This has by far been the best year for the SME platform, started by the country’s two premier bourses about three years ago, to enable small and medium enterprises (SMEs) to list. The National Stock Exchange of India’s (NSE) moribund SME platform finally gained traction this year, with the exchange adding 20 companies, of which five were listed on its Emerge platform through an initial public offering (IPO) and the rest on its Emerge-ITP platform, where companies are listed without an IPO. The exchange now has listed a total of 31 SMEs. BSE, on the other hand, added 38 companies this year, taking its total to 110 companies. In the next few months, the exchange plans to list another 15 SMEs on its platform. “For us, the quality of listing is more important than numbers. From the very beginning we were more interested in building the right ecosystem first,” said Ravi Varanasi, chief, business development, NSE. 

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