SME IPOs

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The first nine months of 2022 have already seen 87 SMEs make their IPOs, earning a total of Rs 1,460 crore

Simpolo group said that it would aim to use the funds to increase the market share and grow penetration in the market, both domestic and international

In the past one month, Jayant Infratech has zoomed 219 per cent from a July 15 level of Rs 87.90

The stock prices of 47 companies that have listed on SME bourses this year are up 32 per cent on average

Garner Rs 746 crore from 59 offerings as risk-on sentiment returns

CY18 was the best for SME IPOs, with 141 offerings garnering Rs 2,287 crore

Average issue size also increased to over Rs 170 million during the period under review from Rs 130 mn in the first quarter of the preceding financial year (2017-18)

The SME platform witnessed 133 offerings, mopping up Rs 16,795 million last year

Spurred by investors' interest, as many as 58 small and medium enterprises (SMEs) got listed on capital markets with IPOs worth record Rs 656 crore in April- September 2017 and many are lined up for the coming months. Besides, more than 18 companies have already announced their issue opening dates, merchant banker Pantomath Group Managing Director Mahavir Lunawat said. Companies from various sectors such as finance, media and entertainment, infrastructure, manufacturing, agriculture, food and processing and IT & IT-enabled services made their way to the IPO space during the period under view. The SME capital market has been witnessing participation from a wider class of investors and the trend is expected to continue. According to a data compiled by Pantomath Research, 58 SMEs garnered Rs 656 crore through their respective initial public offers (IPOs) in April-September period of the current fiscal, much higher than Rs 295 crore raised by 32 companies in the year-ago

Last year, 66 SMEs had raised Rs 540 crore through IPOs

Huge fund-raising can be attributed to reforms and initiatives taken by govt to encourage SME sector