MUMBAI: The new institutional trading platform created for small and medium enterprises (SMEs) to list their shares without coming out with an initial public offers (IPO) has picked up momentum with as many as 34 companies tapping this route till date in the last one year.
The concept, which was first proposed in Union Budget 2013, and later implemented by the stock exchanges is now being used by SMEs and start-ups belonging to diverse sectors.
On Thursday, Gujarat-based MIG Neurons Ltd became the 14th company to list on the NSE’s EMERGE-ITP, a platform created for SMEs.On the BSE, there are a total of 20 companies listed on its institutional trading platform. The institutional trading platform is a regulated market place. It allows start-ups to list without an IPO and offers an exit options to early stage investors like angel investors, venture capital funds and private equity funds among others.
