New Delhi, Feb 28 || Nearly 360 companies have migrated from the SME platforms of the NSE and BSE to the mainboard exchanges, reflecting the growing maturity of India’s small and medium enterprises, a new report said on Saturday.
The data compiled by B2K analytics said that 199 companies from the BSE SME platform and 158 companies from the NSE Emerge platform are now listed on the mainboards.
Migration refers to the process through which a company shifts its securities from the SME exchange to the mainboard of the stock exchanges, allowing it to access a wider pool of investors and greater market visibility.
Ritaban Basu, CEO of B2K Analytics, said that one of the key advantages of moving to the mainboard is improved access to capital from both retail and institutional investors.
“Access to a larger capital pool aside, the enhanced reputation allows access to better talent. Further, adherence to stricter regulations enhances valuations, while the liquidity from being listed on the mainboard gives investors an easier exit from the venture,” Basu mentioned.
To qualify for migration, SME-listed companies must meet certain criteria related to market capitalisation, profitability, shareholding pattern and compliance standards.