Many market participants believe that given the kind of oversubscription and listing premium that some SME IPOs have seen, it would not be completely wrong to say that in some cases there is collusion
The SME segment was launched over a decade ago to provide smaller firms easy entry to the listed space. While it has brought more than 850 SMEs to the stock exchanges, certain practices have put it under the regulator's lens, and tighter regulations are in the making - Issue Date: Nov 12, 2023
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