New Delhi: Spurred by investor interest, 50 small and medium enterprises (SMEs) raised Rs660 crore through initial public offers (IPOs) in January-June 2017, which was more than three times the funds raised in the year-ago period. “Governance structures, improved credit rating, reduced finance cost, easy finances and branding are some of the key benefits for listing on SME platform. “Besides, valuation has helped listed SMEs to achieve speedy growth in systematic manner at early stage of their business life cycle,” Pantomath Group managing director Mahavir Lunawat said. Further, average issue size doubled to Rs13.2 crore in the first six months of this year from Rs7.82 crore in January-June 2016. “This patronage of emerging companies for SME platforms, is quite healthy and constructive trend, defying the notion that SME platforms are conduits for easy main frame entry.

Source: Mint July 16, 2017 06:45 UTC