It is early days, but India has more than a million companies that potentially require capital.
SMEs create more jobs; so there is always the comfort that most of the money raised is actually going to companies, and they will use it to expand and create jobs.
I would be surprised if we don’t have 5,000 companies listed in the next few years. Every moment there are 50-60 companies in the pipeline.
One of the issues hindering the growth of SME listing is the worry of promoters that their companies will be taken over. But we hope that these 220 pioneers that are now listed will become role models.
–said Ashishkumar Chauhan, MD of BSE