Merchant banker SKI Capital on Monday mentioned it has collaborated with communication agency PROSE Integrated to faucet over Rs 2,500 crore Indian small and medium enterprises (SME) IPO market. The principal goal of this alliance is to make entrepreneurs and promoters of SMEs in addition to potential traders conscious of this chance, the 2 companies mentioned in a joint assertion.
Earlier this yr, SKI Capital achieved registration from the Sebi for its various funding fund (AIF) targeted on the SME preliminary public choices (IPOs). With a goal corpus of Rs 600 crore, the AIF is particularly targeted on offering SMEs with important capital and strategic assist. SKI Capital’s AIF additionally closed its first and preliminary funding in an SME IPO and filed DRHP (drat crimson herring prospectus) for 2 SME IPOs because the lead supervisor.
PROSE Integrated will present deep area experience to determine potential SMEs and promote SME IPOs by rising consciousness amongst traders throughout India. SME IPOs have seen a report run in 2023. So far this yr, 91 firms have raised shut to Rs 2,327 crore by means of their maiden choices on the SME platforms of the BSE and the National Stock Exchange (NSE).
In calendar yr 2022, as many as 109 SME IPOs raised a complete of Rs 1,874 crore as compared to the gathering of Rs 746 crore by 59 IPOs in 2021.
(This story has not been edited by News18 workers and is printed from a syndicated information company feed – PTI)
