The Economic Times 31 August 2012
National Stock Exchange today issued detailed guidelines for its new trading platform for shares of small and medium enterprises (SMEs), where the first Initial Public Offer by a company would begin on September 4.
As per a circular issued by NSE, all members eligible for its main capital market segment would be eligible to trade on SME platform, named ‘Emerge’, and no separate membership would be required for trading on the new platform. The market timings for its SME Platform would be from 9:15 AM to 3.30 PM in line with the normal market hours.
The NSE would see the first IPO on its SME platform next week when Thejo Engineering would launch its public offer on September 4 to raise up to Rs 21 crore. Four SME companies have already been listed on rival BSE’s SME Exchange.