At 23%, Gujarat has 2nd highest SME mcap share | Ahmedabad News – Times of India

SMEM Cap Share

Ahmedabad: MSME hub of the country, of Gujarat Small and medium enterprises (SMEs) have shown a truly remarkable growth over the years.
Tellingly, the state’s SMEs account for 23% – the second highest after Maharashtra – of the India-wide SME market capitalization, stock exchange data shows.

SMEM Cap Share

Of the 397 companies listed on the NSE Emerge platform, around 114 are from the state, with a total market capitalization (mcap) of Rs 23,855 crore as on November 30, comprising 23.67% of the NSE Emerge mcap.
Similarly, out of 464 entities listed on the BSE SME platform, around 136 companies are from Gujarat and have a combined market capitalization of Rs 23,241 crore, which is 24% of the BSE SME mcap of Rs 97,950 crore.
‘SMEs choose IPO for reputation, faster growth’
According to stock market experts, many SMEs are launching IPOs to gain credibility and faster growth.
Ajay Thakur, Head – SME & Startups, BSE India Limited, said, “SMEs from Maharashtra and Gujarat are listed in large numbers as promoters from these states are more aware of equity funding and They raise money through IPOs for faster growth.” Gujarat-based SMEs are increasingly showing interest in raising money through IPOs.
In FY 2023 alone, around 33 companies from Gujarat were listed on SME platforms and this year, the state is expected to surpass this number with more SMEs listing.
“Listing on stock exchanges enables SMEs to raise funds and facilitates business growth through better visibility and reputation,” said Gunjan Choksi, director of a stockbroking firm. And corporate governance has improved. Gujarat is a hub. Equity and SMEs and this combination has led to an increase in SME IPOs.”
Nikhil Shah, director of a brokerage firm, said, “The number of SME IPOs has increased due to attractive pricing. Companies often raise funds for growth and expansion and given the potential of SMEs, participation in IPOs is also high. Is.”

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