SME IPOs continue to catch investors' fancy; raise Rs 2,155 cr in FY18
Funds raised through IPOs were meant for business expansion plans, working capital requirements and other general corporate purposes, according to offer documents. A total of 148 companies got listed with initial public offers (IPOs) worth Rs 2,155 crore in the last fiscal compared to 80 firms which tapped the IPO route to garner Rs 810 crore in 2016-17. In 2015-16, as many as 46 firms made debut on SME platforms and raised Rs 303 crore
Gujarat topped the list as a maximum 50 firms from the state listed on SME bourses, followed by Maharashtra (43), Madhya Pradesh (13), Delhi (10), and Telangana and West Bengal (5 each). Image source: Reuters