The National Stock Exchange (NSE) has signed a memorandum of understanding (MoU) with the Uttar Pradesh government to enhance awareness among micro, small, and medium enterprises (MSMEs) about raising capital through public listings. The agreement was formalised on April 17 in Lucknow.
The MoU was exchanged between Raj Kamal, Managing Director of Uttar Pradesh Small Industries Corporation (UPSIC), and Nidhi Maheshwari, Senior Manager at NSE. Under this partnership, NSE will collaborate with the state government to conduct a series of awareness drives, including seminars, MSME camps, road shows, knowledge sessions, and workshops.
These initiatives aim to guide and support MSMEs in accessing equity markets through SME IPOs on the NSE Emerge platform. The exchange will also “handhold companies” through the listing process, providing step-by-step guidance and support.
NSE Emerge is a dedicated platform that allows small and medium enterprises to list their shares and raise capital while gaining greater visibility and credibility in the market.
Speaking about the collaboration, UPSIC’s Raj Kamal stated, “The government has been striving to provide a conducive ecosystem for MSMEs to grow. The NSE Emerge platform gives them access to public capital and increases their visibility and credibility.”
He added that the joint efforts will empower more MSMEs in Uttar Pradesh to explore stock market listings as a viable funding avenue.
