In a significant move to catalyze the growth of Micro, Small, and Medium Enterprises (MSMEs) in Maharashtra, the National Stock Exchange (NSE) has partnered with the Government of Maharashtra through a Memorandum of Understanding (MoU). The agreement aims to raise awareness among MSMEs about fundraising opportunities via Initial Public Offerings (IPOs) using NSE Emerge, the dedicated SME platform of NSE.
The MoU exchange ceremony, held in the presence of Shri Uday Samant, Honorable Minister of Industries, Government of Maharashtra, witnessed the collaboration between Shri Deependra Singh Kushwah, Development Commissioner, Industries, Government of Maharashtra, and Shri Jayesh Taori, Associate Vice President, National Stock Exchange, at Pune. As part of this collaboration, NSE, supported by the Government of Maharashtra, will conduct a series of awareness initiatives, including seminars, MSME camps, knowledge sessions, road shows, and workshops. The objective is to guide corporates across the state in the fundraising process on the NSE Emerge platform and provide essential support during the listing process.
Shri Uday Samant, Honorable Minister of Industries, Government of Maharashtra, expressed, “Today, in order to further strengthen our efforts in supporting MSMEs, we have signed a MOU with the National Stock Exchange to encourage state MSMEs to tap capital markets via the NSE Emerge platform.”
Sriram Krishnan, Chief Business Development Officer, NSE, emphasized the collaborative nature of the MoU, stating, “We shall organize awareness sessions for MSMEs of the state in collaboration with the Government and provide a walk-through of the fund-raising process. We urge the MSMEs in the state to come forward and avail the new source of financing through NSE Emerge.”
As of today, NSE Emerge hosts 424 companies from various sectors, collectively raising over INR 8,836 Cr. The market capitalization of these companies recently surpassed the significant milestone of INR 1,00,000 Cr.
