MUMBAI: The Bombay Stock Exchange (BSE) today launched an SME index that aims at tracking the current primary market conditions in the Indian capital market and measure the growth in investors’ wealth over a period.
The index will be constituted by SMEs listed on the BSE SME platform. So far, there are 11 companies listed on the SME platform and this index will have features similar to the BSE IPO index.
This index will help to track and measure the growth of the companies over a period. Through this, the authorities can recognise the viability of the company.
“And based on the report, people can invest in these companies, which will not only help the organisations to grow their businesses but also create employment,” Minister of State (Independent Charge) Ministry of Micro Small and Medium Enterprises K H Muniyappa said here at the launch of the index.