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National Stock Exchange and Government of Rajasthan sign MoU to facilitate fund raising for SMEs in the State

National Stock Exchange and Government of Rajasthan sign MoU to facilitate fund raising for SMEs in the State

India’s leading stock exchange, the National Stock Exchange (NSE) and the Government of Rajasthan have signed a Memorandum of Understanding (MoU) to spread awareness amongst MSMEs of the state regarding fund raising via IPO mechanism using NSE Emerge which is the SME platform of NSE.

MOU exchanged, in the presence of between Ajitabh Sharma, IAS, Principal Secretary of Industries, Government of Rajasthan and Dr Harish Ahuja, Senior Vice President, National Stock Exchange, today at Jaipur. As part of the understanding, NSE with the support of the Government of Rajasthan, shall conduct awareness drive through seminars, MSME camps, knowledge sessions, road shows, workshops to guide corporates across the state for fund raising on the NSE Emerge platform and handhold companies in the listing process.

Shri Ajitabh Sharma, IAS, Principal Secretary of Industries, Government of Rajasthan, said: “Under the leadership of Chief Minister of Rajasthan, Bhajan Lal Sharma and under the guidance of Minister of Industries, Govt of Rajasthan, Col Rajyavardhan Singh Rathore, we have been striving to provide a conducive ecosystem for the MSMEs of our state to further grow their businesses and create attractive business model which attracts investment opportunities globally. Today, a step to propel this growth story, we have signed a MOU with the National Stock Exchange to encourage MSMEs from the state of Rajasthan to tap capital markets via the NSE Emerge platform and raise funds via IPO. NSE Emerge as a platform provides an alternate source of investment raising opportunity for growing SMEs. NSE Emerge platform provides MSMEs to access public capital along with an opportunity for enhanced visibility and credibility. As a part of the MOU, Government of Rajasthan and NSE shall jointly conduct awareness sessions and campaigns amongst the MSMEs to better understand the process of listing on the stock exchange and its related benefits.”

Shri Sriram Krishnan, Chief Business Development Officer, NSE said: “Today, Government of Rajasthan and National Stock Exchange have entered in a MoU to collaborate and support the growth of MSMEs via NSE Emerge platform for state MSMEs. NSE Emerge enables SMEs to raise capital in an efficient manner and increase their visibility through listing on the stock exchange. We shall organize awareness sessions for MSMEs of the state in collaboration with the Government and provide a walk-through of the fund-raising process. We urge the MSMEs in the state to come forward and avail the new source of financing through NSE Emerge.”

As on today, 478 companies from various sectors are listed on NSE Emerge platform and have collectively raised over INR 10,830 Cr. The total market capitalisation of these companies is approximately INR 1,45,000 Cr.

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2023. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2023. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

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