SME IPO fundraising nearly doubles to Rs 1,281 crore in April-September

NEW DELHI: Small and medium enterprises (SME ) raised Rs 1,281 crore through initial share-sales in April-September period of the current fiscal, registering a nearly two fold jump from the year-ago period.

Funds raised through IPOs were meant for business expansion plans, working capital requirements and other general corporate purposes, according to offer documents.

A total of 74 companies got listed with initial public offers (IPOs) worth Rs 1,281 crore in the first six months of the ongoing fiscal, compared to 58 firms which tapped the IPO route to garner Rs 656 crore in the same period last financial year, as per the data provided by merchant bankers.

These companies are listed on SME platforms of BSE and NSE.

The development was reported by

, , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *