: SMEs record higher funds in IPOs than last fiscal year: Finance Minister #FinanceIndia #StockMarketNEWS SMEs record higher funds in IPOs than last fiscal year: Finance Minister New Delhi, 7 Dec (KNN)

@StockMarketNEWS Fri 10 Dec, 2021

Posted in: #FinanceIndia #StockMarketNEWS

SMEs record higher funds in IPOs than last fiscal year: Finance Minister #FinanceIndia #StockMarketNEWS
SMEs record higher funds in IPOs than last fiscal year: Finance Minister New Delhi, 7 Dec (KNN) As of October 2021, 61 companies has raised a total of INR 52, 759 crore, Niramala Sitharaman told Lok Sabha during the ongoing parliamentary session on Monday.

She informed that out of those 61 companies, 34 entities were small and medium enterprises (SMEs), and states that large number of manufacturing and service sector companies are coming up for listing, as published in Mint.

An SME IPO is a way for a privately owned Small and medium enterprises (SME) company to sell its shares to the public for the first time and gets listed at BSE SME or NSE Emerge platform.

Companies with minimum post-issue capital of INR 1 crore and a maximum of INR 25 crore are eligible for SME IPO in India. BSE SME and NSE Emerge platforms allow SME companies to raise funds and get listed at the exchange through an SME IPO.

Retail investors can apply in SME IPOs in India by submitting an online IPO application form through their stockbroker or bank. Brokers offer UPI-based online IPO applications and the banks offer both UPI as well as ASBA IPO applications.

Here is the list of top 10 SME IPO in India 2021 (By Performance):

Source: - Chittorgarh Infotech Pvt Ltd