KOLKATA - The National Stock Exchange (NSE) has joined forces with the government of West Bengal to promote initial public offering (IPO) education among micro, small, and medium-sized enterprises (MSMEs) through the NSE Emerge platform. This collaboration was formalized with a Memorandum of Understanding (MoU) signed at the Bengal Global Business Summit held today.
The partnership aims to ignite an awareness drive including seminars and various events to help companies grasp the intricacies of listing on NSE Emerge. This initiative is designed to support businesses in exploring capital market growth opportunities and showcasing them on an alternative funding platform tailored for MSMEs in the state.
The agreement was announced during the summit with key figures in attendance, such as Debashish Bandhyapadhya, Dr. H K Dwivedi, Rajesh Pandey, and Sriram Krishnan from NSE. Principal Secretary Rajesh Pandey emphasized the importance of leveraging capital markets for MSME expansion through NSE listings. Meanwhile, Chief Business Development Officer Sriram Krishnan pointed out the benefits of Emerge as a conduit for SME financing and increased market visibility.
Currently, NSE Emerge boasts 396 listed entities with funds raised exceeding INR 7,800 crore and a collective market capitalization surpassing INR 94,000 crore. Notably, 16 enterprises from West Bengal have contributed over INR 224.43 crore to this funding pool. The MoU promises not only educational roadshows but also hands-on sessions to guide West Bengal MSMEs through the process of Emerge listings, potentially expanding their access to growth capital.
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