India’s IPO market roared in September, with mainboard listings hitting a three-decade high of 25 and SMEs clocking a record 53 issues
After a four-year dream run, the BSE SME IPO Index faces a reality check in 2025 as volatility, weak fundamentals, and muted listings test investor appetite
While credit demand from corporates has already been sluggish over the past two quarters, bankers say the new trade headwinds could further delay recovery in the segment.
Securities listed on NSE SME Platform should have been listed on the platform for at least 3 years to become eligible for migration, says NSE
NSE and BSE to act as backups for each other in case of major outage from today.
SEBI’s new rules for SME IPOs aim to improve listing quality and protect investors amid a surge in smaller company offerings. While these measures introduce stricter norms, they may also limit growth opportunities and deter retail participation.
The SME IPO rally has lost steam, with the BSE SME IPO Index dropping 30 percent from its peak as market corrections hit overvalued stocks.
Russian President Vladimir Putin praised India for creating stable conditions for small and medium-sized enterprises (SMEs), drawing a comparison between India’s "Make in India" initiative and Russia’s import substitution programme. Putin expressed Russia's interest in establishing manufacturing facilities in India and emphasized the profitability of investing there. He highlighted the success of Russian brands replacing Western ones in sectors like consumer goods, IT, high-tech, and agriculture. Putin also stressed the importance of stronger Brics cooperation to support SME growth and called for member nations to evaluate key collaboration areas at the upcoming Brics summit in Brazil next year.
With a total fund size of Rs 1,000 crore, the fund aims to unlock untapped opportunities within the SME sector
Among the emerging hotspots, Noida was at the top in terms of highest number of IPOs from non-metro locations with 11 SME IPOs this year. It is followed by Thane in Maharashtra with nine IPOs and Jaipur with eight.
Low float, small market capitalisation, and increasing investors’ interests have fuelled the ‘irrational exuberance’ that are being felt in several areas of the SME segment, analysts say.
The shift for SME’s to online platforms is not just a significant driver of employment, it has also enabled small sellers to expand their business, increase market presence, and compete with big companies
This enthusiasm for SME IPOs is not new. The chart below illustrates the SME IPO index's surge, rising from 24,184 at the start of 2023 to its current level of 113,056—a gain of over 4.5 times in less than 20 months
A week ago, the company announced the record date for a stock split, with shareholders set to get five shares for every one they own.
According to persons familiar with the development, the capital market watchdog has told the bourses to enhance the level of due diligence done while vetting these documents even if it leads to a slowdown in terms of the pace of approvals for SME IPOs.
At present, the mandated turnover limits are set at Rs 25 crore for companies in six regulated sectors and Rs 35 crore for those in 33 unregulated sectors
In the 53rd GST council meet held on Saturday, the government decided to exempt both penalty and interest provided they pay the principal tax demand by March 31, 2025
A series of successful issues in the broader market and strong post-listing performances have rekindled interest in the main board primary market
The regulator, the Securities and Exchange Board of India (SEBI), is considering raising the minimum size of such public offers to 300 million-500 million Indian rupees ($3.59 million-$5.99 million), said the two sources who are directly familiar with the discussions.
Industrialist Harsh Goenka caused a mini flutter when he alleged share price manipulation by promoters in collusion with brokers. Is there merit in his allegations?
The MD and CIO of Avendus Wealth Management says HNIs have not been entering the SME space meaningfully because of bad experiences earlier
Despite a promising landscape for SME IPOs in FY24, a cloud of uncertainty looms over the horizon, particularly due to the possibility of SEBI enforcing more stringent regulations on trading and fundraising.
While large multinational companies have been setting up GCCs in India, smaller firms following them is an indication of how technology has become core to these firms
Indian policy for SMEs is broad brush and not specifically designed to enable manufacturing SMEs thrive. The government must build in incentives to help SMEs compete globally on products and also resolve some challenges
Shares of Shree Marutinandan Tubes Ltd listed at 46 percent premium after its initial public offering subscribed over 47 times last week.