Their views on what is and should be the ultimate dream of every start-up with the focus on creating wealth for every participant involved? Akshit got up early in the morning and looked up towards the clear sky during monsoon. He quickly packed up and went for a morning walk on Marine Drive situated near his rented apartment. He raised $20million from series B round for his startup last week. He is planning to shift into a new home soon. Akshit met his friend Laksh on Marine Drive after 5years and both were excited to share stories of raising funds with each other. This successful event conducted with BSE tells us all about it. He was shocked to hear that Laksh raised $30million funds without going through any funding rounds with investors. Laksh didn’t design pitch decks, 3-year business plan projections;he was never worried about the funding raising and the existing investors. Sarcastically Laksh said, ‘I never ran in a race like you, where my speed was set up in a term sheet i.e. written by me and my investors’. On the other side Laksh expressed joy for Akshit’s achievements. Laksh felt Akshit is a true genius who was able to succeed in every round of raising funds meeting investor expectations.
But that didn’t bring a smile on Akshit’s face. He was impatient to hear from Laksh about whether he could raise $30million without running around investors. Laksh smiled and said, ‘Do you know that you can list your startup on Bombay Stock Exchange?’Akshit was taken aback and said “I am not looking at an IPO exit at an early stage”. Laksh replied, ‘So you still want to run another race of raising funds?’ That’s why I said, ‘You’re a true genius, whereas I am not!’ Laksh opened a new world of fundraising to Akshit. It’s called ‘BSE Startups’, any startup founder can get his business listed once and raise funds forever just like other fortune 500 companies. Akshit was excited and wanted to learn more. That’s when Laksh introduced him to the event organized by CoKaCo & 10000StartupsIndia in association with NMM Securities & The Bombay Stock Exchange.
Introduction of CoKaCo
The idea germinated in the minds of Manisha Mittal, Nikunj Mittal and CA Utsav Agarwal. https://www.linkedin.com/in/ca-utsav-agarwal-a680a37b/). The association within 10000StartupsIndia (founded by Leenesh Singh, https://www.linkedin.com/in/leenesh/) conducted a knowledgeable webinar on “How to get your Startup listed?”. Among the panelists, Mr Ajay Thakur, renowned name in the Startup world from BSEStartups (Head – BSE SME & Startups) explained that How important it is for the startups to get listed on BSE and what are the various benefits of it.
Let us discuss more about the panel members i.e. Mr Pradeep Malu (Mentor of change at NITI Aayog & Startup Mentor), Mr Nikunj Mittal (Director – NNM Securities pvt ltd) & Jay Jain (Group Founder & Director – Astute Group, Indore) shared their valuable thoughts on listing the startup on the BSE and what are the implications and benefits of it.
Life cycle of any startup ends by going public and getting listed. It is the key to unlocking the potential. Going public- involves selling your vision and results. It is going out of the shell.
The goal to create and maximize wealth for every participant involved will come to effect only after listing the startup. Considering the examples of startups-turned-huge market players: Facebook, Uber, Make My Trip, and the latest craze Zoom etc. it all started with them getting listed on the stock exchange. Each of these companies have created wealth in excess of billions dollars and this is what the listing on the exchange platform can do for you. By maximising the stakeholders and increasing the easy access to capital, startup listing on BSE is an innovative and calculative move for the future growth. One of the main benefits to list startups on BSE is that, if your startup is not yet profitable you can start your IPOs and list on it.
List Your Startup On BSE : Read The Eligibility Criteria Below
Start-up listing on BSE is a detailed subject and not many are aware about it and also about the various benefits which can be availed through listing the start-up, such as:
While it is very beneficial for a start-up if it is listed on BSE, here are some simple steps that a start-up can adapt to get listed:
Proceedings for Listing:
Some myths about the listing of Start-up?
No company or promoter loses control over their business by getting a startup. Equity is the safest instrument in the hands of the promoters and the riskiest in the hands of the investors. Unlike PE and VCs, this type of investment is scattered, a lot of people have invested in your business. Hence, no control is lost, maximum shares are with the companies’ promoters. How BSE as a listing platform, will help the startups to list on your exchange?
Kindly share some insights on the eligibility criteria and how to get a startup listed.
It is not about the right time but about the long term growth and profitability. All the time is a great time. Do not wait for the right time. Take the right step and progress along with the time. If your business is doing well, one will have attracted investment. This will be the key to success for any investor/entrepreneurs. Time is key and irreversible. It is important that you create a value proposition to attract investment to your business idea.
Encourage Growth Of Startups Through Listing On BSE
On the concluding note, your startup boon not only for the start-up but for stakeholder and participants who would like to be a part of the wealth creation journey of the start-ups. This step will help the start-ups in wealth creation and stability. It will also attract the stakeholders and venture capital through equity financing.
So, You have a Startup But You Want To Know The Eligibility Criteria, How To Find It. Let us help you find out (www.cokaco.com). We cater to the entire gamut of financial services. Our virtual platform “CoKaCo” provides 360-degree Business & Financial solutions at one click.
If you have a business idea or have a start-up looking out for growth. You must reach out https://diice.org/ (a 10000StartupsIndia initiative) the biggest aggregator connecting start-ups to 1200+ incubators, 900+ mentors, 3000+ investors to raise funds from over 90 countries.
Register for our next event here: https://diice.org/update/women-millionaire-summit-2020/463568.
To reminisce the entire webinar, please click below: https://airmeet-recordings.s3.ap-south-1.amazonaws.com/mp4-convert/output/d259e250-a672-11ea-b4f9-2392f2ecf37e/d2663e60-a672-11ea-ace0-dbe8360ccd55/1591625071377-0-d2663e60-a672-11ea-ace0-dbe8360ccd55.mp4
STAY LISTED, STAY PROLIFERATED…!