Bombay Stock Exchange (BSE) and HBF Direct today signed a MoU to promote listing of MSMEs and start-ups across India. HBF Direct Limited is a management consultancy offering advisory services to SMEs and corporates in the areas of corporate finance, legal advisory, etc.
HBF Direct will assist BSE in evaluating SMEs and start-ups for listing on BSE SME and start-ups platform. Both the entities will host joint road shows and events across India for creating awareness to promote listing.
Ajay Thakur, Head – BSE SME & Startups, said, “At a time when small businesses are slowly recovering from the economic impact of Covid-19, equity funding can be of paramount importance. By leveraging existing client base of HBF Direct Ltd, this MoU will help us in reaching out to SMEs and Start-ups across diverse sectors and shall also open up future possibilities of collaborative effort to increase the awareness around benefits of listing amongst SMEs and Start-ups spread across India, thereby enabling more and more businesses to avail benefits of equity financing.”
Shri Sachin Sheoran, CEO, HBF Direct Limited, said, “With businesses becoming more connected and more Companies willing to expand and grow exponentially to meet the demand of time and to keep up in this race of globalization, BSE Ltd and HBF Direct Ltd partnership will bring together deep knowledge and expertise along with years of experience in IPO listing and business consulting to support Startups and SMEs across the country to educate and encourage in becoming a listed company without any hassle. My vision and mission is to get maximum number of Startups and SMEs to be listed on the platform in coming years and support the whole business ecosystem.”
So far over 356 companies have been listed on BSE SME Platform and have raised Rs 3,782.30 crore from the market and total market capitalisation as on December 7, 2021, is Rs 41,758 crore, of which 125 companies have migrated to BSE main board.