SME IPOs raise Rs 811 crore in fiscal 2017
Friday, April 14, 2017, 7:11 PM
Small and medium enterprises (SMEs) raised a staggering Rs 811 crore through initial public offerings in 2016-17, more than two-fold jump from the preceding fiscal. The huge fund-raising can be attributed to reforms and initiatives taken by the government to encourage the SME sector. Funds raised through the issue were used for business expansion plans, working capital requirements and other general corporate purposes.