A study to understand the process of listing of SME on stock exchange
Keywords:
Financing, IPOAbstract
SME Exchange and NSE Emerge are two of the most talked-about stock exchanges right now because they provide small and medium-sized businesses access to a unified funding platform. Chapter XA of the Regulations of the Securities and Exchange Board of India deals with the issuance of capital and the disclosure requirements for such capital. The Main Board is not considered a SME exchange, but rather any other trading platform of a recognized stock exchange or specialized exchange that has been granted permission by SEBI to list securities issued in line with Chapter XA of SEBI (ICDR) Regulations (which is in turn is defined as a recognized stock exchange having nationwide trading terminals, other than SME exchange). If a company is too small or medium-sized to be listed on the major stock markets, it may turn to the SME exchange, which is only devoted to trading the shares of these companies. This paper uses secondary data to analyze BSE SME Exchange's performance during fiscal years 2012–13 and 2018–19. Benefiting from an IPO financing market is a huge step forward for small and medium-sized enterprises listed on the SME Exchange.
References
Kulkarni, P., & Chirputkar, A. V. (2014). Impact of SME Listing on Capital Structure Decisions. Procedia Economics and Finance, 11(November), 431–444. https://doi.org/10.1016/s2212-5671(14)00210-x
Mandali, S. P. (2015). R . A . Podar College of Commerce and Economics Celebrating 75 years of Excellence AN INITIATIVE SUPPORTED BY THE P . J . FOUNDATION , BOMBAY STOCK EXCHANGE – S . P . Mandali ’ s R . A . Podar College of Commerce and Economics Celebrating 75 years of Exce.
Sharma, A., & Gupta, P. (2018). Sme Financing: IPO ISSUE AND POST-IPO ANALYSIS. Effulgence-A Management Journal, 16(Spl1), 01. https://doi.org/10.33601/effulgence.rdias/v16/ispl1/2018/article0.8
Tripathi, A. R., Pradhan, G. P., & Pandey, S. N. (2017). SME IPOs in Indian Capital Market. SCMS
Journal of Indian Management, 14(3), 44–53. http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=125470366&site=ehost-live&scope=site
(2015). New Approaches to SME and Entrepreneurship Financing. New Approaches to SME and Entrepreneurship Financing. https://doi.org/10.1787/9789264240957-en
