Market cap of SME companies listed on NSE Emerge platform crosses Rs 1-lakh crore mark
investor frenzy not only for stocks in the main board but also in the SME segment, the market capitalisation of companies listed on the NSE Emerge platform has crossed the Rs 1 lakh crore mark.
As on date, 397 companies are listed on NSE Emerge, with a fundraising of more than Rs 7,800 crore.
The Nifty SME EMERGE index launched in 2017, consisting of 166 companies from 19 sectors, has shown a CAGR of around 40% till November. This signifies a notable track record and the growing contribution of the SME sector in the overall economic growth of the country.
Earlier this year, NSE had strengthened its NSE Emerge criteria on migration of SME-listed companies on its mainboard platform to promote higher quality companies with a wider learning curve of regulatory compliances.
Currently, 138 companies have migrated to the NSE mainboard platform.
“NSE Emerge listed companies crossing one lakh crore market capitalisation is a significant milestone. This showcases the hidden potential of Indian MSMEs that have been the driving force of our country’s economic growth,” Sriram Krishnan, chief business development officer, NSE, was quoted as saying in the release.
