Kanpur,

07 Jan (HS): National Stock Exchange of India (NSE) in collaboration with

Government of Uttar Pradesh successfully conducted an interactive seminar on

SME IPO – “Karobaar ki Udaan” at Kanpur on Wednesday. The event commenced with

a ceremonial lamp lighting and was graced by several senior dignitaries,

including Ramesh Awasthi, Member of Parliament, Kanpur, Rakesh Sachan, Minister

of MSME, Khadi, Village Industries, Sericulture and Textile, Government of Uttar

Pradesh, Jitendra Pratap Singh, District Magistrate, Kanpur, Raj Kamal Yadav,

Managing Director, UP Small Industries Corporation and K. Vijayendra Pandian,

Commissioner & Director, Industries Department. The event was attended by

selected group of SME promoters as well as finance professionals and capital

market participants from the cities of Lucknow and Kanpur.

Ramesh

Awasthi, Member of Parliament, Kanpur said, “Today, with NSE, we have organized

an engaging workshop through which awareness of public capital markets and SME

IPO was shared with entrepreneurs. This seminar is a unique initiative, being

organized for the first time in Kanpur, and is expected to give a strong boost

to its economic development and is a step towards making it a model city for

industrial growth. Such initiatives underscore our commitment to help SMEs of Uttar

Pradesh scale faster and compete not only nationally but at a global scale.”

Rakesh

Sachan, Minister of MSME, Khadi, Village Industries, Sericulture and Textile,

Government of Uttar Pradesh said, “This initiative has gone a long way to fuel

the rapid expansion and growth of the MSME sector. Many businesses in Kanpur

and UP are leaders in their local markets. Through this seminar, participants

could learn how capital markets help such companies become national brands.”

Ashish

Kumar Chauhan, Managing Director & Chief Executive Officer, NSE, who

delivered the keynote address at the event said, “We have been working closely

with multiple stakeholders to make capital markets more accessible to MSMEs.

This workshop, organised with the support of the Government of Uttar Pradesh,

reflects the policy thrust under the leadership of Prime Minister Narendra Modi

Ji and Chief Minister Yogi Adityanath Ji to build a strong and inclusive

business ecosystem. Cities like Kanpur, with their rich industrial heritage and

entrepreneurial strength, have the potential to produce the next generation of

listed companies. Capital markets provide long-term capital and help businesses

scale and institutionalize.”

NSE

thanked Ramesh Awasthi, Member of Parliament from Kanpur, for his support in

organising the workshop and for his continued efforts to strengthen the

entrepreneurial ecosystem of the region. NSE also acknowledged the contribution

of Achintya Securities for their initiative in organising the event and their

work towards the development of Kanpur, in line with the Viksit Bharat vision

of Prime Minister Narendra Modi Ji. As of today, 705 companies from various

sectors are listed on NSE Emerge platform and have collectively raised over Rs.

21,489 Crs. The total market capitalisation of these companies is approximately

INR 2,27,000 Cr. From Uttar Pradesh, 71 companies - 60 Mainboard companies and

11 SME companies are listed on NSE.

About

National Stock Exchange of India Limited (NSE): National Stock Exchange of

India (NSE) was the first exchange in India to implement electronic or

screen-based trading. It began operations in 1994 and is ranked as the largest

stock exchange in India in terms of total and average daily turnover for equity

shares every year since 1995, based on SEBI data. NSE has a fully integrated

business model comprising exchange listings, trading services, clearing and

settlement services, indices, market data feeds, technology solutions and

financial education offerings. NSE also oversees compliance by trading,

clearing members and listed companies with the rules and regulations of SEBI

and the exchange. NSE is a pioneer in technology and ensures the reliability

and performance of its systems through a culture of innovation and investment

in technology. NSE is the world’s largest derivatives exchange by trading

volume (contracts) as per the statistics maintained by Futures Industry

Association (FIA) for calendar year 2024. NSE is ranked 2nd in the world in

equity segment by number of trades (electronic order book) in 2024, as per the

statistics maintained by World Federation of Exchanges (WFE).

Hindusthan Samachar / Abhishek Awasthi