SEBI raises concerns over manipulation in SME segment, leading to a 5% fall in S&P BSE SME IPO index. 41 SME stocks, including Atmastco, Inflame Appliances, Srivasavi Adhesive Tapes, and Goyal Salt, witnessed double-digit fall. SEBI may implement disclosures for SME IPOs amidst price manipulation instances.
So far, in 2023, 100 SME firms have raised a record ₹2,600 crore of funds from the SME board, breaking the previous record of ₹2,287 crore raised in 2018 by 141 firms. By contrast, 19 companies have raised around ₹14,500 crore on the main board
A trading platform dedicated to small and medium enterprises (SMEs) is currently witnessing a flood of public offerings on surging demand from rich individual domestic investors with the risk appetite for such small issuances.
In the year 2022, approximately 109 SME firms went public, collectively raising around Rs 1,875 crore through IPOs. By comparison, in 2021, 59 SME firms were listed, raising a total of Rs 746 crore.