The market capitalisation (m-cap) of firms listed on the BSE’s small and medium enterprise (SME) platform topped the Rs 50,000-crore mark for the primary time on Friday.
At current, 359 firms are listed on the BSE SME platform.
Of those, 127 have been migrated to the primary board.
On the finish of at the moment’s buying and selling session, the collective market valuation of those corporations stood at Rs 50,538 crore.
“It’s actually a memorable second in our historical past and one we’re very happy with. Small and medium enterprises are the spine of Indian financial system, and the speedy development in scale we’re observing at present is a vivid indication of progress of our nice nation,” Ajay Thakur, Head- BSE SME and startups, mentioned.
The change launched its SME platform in March 2012, and over these 10 years, the platform has helped SME firms to boost almost Rs 3,800 crore of fairness funds.
“We’re assured of many extra SME firms to record and lift funds from BSE SME platform going ahead,” Thakur added.