BSE SME market-cap exceeds $1b

MUMBAI, Apr 5 (Business Standard): The total value of all companies listed on the BSE's small and medium enterprises (SME) platform - BSE SME - crossed USD 1 billion or Rs 60.20 billion on Friday. Fifty-five companies have been listed on this platform since its inception in March 2012.

"Average market capitalisation per company works out to be more than Rs 1.0 billion per company, which is similar to main Board companies on BSE. As of date, additional 14 companies are in the process of listing on BSE SME Platform," said a statement from the BSE.

The platform has raised a total of Rs 4.88 billion for the SME sector. Of the 55 companies listed, only 19 are actively traded according to data on the BSE SME website.