Mumbai: May 18, 2020: In its endeavor to support the Small and Medium Enterprises (SMEs) - BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds, has decided to bring down its annual listing fee on the BSE SME platforms by 25%.
The revised listing fee structure will be applicable for the existing companies as well as for all the firms awaiting to be listed on the Exchange. The fee rebate has been declared post Hon’ble Finance Minister Nirmala Sitharaman’s several announcements to rescue the ailing micro, small, and medium enterprises of the country.
Commenting on the revised annual fee structure on BSE SME platform, Mr. Ajay Thakur, Head – BSE SME & Startups said, “Currently India is going through an unprecedented crisis caused by pandemic Covid 19. In these challenging times, it is our responsibility to support the SMEs which is the backbone of our economy. We hope that these measures along with the bold steps taken by the government will help in reviving the SMEs and also encourage thousands of SMEs to go for listing.”
Understanding the importance of SMEs and recognizing the sector as an important contributor to the economic growth and development, BSE decided to launch an SME platform. BSE became the first Exchange to launch BSE SME Platform in 2012 that helped SMEs raise funds through dilution of their equity. In these tough period too, BSE has helped 3 SMEs and 1 Startup list and raise money on BSE SME & Startups Platform. Overall, there are 322 companies listed on BSE SME Platform and 79 companies, which have migrated to the main board. The 322 companies have raised Rs. 3278.84 crores from the market and total market capitalization of these companies as on 17th May 2020 is 15,865.39 Crores. On BSE Startups platform, there are 5 firms listed that have raised Rs.19 Crores from the market and total market capitalization of these companies as on 17th May 2020 is 76.09 Crores.