The launch of BSE’s new platform allowing for startups to list themselves on the country’s leading stock exchange has been postponed. The scheduled launch of the BSE startup platform was to be today, however, the spokesperson for the exchange declined to share any reasons for the delay.
The platform is aimed at facilitating the listing of companies in sectors like IT, ITES, bio-technology and life sciences, 3D printing, space technology and e-commerce. In addition to these, it was also targeting companies in hi-tech defence, drones, nano technologies, artificial intelligence, big data, virtual reality, e-gaming, robotics, genetic engineering and more.
On June 21, a circular was disseminated announcing the BSE startup platform in its SME (small and medium enterprise) segment – in order to provide further incentives to startups. The move is also expected to make the stock market more attractive to startups.
In addition to the criteria required being specified, it was also mentioned that firms looking to disclose and migrate to the main board could do so by regulations applicable to BSE SME segment.