40% SME companies that migrated to main board now trading in the red Sixty-eight companies that listed on the SME (small and medium enterprises) platforms of the BSE and NSE have migrated to the main boards of these exchanges since 2012.
Of these, nearly two out of five companies are trading in the red over their issue price. Among the losers, eight have lost more than 75 per cent of their value, with Bronze Infra-tech and Edynamics Solutions shedding more than 98 per cent each.
Some investors have been rewarded. Four companies — Suyog Telematics, SRG Housing Finance, Vishal Fabrics and BC Power Controls — have gained above 1,000 per cent over their offer price. Another 30 firms have risen between 108 per cent and 982 per cent.
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