FICO organized session on “Wealth Creation in MSMEs”
The Federation of Industrial and Commercial Organization (FICO) organized a session on "Wealth Creation in MSMEs" here. Navin Tekwani Vice President Hem Securities Limited (India’s Top Merchant Bankers for MSMEs) was the Key Note Speaker on the occasion. The session was attended by more than 280 Members.
City Air News
Nov 30, 2022 06:25
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Ludhiana, November 30, 2022: The Federation of Industrial and Commercial Organization (FICO) organized a session on "Wealth Creation in MSMEs" here. Navin Tekwani Vice President Hem Securities Limited (India’s Top Merchant Bankers for MSMEs) was the Key Note Speaker on the occasion. The session was attended by more than 280 Members.
Gurmeet Singh Kular, President, FICO in his welcome address said that Ludhiana's MSMEs are not well aware when it comes to wealth generation in form of equity and shares by releasing an IPO.
Rajive Chawla, Chairman, IamSMEofIndia in his introductory speech he set the context about what is MSME IPO, and how the Stock Market works, he further shares the benefits available to an MSME Unit that can raise capital for a small and medium enterprise company. As MSMEs are considerably smaller than other companies, the MSME IPO is smaller in issue size than a regular company's IPO.
Navin Tekwani Vice President Hem Securities Limited said that there are 6.3 Crore MSMEs in India out of which only 47 Lakh are eligible to be listed, whereas only 650 companies have listed their MSME IPOs. He said that MSME companies have the potential to grow into big companies, provided they get adequate capital support. Startups and MSME companies now have the great opportunity to grow into big public listed companies by getting themselves listed on India's premier stock exchanges through MSME-IPO. He said there are huge opportunities for MSMEs to grow exponentially, and shared many success stories of MSMEs.
K.K. Seth Chairman FICO appreciated the speaker and said today's session was an eye-opener for all of us, he said this session has changed our point of view about the MSME IPOs. He congratulated Navin Tekwani for a such enlightening session.
