NSE Emerge, which was set up in 2012 to offer an alternative platform for SMEs and tech startups for raising capital has become popular among entrepreneurs over the past 12 years. Till May 2024, a total of 476 companies have raised Rs 10,703 crore from this platform. The market cap of these companies stood at 1,44,011 crore according to recent data published by the NSE.
In a sense, it is also an index of entrepreneurship in India. But do you know which are the top states where the companies raising capital from NSE Emerge are based?
Maharashtra at 1, Gujarat at 2
Maharashtra leads the list of states accounting for 139, or 29.2% of the total 476 companies listed on the platform. Gujarat comes a close second with 131 (27.5%).
All the other states are way behind the first two.
Delhi and the rest
Delhi accounts for 52 companies. The other top states are Madhya Pradesh (23), West Bengal (21), Rajasthan (20), Tamil Nadu and Telangana (14 each), Karnataka and Haryana (12 each).
All the other states in the country accounted for 38 companies.
Equity raised, market cap
Maharashtra is also the number one state in two other parameters – capital raised and market cap – as well. Firms based in Maharashtra have raised a total of Rs 3,047 crore, or 28.46% of the total capital raised through this platform. At the end of May 2024, these companies commanded a market cap of Rs 36,721 crore which was 25.49% of the total market value of all the companies.
On these two scores, too, Gujarat was close to the leader. Companies based in this state raised a total of Rs 2,730 crore (25.50%) equity capital and enjoyed a cumulative market cap of Rs 33,055 crore which was 22.95% of the total market cap of Rs 144,011 crore.
Delhi-based companies accounted for Rs 1,448 crore (or 13.52%) of the capital raised and Rs 25,365 core of the cumulative market cap which was 17.61% of the total market cap of all the listed companies.
The other states on these parameters were as follows: Companies of Madhya Pradesh raised Rs 489 crore equity and their market cap stood at Rs 11,377 crore in May 2024.
West Bengal (Rs 349 crore and Rs 4,401 crore), Rajasthan (Rs 252 crore and Rs 6,870 crore), Tamil Nadu (Rs 532 crore and Rs 6,968 crore), Telangana (Rs 294 crore and Rs 1,820 crore), Karnataka (Rs 369 crore and Rs 2,761 crore) and Haryana (Rs 201 crore and Rs 2,226 crore).
Companies based in all the other states cumulatively raised Rs 993 crore equity capital from NSE Emerge, the value of which rose to Rs 12,448 crore at the end of May 2024.
NSE Emerge is a platform used by emerging businesses to raise equity capital. These companies, mostly SMEs and tech startups, have the potential to unlock value and emerge on a bigger stage. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
