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- Published: December 5, 2023 18:39
New Delhi: India’s leading stock exchange, the National Stock Exchange (NSE) witnesses One Lakh Crore Market Capitalisation on the NSE Emerge platform for the very first time. Since its inception in 2012, NSE SME platform has acted as a catalyst in providing a viable and sustainable opportunity for growing small and medium enterprises of our country. As on date, 397 companies have listed on NSE Emerge with fundraising of more than 7,800 Crores. The Nifty SME EMERGE Index launched in the year 2017, currently consisting of 166 companies from 19 sectors have shown a CAGR of 39.78% till November 2023, which signifies a notable track record & the growing contribution of SME sector in the overall economic growth of our 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.
Shri Sriram Krishnan, Chief Business Development Officer, NSE said, “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. We at NSE are committed to facilitate fundraising opportunities for upcoming organizations to chart their growth stories and make capital markets more accessible. We urge Indian MSMEs to explore the alternative source of raising capital through NSE Emerge.”
About National Stock Exchange of India Limited (NSE):
About National Stock Exchange of India Limited (NSE): National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2022. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2022.
NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.
For more information, please visit: www.nseindia.com