Mumbai– In a bid to support the small and medium enterprises (SME), BSE has decided to bring down its annual listing fee on the BSE SME platform by 25 per cent.

The revised listing fee structure will be applicable for the existing companies as well as for all the firms awaiting to be listed on the exchange, said a statement

Ajay Thakur, Head of BSE SME & Startups said: “Currently India is going through an unprecedented crisis caused by pandemic Covid 19. In these challenging times, it is our responsibility to support the SMEs. We hope that these measures along with the bold steps taken by the government will help in reviving the SMEs and also encourage thousands of SMEs to go for listing.”

BSE became the first exchange to launch an SME platform in 2012 that helped SMEs raise funds through dilution of their equity. Overall, there are 322 companies listed on BSE SME Platform and 79 companies, which have migrated to the main board.

The 322 companies have raised Rs 3,278.84 crore from the market and total market capitalisation of these companies as on May 17, 2020 is Rs 15,865.39 crore, the statement said. (IANS)