Hotline: 1800 102 2007
X
Search Business Opportunities
2012-12-13

BSE to launch SME Index on Dec 14

The country's biggest bourse BSE is set to launch the first-ever SME Index on December 14, a top exchange official said.

 

The country's biggest bourse BSE is set to launch the first-ever SME Index on December 14, a top exchange official said.

"We are launching SME Index on December 14," BSE's MD and CEO Ashishkumar Chauhan told reporters on the sidelines of a capital market conference.

Currently, BSE has 11 SME companies listed on its platform, while the National Stock Exchange (NSE) has one.

BSE currently has 28 indices, which include six broad- based indices, two thematic, four investment strategy, 13 sectoral and three volatility indices. Out of these, BSE Sensex and BSE 100 are available for trading in the derivatives segment.

The SME companies are doing well and have started giving reasonable returns, Chauhan said.

He also said that the exchange is likely to sell shares in an initial public offering in the middle of the next fiscal year.

The exchange has hired 14 banks to manage the proposed IPO, Chauhan said, but declined to identify the investment banks.

Founded in 1875, BSE has long considered an IPO. India's capital markets regulator Sebi in April approved the listing of local stock exchanges, subject to some conditions.

Related opportunities
  • Beauty Salons
    About Us: Started in 1997, Carlos Conde is Spain’s fastest growing..
    Locations looking for expansion New delhi
    Establishment year 2004
    Franchising Launch Date 2015
    Investment size Rs. 50lac - 1 Cr.
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi New delhi
  • Tea and Coffee Chain
    About Dr. Bubbles: Dr. Bubbles is one of the few dedicated..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Quick Service Restaurants
    About: Drifters Café started out of love for travelling. Strive to..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Entertainment & Leisure
    About Us: Color Me Mine is the leader in the contemporary..
    Locations looking for expansion Telangana
    Establishment year 1991
    Franchising Launch Date 1996
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts