SME Platform

2017 saw 105 companies launch their IPOs

Close to three dozen companies will launch their IPOs over the next four-six months.

Norrwin Consulting offers full consultancy services for Fund Raising for SME's through IPO route in both NSE & BSE Exchanges.

The buoyancy in initial public offerings (IPOs) doesn't seem to be confined to the big issues, as the small and medium enterprises (SMEs), too, have a seen a record run in 2017. According to data compiled from the stock exchanges, 2017 saw 105 companies launch their IPOs on the SME platform to raise a total of Rs 1,267 crore (Rs 12.67 billion). The amount raised so far, this year is roughly equal to the combined amount raised on the platform since its inception four years ago.

Improving investor confidence on the SME segment along with overall buoyancy in the primary markets has led to this sharp increase.

Investment bankers expect this upbeat mood in the SME space to continue.

Close to three dozen companies will launch their IPOs over the next four-six months.

The new issuances will be from diverse sectors ranging from pharma, media and retail.

"SME platform offers a unique opportunity for the smaller companies to list. Easier regulations have made the framework flexible and reduced the compliance burden.

The confidence of investors in the platform is also increasing thanks to some high-quality issues we saw in the segment.

The pipeline also looks solid as we are expecting issues worth Rs 500 crore in the next six months.

The stock exchanges had launched the SME platform in 2012 to cater to the smaller business houses which cannot fulfil the requirements for floating a regular IPO.

While 173 companies are listed on the BSE SME platform, on the NSE Emerge platform, 95 companies are listed.

Market regulator Securities and Exchange Board of India (Sebi) had come up with special relaxations for the SMEs to encourage their listing.

SME companies file earning results once in six months as against once in three months by the main-board companies.

To float an IPO, they needn't meet the three-year profitability clause. Unlike a company listing on the main-board, stock exchanges approve the offer documents filed by SMEs.

After listing on the SME platform, the companies also have an opportunity to shift to the main-board. Till date, 34 companies in the BSE SME platform have migrated to the main-board.

Private Equity

Our investment philosophy at Norrwin Consulting is to pursue transactions with leaders or potential leaders in their respective markets and pursue a clear proposition for value creation. While managing PE investments, we are involved in reorganizing, restructuring and re-strategizing the companies thereby ensuring enhanced value for our investors.

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1. Education
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3. Real Estate Development
4. Power Sector
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