In a significant move aimed at fostering the growth of small and medium-sized enterprises (SMEs) in Rajasthan, the National Stock Exchange (NSE) and the Government of Rajasthan have signed a Memorandum of Understanding (MoU).
This partnership is designed to enhance awareness among MSMEs about fundraising opportunities through the IPO mechanism on NSE Emerge, the NSE’s dedicated platform for SMEs.
The MoU was officially exchanged between Shri Ajitabh Sharma, IAS, Principal Secretary of Industries for the Government of Rajasthan, and Dr. Harish Ahuja, Senior Vice President of the National Stock Exchange, during a ceremony held in Jaipur.
Under this agreement, NSE, with the backing of the Government of Rajasthan, will spearhead a series of initiatives aimed at educating and assisting MSMEs in the state.
These initiatives will include seminars, MSME camps, knowledge sessions, roadshows, and workshops, all designed to guide companies through the process of raising funds on the NSE Emerge platform and ensuring a smooth listing process.
Shri Ajitabh Sharma emphasized the state’s commitment to creating a supportive ecosystem for MSMEs.
He noted that under the leadership of the Honorable Chief Minister Shri Bhajan Lal Sharma and Minister of Industries Col Rajyavardhan Singh Rathore, Rajasthan is dedicated to fostering an environment that enables MSMEs to thrive.
This MoU with NSE is a pivotal step in encouraging MSMEs to leverage capital markets via NSE Emerge, providing an alternative avenue for investment and growth.
Shri Sriram Krishnan, Chief Business Development Officer of NSE, underscored the benefits of this collaboration. He highlighted that NSE Emerge empowers SMEs to efficiently raise capital and enhance their visibility through stock exchange listing.
Together with the Government of Rajasthan, NSE will conduct comprehensive awareness sessions and guide MSMEs through the fundraising process.
Shri Krishnan encouraged MSMEs across the state to take advantage of this opportunity, emphasizing that this new source of financing could significantly boost their growth prospects.
To date, 480 companies across various sectors have successfully listed on NSE Emerge, raising over INR 10,950 Cr. These companies collectively hold a market capitalization of approximately INR 1,45,000 Cr, underscoring the platform’s efficacy and reach.
The National Stock Exchange of India (NSE), established in 1994, is the world’s largest derivatives exchange by trading volume and ranks third globally in cash equities trading. NSE has consistently led the Indian stock exchange market in terms of total and average daily turnover for equity shares.
For more information, please visit: www.nseindia.com.
