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May 19, 2023 at 7:29 am in reply to: What challenges do SMEs face when migrating from the SME platform (BSE SME or NSE Emerge) to the mainboard of BSE or NSE? #1332Andrew StrattonParticipant
When SMEs consider migrating from the SME platform (BSE SME or NSE Emerge) to the mainboard of BSE or NSE, they may encounter several challenges. One of the primary challenges is the need to meet regulatory compliance and adhere to corporate governance norms, which can be more rigorous on the mainboard. SMEs must ensure that they have the necessary infrastructure and processes in place to fulfill these requirements.
Another challenge is the financial aspect, as migrating to the mainboard involves higher capitalization and paid-up equity capital thresholds. SMEs need to assess their financial capabilities and ensure they meet the minimum criteria set by the exchanges.
Additionally, there may be concerns related to dilution of equity, increased compliance, and oversight by regulators.
May 3, 2023 at 12:48 pm in reply to: As an SME owner considering getting listed on a public stock exchange, I’m curious to hear from other business owners who have gone through this process. What benefits have you seen since getting listed on an SME platform, and what advice would you have for someone just starting out? #1287Andrew StrattonParticipantThank you so much for the valuable response
March 2, 2023 at 1:12 am in reply to: As a small business owner myself, I’m interested in exploring the impact of fintech platforms on providing affordable and accessible financing to micro, small, and medium-sized enterprises (MSMEs). What have been your experiences using fintech platforms to access financing, and how do you think these platforms can continue to innovate and address the unique challenges faced by MSMEs? #1250Andrew StrattonParticipantAs a small business owner myself, I can relate to the challenges faced by micro, small, and medium-sized enterprises (MSMEs) in accessing financing. It’s heartening to know that fintech platforms are providing better customer service, flexible terms, and speed of funding to MSMEs, as cited by a study report.
I found it interesting that MSMEs are using fintech platforms not only to bail out struggling businesses but also to raise working capital for expansion and growth, as well as lend to individuals or other businesses. It’s great to see that these platforms are offering a variety of assistance to MSMEs during the pandemic, such as waived fees, eased payment plans, insurance or coverage plans, and additional credit facilities. The survey results indicate that fintech services complement, rather than compete with, traditional banking services in ASEAN countries. This is reassuring to know, as increased access to finance through fintech platforms can also encourage MSMEs to engage with traditional banks.
January 16, 2023 at 6:47 am in reply to: Describe the most prominent government programmes and schemes for Singapore’s MSMEs. #1156Andrew StrattonParticipantBelow is an overview of some of the top services, products, and grants Singaporean SMEs can use.
1.SGUnited Internships
2.P-Max Programme
3.Enterprise Development Grant
4.(SFEC) Skills Future Enterprise Credit (SFEC)
5.(PSG) Productivity and Solutions Grant (PSG)
6.Request tax incentives
7.(TBL) Transitional Bridging Loan (TBL)
8.Start Digital Pack
9.(DRB) Digital Resilience Bonus (DRB)
10.MAS-SFA-AMTD FinTech Solidarity GrantJanuary 5, 2023 at 5:19 pm in reply to: To what extent are you familiar with the Nasdaq Growth Market in Dubai? Do they tend to favour small and medium sized enterprises? #1077Andrew StrattonParticipantThe Nasdaq Dubai Growth Market is modelled like other stock exchanges in terms of layout and functionality, but it is governed by regulations that are more accommodating to small and medium-sized enterprises (SMEs). If your firm is interested in taking the initial steps toward becoming public, it may obtain listed on the Growth Market and begin floating shares there (IPO).
Companies from the UAE and all over the world will be able to join the Growth Market. If a company’s valuation is less than $250 million, it will be eligible for listing on the Growth Market. When opposed to the three-year requirement for Nasdaq Dubai’s primary market, the minimum period of operation is much less.December 8, 2022 at 11:30 am in reply to: What are the reasons for Nasdaq First North’s application to join the members of the SME Growth Market? #1044Andrew StrattonParticipantNasdaq First North’s stock markets (in Sweden, Denmark and Finland) are classified as Small and Medium-Sized Enterprise Growth Markets. MiFID II created a new kind of MTF called SME Growth Markets with the intention of making it easier for SMEs to have access to financing. This is just one more way that Nasdaq is trying to enhance the SME markets for the benefit of issuers and shareholders. In addition to the aforementioned benefits, the goal that Nasdaq First North’s new role as a Small and Medium-Sized Growth Market will allow us to:
Help Providing the most of SME listings, boost Nasdaq First North Growth Economy’s international presence and accessibility at the European market,
Inspire global issuers and shareholders, promoting a more vibrant and liquid markets. -
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