First SME company lists on BSE and NSE

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First SME company lists on BSE and NSE
Small and Medium Enterprise (SME) company, BCB Finance company is the first Indian SME company to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The company got listed on Tuesday and may create a trend for other SME companies to list on the bourses.

The NSE named its platform as EMERGE and anticipates to list about 9-10 companies within 6 months of time. Whereas the BSE SME platform plans to list about 100 companies in 18 months.

The BCB issue opened on February 23 and closed on February 27. The issue had subscribed 1.5 times. The fund raised from the IPO will be used to increase its capital and will used for scaling up its NBFC activities.

BCB is a non banking finance corporation (NBFC), which provides its shareholders with the opportunity to participate in a diverse portfolio of investments and gain access to a defined investment process and the investment experience of the management team.

The shares of the BCB on Wednesday were trading lower by 1.35% at Rs 25.35.

Read more about: sme, bse, nse
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