In an effort to connect the MSME sector in Uttar Pradesh with the capital markets, the National Stock Exchange held an interactive workshop on SME IPOs in Varanasi. The event, held on October 8, 2026, aimed to improve understanding of public capital markets among entrepreneurs, business owners, and finance professionals, while supporting local industrial development.
Highlights
- NSE organized the 'Idea to IPO' SME IPO awareness seminar in Varanasi with the Uttar Pradesh government and Kotak Mahindra Bank.
- The NSE Emerge platform has 764 listed companies that have raised more than Rs. 24,520 crore in capital and have a total market capitalization of approximately Rs. 278,000 crore.
- NSE and the government emphasized their commitment to holding regular awareness sessions to increase stock exchange listings of SMEs in Uttar Pradesh.
This article was translated from the original. Read the original version by our correspondent here.
Workshop focus and participation
According to the National Stock Exchange of India, NSE organized the interactive seminar, titled "Idea to IPO," on SME IPOs in Varanasi in collaboration with the Uttar Pradesh government and Kotak Mahindra Bank. The event was attended by several senior representatives, including Pranjal Yadav, Secretary of the Uttar Pradesh government's MSME and Export Promotion Department; Rohit Anand, Managing Director of UP Small Industries Corporation; Krishnan Iyer, Senior Vice President at NSE; and Nupur Sharma of Kotak Mahindra Bank.The event brought together selected SME entrepreneurs, business owners, finance professionals, and capital market participants from the city. During the program, speakers emphasized that access to public markets gives small and medium-sized enterprises the opportunity to raise capital, enhance visibility, and pursue structured expansion.
Pranjal Yadav said the initiative could help accelerate Varanasi's economic development and represents a step toward establishing the city as a model for industrial growth. Rohit Anand said such seminars help strong companies in local markets understand the process of becoming national brands through the capital markets.
Impact on Uttar Pradesh MSMEs and the capital market
In his keynote address, Krishnan Iyer highlighted NSE's commitment to making capital markets more accessible to small businesses and helping them grow institutionally. Sriram Krishnan, NSE's Chief Business Development Officer, said the NSE Emerge platform enables SMEs to raise capital efficiently and build their profile by listing on the stock exchange.He also said there has been rapid growth in the number of listings from Uttar Pradesh, and such awareness sessions will be held regularly in collaboration with the government to maintain this momentum. The NSE Emerge platform currently has 764 companies listed across various sectors, which have collectively raised more than Rs. 24,520 crore, while their total market capitalization stands at approximately Rs. 278,000 crore.
Our previous report discussed the listing of equity shares of several new companies on NSE from September 30, 2026, and their trading arrangements. It noted that some shares would trade in different series such as ST/EQ/BE, subject to conditions including mandatory demat and Trade for Trade, requiring investors to understand the trading rules in advance.