SME capital market remains underscaled, rues Pandey

THE SMALL AND medium enterprises (SME) capital market remains underscaled compared to the country’s potential, Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey said on Wednesday.

- ANJANA THERESE ANTONY

Such entities are still unfamiliar with the market and there is limited access to credible intermediaries such as merchant bankers, Pandey said at the India SME Finance & Investment Summit.“The cost of raising capital via IPOs may also deter many SMEs.”