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    Default BSE's SME Exchange to begin operations from March 13

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    The much-awaited SME Exchange , promoted by the BSE, is set to begin operations from March 13.

    The SME platform from the country's oldest exchange will be inaugurated next Tuesday, an exchange statement said in Mumbai.

    Small corporates will be able to raise capital from the primary markets by way of an initial public offering or private placements and later through rights issues. An IPO can be made through the fixed price method, book building method or a combination of both.

    The markets regulator SEBI had, last September, granted permission to BSE to launch SME Exchange that will offer a platform to small and medium companies to raise funds.

    The SME Exchange, which will function like the AIM of the London bourse, the TSXV of Canada, the GEM of Hong Kong, the Mothers of Japan, the Kosdaq of Korea and the Nasdaq, has been developed after studying the salient features, best practices and the business model of these existing exchanges, according to BSE.

    The market leader NSE and the privately-promoted MCX Exchange are also in the process of launching the same platform for small and medium scale enterprises.

 

 

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