A new report spotlights a transformative phase for Indian SMEs, as approximately 360 firms have migrated from NSE and BSE’s SME platforms to mainboards, signaling robust sector maturation.
B2K Analytics’ figures show 199 from BSE SME and 158 from NSE Emerge now thriving on mainboards. This upgrade expands their investor networks and market stature significantly.
Mainboard migration relocates shares to primary exchanges, enhancing visibility and capital access. CEO Ritaban Basu of B2K Analytics explained the perks: ‘It opens floodgates to retail and institutional capital, elevates brand equity for talent pulls, ensures better valuations via compliance, and boosts share liquidity for easy trades.’
Qualification hurdles are steep: average market cap above Rs 100 crore, operating profits over Rs 15 crore for three consecutive years (never below Rs 10 crore), plus three years in consistent business with majority core revenues.
Textiles spearhead with 44 migrations, followed by machinery/equipment/components (33) and food/tobacco (29). The sector’s fundraising momentum is equally impressive, leaping from 179 companies and Rs 4,823 crore in 2023 to 268 firms and Rs 12,105 crore now—over 150% growth in two years.
This migration surge positions SMEs as key drivers of India’s capital markets, fostering sustainable growth and investor confidence.