Which are the top states in emerging business listing: Check NSE data
NSE Emerge is the platform for emerging businesses to raise equity capital from the market. Therefore, the activity in this platform is a crucial indicator of the level of entrepreneurship in various states.
Kolkata: Entrepreneurship is one of the pillars on which the policymakers want to build India as a developed nation. One of the significant signals of entrepreneurship is the amount of equity capital raised from the public by small and medium enterprises. NSE Emerge is the platform from which such companies raise capital for their businesses.
According to data released by NSE (National Stock Exchange), Maharashtra, the state with the most financial and economic activity on the country, tops the list of states terms of IPOs launched by SMEs. But which are the other states? How many IPOs were floated by companies based in them? How much money did they raise from NSE Emerge since 2012, when the platform was set up? And how have they fared in the market ie, what has been their market cap? NSE has provided all the relevant data. Let's have a look.
Top states in terms of NSE Emerge issues since 2012
The following states are among the most active in terms of small and medium companies in terms of IPOs floated on NSE Emerge from the inception of the platform ie, 2012. The market cap figures are as on May 31, 2025. Incidentally, cumulatively 619 companies have raised money through IPOs in this platform. The total amount was Rs 17,245 crore and the market cap of these shares has been recorded as Rs 2,01,930 crore.
Maharashtra: 179 listings; Rs 4,814 cr raised; Rs 48,728 cr m-cap
Gujarat: 162 listings; Rs 3,893 cr raised; Rs 44,972 cr m-cap
NCT of Delhi: 83; Rs 2,841 cr raised; Rs 39,825 cr m-cap
Tamil Nadu: 20; Rs 950 cr raised; Rs 8,360 cr m-cap
West Bengal: 33; Rs 884 cr raised; Rs 8,348 cr m-cap
Rajasthan: 30; Rs 814 cr raised; Rs 12,591 cr m-cap
Madhya Pradesh: 28; Rs 677 cr raised; Rs 12,417 cr m-cap
Karnataka: 14; Rs 533 cr raised; Rs 4,309 cr m-cap
Telangana: 17: Rs 417 cr raised; Rs 2,067 3,828 cr m-cap
Haryana: 14; Rs 412 cr raised; Rs 3,828 cr m-cap
Others: 39; Rs 1,010 cr raised, Rs 16,486 cr m-cap
Disclaimer: (Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)