INSUBCONTINENT EXCLUSIVE:
NEW DELHI: If you thought the IPO season has been rather dull this year as not many companies are coming out with fresh issues, think again!
You might be missing out on a mega trend, which is the emergence of the primary market for SMEs
Between April and August, some 48 SME IPOs raised over Rs 861 crore from the market, Sebi data showed
This helped India rank second globally in the numbers of IPOs so far this calendar
India was placed third last year.
As of today, the SME platform has a total of 261 listed stocks
On BSE, the 250th SME got listed in June this year and the bourse is expecting to hit the 300 mark by December
Nasdaq (109) and Tokyo (66) were the other markets, seeing more IPOs this year, suggests a study by Ernst Young
value terms, India ranked seventh
The country has seen companies raise $5.2 billion via IPOs this year, which is 3.6 per cent of the $145.10 billion raised globally.
In 2017,
the Indian market ranked sixth, raising $11.7 billion via IPO issues, which was 6.1 per cent of the total money raised through IPOs
Despite global economic concerns, a good GDP print and strong domestic liquidity are boosting investor confidence, prompting Indian
