As per the latest data of PRIME Database, a primary market tracker in the country, this financial year that is April 1st 2019 to March 31st 2020 is likely to be the second best year for share sales of small and medium enterprises (SMEs).
The primary market tracker’s report also said that that the SME platforms have seen 106 offerings mop up of about ₹ 1,620 crores. As per news sources, this is higher than the amount raised in any other fiscal year except fiscal year 2018, when the amount mopped up touched about ₹ 2,200 crores.
Reports also say that until now, 466 SMEs have listed on the bourses and they have together garnered over ₹ 5,500 crores.
It also reported by PRIME Database that, Sirca Paints India and Manorama Industries were the biggest offers in fiscal year 2019, with an issue size of ₹ 74 crore and ₹ 60 crore respectively.