23 small and medium enterprises in waiting to launch IPO true As many as 23 small and medium enterprises have lined up their initial public offers (IPOs) to fund business expansion and meet working capital requirements. These companies, which are planning to list on BSE’s SME platform, are expected to float IPOs in the coming months. The exchange has already given go-ahead to 10 SMEs, while another 13 have filed their draft offer documents with BSE and are awaiting its approval, the bourse said in a statement. Listing will help these companies to enter capital markets and finally to graduate on to the mainboard.