Ajay Thakur projects 100 IPOs on BSE SME platform in 2018, up from 55 last year. With 22 approved and 19 pending, the platform supports sectors like logistics and pharma, offering enhanced governance, credit ratings, and branding benefits

BSE SME platform is set to see 100 IPOs in 2018, according to BSE SME head Ajay Thakur. Last year, 55 SME companies listed on BSE’s SME platform. Investor interest has led to expectations of around 100 SME IPOs this year. Already, 22 companies have secured BSE’s approval, with 19 more awaiting approval. Funds raised will support business expansion, working capital, and general corporate purposes. These companies span sectors like logistics, media, automotive components, pharma, infrastructure, and hospitality. Many firms are from Gujarat and Maharashtra. Key benefits of listing on the SME platform include governance structures, improved credit rating, easier finances, and enhanced branding. Launched in March 2012, BSE’s SME platform has listed 224 companies, with 44 migrating to the main board. Currently, there are 180 companies listed, raising Rs 1,834 crore in total.