Fundraising through initial public offerings (IPOs) of small and medium enterprises (SMEs) has reached two-thirds of the funds raised in the previous year. As of June 13, 2024, 100 issues worth ₹3,095 crore have hit the market through the SME IPO platform, compared to ₹4,686 crore from 182 issues in 2023.
This marks the highest amount raised in the first six months of a calendar year since the introduction of the SME option.
Retail enthusiasm, buoyed by strong after-listing performance, is the primary driver behind robust fundraising in the SME segment. Initially, high networth individuals (HNIS) and savvy investors shifted their focus to SME IPOs due to their robust returns.
The BSE SME IPO, which tracks the stock prices of companies listed on the BSE's SME platform, rose by 79.6 per cent in 2024, 96 per cent in 2023, and 42 per cent in 2022.
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