro...](https://im.rediff.com/80-80/money/2015/jul/01metro1.jpg)
Kochi Water Metro Model: Replicable in Kolkata,...
Kochi Water Metro's success paves the way for similar projects in Kolkata, Mumbai,...
![Motilal Oswal MF...](https://im.rediff.com/80-80/money/2023/feb/19zomato1.jpg)
Motilal Oswal MF Sells Zomato Shares for Rs 646...
Motilal Oswal Mutual Fund has sold its stake in Zomato for Rs 646 crore through an open...