NSE witnessing flurry of listings in August on SME platform

 National Stock Exchange (NSE), India's largest bourse by value of shares traded, is witnessing a flurry of listings on its SME (small and medium enterprises) platform in August. 

Several companies from Nagpur and Indore got listed on NSEs 'Emerge' and 'Emerge ITP' (institutional trading platform) recently. Nagpur-based Emkay Taps and Cutting Tools (ETCTL) listed on NSE's 'Emerge' platform on August 13. Indore-based Mohini Fibers is listing on NSE's ITP on August 17 taking the count on the platform to 18 companies Stock Market Trading Tips

Indore-based Capco Industries was added to ITP on August 12. ETCTL is the first company from Vidarbha region and eighth company overall to list on 'Emerge' platform. NSE launched the SME platform 'Emerge' in September 2012 while 'Emerge ITP' was launched in December 2013. 

ITP is an exclusive platform for startups and growing companies to list and showcase their performance to their lenders and potential investors without an IPO (initial public offer). The criterion for listing on ITP is that the company should not have been incorporated for more than 10 years. Further, its revenues should be less than Rs 100 crore and paid-up capital must be less than Rs 25 crore Himanshu Tiwari Astrologer

Companies with a post-issue paid up capital of less than Rs 25 crore, a track record of three years, positive cash accruals for two years and positive net worth are eligible for listing on 'Emerge'. 

"The institutional trading platform helps SME companies in enhancing the visibility of the company and creating a market for the company's shares besides increasing public awareness and interest in the company and its products," said Ravi Varanasi, chief, business development, NSE. "It also provides access to additional fund raising, through rights or placement issues," he said Indian stock market astrology prediction