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LANDMARK LISTINGS
BW Businessworld
|February 10, 2024
With the mCap of BSE & NSE Emerge listed SMEs crossing the Rs 2 lakh crore mark for the first time, can the Indian SME story fuel it towards Rs 3 lakh crore this year?
THE YEAR GONE by turned out to be a great one for the Indian stock markets in general and for Small and Medium Enterprises (SME) IPOs in particular. A record 179 SME IPOs got listed in 2023 and many were hugely oversubscribed. Top performing SME IPOs included RBM Infracon, Gayatri Rubbers & Chemicals, and many more. Impressive listings were seen in SME IPOs.
Indeed, a large number of SME IPOs in 2023 were substantially oversubscribed, indicating robust investor interest supported by impressive post-listing results. Of the 179 SME IPO listings in 2023, RBM Infracon, Gayatri Rubbers and Chemicals, Remus Pharmaceuticals, Meson Valves India, Exhicon Events Media Solutions, Bondada Engineering, among others, led the table of top performers in terms of gains over their listing price.
RAJEEV GOENKA, CMD, Cool Caps Industries "COOL CAPS' VISIBILITY AND CREDIBILITY HAS IMPROVED POSTIPO"
Performers in 2023
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