BSE signed a MoU with HBF Direct Ltd, so that it can encourage listing of MSMEs across India. Through this HBF Direct Ltd shall assist BSE where it can evaluate SMEs and also refer curated ones for listing on the platform. Also, they will host joint road shows and events across India for creating awareness and to promote this. This pact was signed to encourage and promote listing of small and medium enterprises(SMEs) and startups across India.

BSE was the first stock exchange to get the approval from SEBI and had launched its SME platform in March 2012. So far 356 companies listed on BSE SME Platform have raised Rs 3782.30 crore from the market and total market capitalization of 356 companies generating Rs 41,758 crore, out of which 125 companies have migrated to BSE Main Board.

While, HBF Direct is a management consultancy company and offers advisory services to SMEs and corporates in the areas of corporate, finance & legal, fundraising and IPO advisory.

Ajay Thakur, Head BSE SME & Startups, said, “At a time when small businesses are slowly recovering from the economic impact of Covid-19, equity funding can be of great importance. By leveraging existing client base of HBF Direct Ltd, this MoU will bring in reaching out to SMEs and startups across diverse sectors and shall open up future possibilities of collaborative effort to increase the awareness around benefits of listing amongst SMEs and Startups."