Entrepreneurship in general is the ability to effectively communicate, sell, focus, learn, strategize and upgrade. Alternate Source of Equity Funding comprises of Initial Public Offering (IPO), Small Business Investment Companies, Angel Investors for Equity Financing, Mezzanine Financing, Venture Capital, Royalty Financing. IPO is announced by a company not listed in the stock exchange to raise funds through sale of securities or shares for the first time to public in the primary market. In this regard, World Trade Center Bhubaneswar organized an Entrepreneurship Awareness Session, focusing on Alternate Source of Equity Funding through IPO & listing on Emerge Platform in association with National Stock Exchange (NSE), Association of Industrial Entrepreneurs of Bhubaneswar (AIEBA), State Bank of India, Bhubaneswar and Utkal Chamber of Commerce & Industry Limited.   

The session was a knowledge sharing platform where NSE deliberated on its Emerge listing platform for growing companies to raise Equity capital through IPO & Listing of equity share.  

In addition to that, other necessary facilitation initiatives were discussed to assist the MSMEs/ Start-ups to avail various schemes, learn about financial avenues and manage their enterprise.   

Mr. Prosenjit Pal, Senior Manager-Business Development-Eastern Region, National Stock Exchange ( NSE ) shared a presentation on NSE & its Emerge Platform, SEBI Eligibility as well as NSE Eligibility criterions required for a company to enlist in Emerge Platform. He further spoke about Regulatory Framework like IPO on Emerge, post listing compliance, migration and Investors. He further deliberated on the steps to register on platform, its benefits, value proposition for Issuers, value proposition for Intermediaries, NSE initiatives like Awareness Sessions as well as Tie-up for Strategic Developments. In addition to that, he gave an introduction to NIFTY SME Emerge Index.  

Mr. Rajan Jha, Senior Vice President, Merchant Banking, Hem Securities Ltd. p resented on Equity Funding through IPO for the MSMEs. He further spoke about how SMEs have emerged as critical component of the economy with significant contribution to economic development of the nation.  In addition to that, he spoke about the modern trading technologies and various services offered by Hem Securities.  

Mr. Bijaya Kumar Mohanty, Assistant General Manager (SME), State Bank of India delivered a detailed presentation on Asset Backed Loan, Lease Rental Discounting (LRD) Scheme, Electronic Dealer Finance Schemes, Electronic Vendor Finance Schemes, Surya Shakti Solar Finance, SBI Start-ups Funding etc. He further explicated on Financial Assistance to p roject Proponents for Enhancement of Ethanol Capacity for producing 1 st Generation Ethanol from Feed Stocks.  

Earlier in the session, Mr. Ali Kishore Patnaik, President, AIEBA and Mr. Ashok Kumar Sharda, President – In Charge, UCCIL during their special address spoke about their associations and initiatives undertaken under them to develop entrepreneurship and support MSMEs in their entrepreneurial journey.   

Mrs. Nimeshika Natarajan, Assistant Director, World Trade Center Bhubaneswar proposed the vote of thanks.