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SME companies listed on NSE Emerge platform cross Rs. 1,00,000 Crore Market Capitalisation mark

06 December 20234 mins read by Angel One
Currently comprising 166 companies from 19 sectors, this index has exhibited a commendable Compound Annual Growth Rate (CAGR) of 39.78% till November 2023
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In a landmark achievement, the National Stock Exchange (NSE) recently celebrated the crossing of the One Lakh Crore mark in market capitalization on its NSE Emerge platform. This noteworthy event underscores the pivotal role played by the platform in nurturing the growth of small and medium enterprises (SMEs) since its inception in 2012.

Catalyst for Growth: NSE SME Platform

The NSE SME platform has been a game-changer, acting as a catalyst for providing viable and sustainable opportunities for burgeoning enterprises. Since its establishment, 397 companies have successfully listed on NSE Emerge, raising an impressive fund total of over 7,800 Crores. This highlights the platform’s instrumental role in fueling the growth ambitions of SMEs across the country.

Nifty SME EMERGE Index: A Testament to Success

The introduction of the Nifty SME EMERGE Index in 2017 marked a significant development. Currently comprising 166 companies from 19 sectors, this index has exhibited a commendable Compound Annual Growth Rate (CAGR) of 39.78% till November 2023. This not only showcases a remarkable track record but also underscores the growing contribution of the SME sector to the overall economic growth of the nation.

Strengthening Criteria: NSE Emerge’s Commitment to Quality

In a strategic move earlier this year, NSE strengthened its criteria for the migration of SME-listed companies to its mainboard platform. This initiative aimed to promote higher quality companies, providing them with a broader learning curve of regulatory compliances. Presently, 138 companies have successfully migrated to the NSE mainboard platform, reflecting a commitment to nurturing businesses with a long-term vision and sustainable practices.

Reflecting on the Journey: NSE Emerge’s Transformative Impact

The evolution of NSE Emerge mirrors the transformative journey of India’s SME sector. Beyond merely facilitating capital infusion, the platform has played a pivotal role in elevating the status of SMEs in the broader financial ecosystem. The success stories of companies listed on NSE Emerge serve as testimonials to the power of strategic financial inclusion in propelling the nation towards sustainable economic growth.

One Lakh Crore Milestone: More Than a Number

The recent One Lakh Crore Market Capitalisation milestone on the NSE Emerge platform is not just a numerical feat. It symbolizes a triumph of resilience, determination, and the unwavering spirit of India’s small and medium enterprises. As we witness this remarkable journey unfold, it becomes clear that NSE Emerge is not just a platform; it is a dynamic force shaping the economic narrative of a thriving nation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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