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Ajay thakur
No More Euphoria As Investors Are Becoming Realistic In SME Counter
The number of IPOs on SME Platforms of Exchanges have been declining for some time now. Investors are not showing much of the interest especially in QIB categories. Ditto: HNIs and Retail category investors. Merchant Bankers even after getting the approval want to be fully sure about the success of the public issue and therefore there is delay in opening the issue. It has been also observed that on the day of listing there is huge selling happening which is creating downward pressure on the price of the stocks. Recently few companies got listed at discount to the IPO price and this is further keeping the investors away from the primary market. According to Ajay Thakur, the brain behind BSE SME Exchange, who has now set up his own outfit TGI SME Capital Advisors, “In the first six months of the current calendar year SME Platforms have observed lacklustre performance as response from all categories of investors were lukewarm. However, from last week of June things have started looking up. Most of the SME companies are getting listed at a premium and naturally there is heavy selling on the day of listing. But, the good development is that one is not seeing the euphoria like we saw in 2024. This indicates that Investors are maturing and the expectations are reasonable. Greed is the biggest killer for everyone whether investors or intermediaries or anyone. Intermediaries also need to do proper due diligence before SME companies can tap the capital market.  
Ajay thakur
BSE SME Head Ajay Thakur Puts In His Papers
[the_ad id=”14101″] The man who single-handedly built the BSE SME Platform over the last one decade has put in his papers. A diehard workaholic Ajay Thakur, is responsible for starting and making SME Exchange and Startup Platform successful in India. Today his name has become synonymous with SMEs. Even though BSE is a century old Brand but when it came to promoting the SME platform, the task Thakur was entrusted in 2010, it was not exactly a cakewalk. MSME promoters were not keen to list on this platform. He nearly personally met 35,000 SMEs from all over the country in the last 12 years trying to convince them, created an ecosystem of merchant bankers and other intermediaries before his passion, conviction and dream began to bear fruit.  Today, BSE is the largest and most successful SME Platform in India with 491 companies listed and another 125 companies in the pipeline. These 491 companies have raised an amount of Rs 6,397 crore and have market capitalization of approximately Rs 140,000 crore. Seeing the success of BSE SME even NSE has got into the play. Under Thakur’s leadership, BSE has conducted 2500 physical seminars and 500 webinars across the country to create awareness among SMEs and Start-ups about the benefits of equity funding and listing on the SME and Startup Platforms of BSE.

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”