UPDATED 05.28PM IST

Share This
  • UK |
  • India |
  • USA |
  • Canada |
  • Mauritius
  •    info@mayatoday.com
Deepak Dogra
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad

NSE's IISL launches SME Emerge index as 100th firm lists on Emerge platform

  • NSE's IISL launches SME Emerge index as 100th firm lists on Emerge platform

The India Index Services & Products Limited (IISL), an NSE group company, on Monday launched the Nifty SME EMERGE Index that represents 62 per cent of full market capitalisation of all SMEs listed on NSE's SME platform.

The announcement has been made on the day of ANI Integrated ServicesBSE -1.19 % Limited becoming the 100th firm to list on the EMERGE platform. This was the same SME, which received a massive 200 times subscription to its IPO earlier this month.

The base date for the new index is set at December 1, 2016 and base value is 1,000. The index constituents are weighted based on free float market capitalisation and the composition will be reconstituted on a quarterly basis, NSE said.

Mukesh Agarwal, CEO of IISL, said that the index is a well-diversified basket of SMEs spread across 14 sectors. It has "services, IT and consumer goods as top 3 sectors by weight. Since its inception, the index has given 39 per cent return as on November 15. As the number of SMEs listed on the EMERGE platform increases, we will launch more variants of SME indices to meet the needs of various investors,” said Agarwal. A total of 100 SME companies from various sectors like consumer goods, textiles, pharma, fertilisers, among others, have raised more than Rs 1400 crore of capital on the EMERGE platform, using the equity fund raising mechanism.


: November 20, 2017 4:44 pm
Read 243 times

RELATED STORIES

Twitter is part of net neutrality problem, says FCC's Ajit Pai
Twitter is part of net neutrality problem, says FCC's Ajit Pai

Following a letter in which Twitter along with others had asked US Federal Communications Commission

Mytrah Energy to add 500-1,000 MW annually
Mytrah Energy to add 500-1,000 MW annually

Renewable energy company Mytrah plans to add 500 MW to 1,000 MW every year of wind and solar power,

Shopmatic, Godaddy announce strategic alliance for seamless connect
Shopmatic, Godaddy announce strategic alliance for seamless connect

  Singapore-based e-commerce company Shopmatic on Tuesday announced its strategic partners

Lenovo tops Indian tablet market with 94% growth
Lenovo tops Indian tablet market with 94% growth

While the Indian tablet PC market recorded a 4 per cent decline (Year-on-Year) in the third quarter

Indices maintain upward trajectory, gain for 8th consecutive session
Indices maintain upward trajectory, gain for 8th consecutive session

.Continuing with their upward trajectory, the key indices of the Indian equity markets -- the S&

RIL sells stake in US Marcellus shale assets to BKV Chelsea for $126 mn
RIL sells stake in US Marcellus shale assets to BKV Chelsea for $126 mn

Reliance Industries (RIL) on Friday announced that a subsidiary of its Reliance Holding USA has clos

JAM trinity helped government save $10 bn leak: Modi
JAM trinity helped government save $10 bn leak: Modi

Prime Minister Narendra Modi on Thursday said it must be ensured that digital space doesn't beco

Samsung second largest smartphone brand in UK market
Samsung second largest smartphone brand in UK market

While Apple led the UK smartphone market with just over 34 per cent market share despite sales decli

Comment*

Captcha* mayatoday
share on facebook
Advertisement
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner