Entrepreneurship is the ability and desire to establish, administer and succeed in a start-up venture along with risk entitled to it. IPO or Initial Public Offering is the sale of securities to the public in the primary market and it is the largest source of funds with long or indefinite maturity for the company. An IPO is an important step in the growth of a business and provides a company access to funds through the public capital market. Through IPO process, a private company offers its equity shares to the public for the first time which means that a company raises funds by selling its ownership stake to the general public. IPO helps companies get listed on major stock exchanges and makes them more attractive to potential investors and further helps increase transparency in business dealings.

World Trade Center Bhubaneswar in association with National Stock Exchange, Hem Securities and Orissa Small Scale Industries Association (OSSIA) organized an awareness session on Alternate Source of Equity Funding through IPO & listing on Emerge Platform.

Mr. MD. Sadique Alam, IAS, Director of Industries, Government of Odisha graced the session as the Chief Guest and deliberated on how the state government is obligated to create an Industry friendly ecosystem. He further highlighted the relevance of engaging skilled manpower by the MSMEs for the overall development of the sector.

Mr. Avik Gupta, Senior Manager – Business Development, Eastern Region, NSE Limited delivered a presentation on the structure as well as the properties of NSE. He further deliberated on the Emerge platform of NSE, required criteria for a company for enlist in the Emerge Platform as well as the SEBI Eligibility criteria. He spoke on the Regulatory Framework like IPO on Emerge platform, compliances post listing, migration, investors, step by step procedure to register on the platform, value proposition for issuers, value proposition for intermediaries and an introduction to NIFTY SME Emerge Index.

Mr. Rajan Jha, Senior Vice President, Merchant Banking, Hem Securities presented a detailed presentation on equity funding through IPO for MSMEs, modern tracing technologies and various services offered by Hem Securities.

Earlier in the session, Ms. Nimeshika Natarajan, Assistant Director, World Trade Center Bhubaneswar delivered the opening remarks and spoke about the effective collaborative measures undertaken by the centre for handholding the MSMEs and constructive development of the sector.

The session was followed by a highly interactive Q&A session.

Mr. Deepak Kajaria, President, Orissa Small Scale Industries Association (OSSIA) moderated the session, deliberated about their associations and initiatives undertaken under them to develop entrepreneurship and support MSMEs in their entrepreneurial journey and proposed the vote of thanks.

The session was conducted on 15th March, 2023 at OSSIA Bhawan, Cuttack.