India SME Expands Its Fintech Portfolio with ₹ 60 Cr Investment in KreditBee. KreditBee is a platform facilitating the loan transactions between the borrowers and the NBFCs/Banks.
The United Nations commemorates 27th June as World
Micro, Small and Medium Enterprises (MSMEs) Day. MSMEs continue to be heavily
impacted by the COVID-19 pandemic. Some firms have been able to do well by
stepping up to supply pandemic response goods, including Personal Protective
Equipment, pharmaceuticals and lower cost medical devices, and services,
particularly digital services. Most firms have been able to cushion the adverse
impacts by going virtual and accelerating their transition to e-commerce. Nevertheless,
across the board, MSMEs are reeling under the pandemic with widespread losses
in terms of sales, profits and employment.
UNIDO conducted survey with India SME Forum during April-May 2021 a firm level survey, completed by 438 Indian firms. 61% of respondents reported declined sales, against 14% reporting increased sales. 38% reported declines in sales by 50% or more, or in other words, one in three firms reportedly had lost at least half of its sales. The picture on profits is near identical, 51% reports a decline in profits against 8% reporting an increase. 33% reported a decrease in profits by 50% or more, or more, or again, one in three firms reportedly had lost at least half of its profits.
During, the half year ended June 30, 2021, the total 180.16 Crore raised through SME IPO and total 17 Companies were listed. Out of these 17 companies, 5 companies listed on NSE Emerge Platform, 9 companies listed on BSE SME Platform and 3 companies listed on BSE Start-Up Platform.
Merchant Banker and Market Maker
Total SME Companies Listed
Detailed Report on SME Initial Public Offer (IPO) for June, 2021
State Wise Fund Raise Through SME IPO as on June 30, 2021
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