Hyderabad based Greenko, a renewable energy company, is in the advanced stage of getting listed on the Specialist Fund Market (SFM) of the London Stock Exchange (LSE).
The company raised more than $60 million in the UK, Ibukun Adebayo, senior manager (India & International), International Business Development, LSE said.
Adebayo told FE on Tuesday that the SFM was launched in November, and that the fund has drawn lot of interest from Indian companies as they see value in this fund.
Greenko is a Hyderabad based bio-gas company that generates renewable energy using agricultural waste, he said.
Talks with two or three other companies are also in the advanced stage of getting listed on the SFM. ?We expect one or two companies to get listed in this market by the end of this year,? he said.
Explaining the importance of the SFM, Adebayo said that the SFM is a regulated market for highly specialised investment entities that aims to raise funds from professionals and institutional investors.
The norms for participating in the SFM are comparatively more liberal than the Alternative Investment Market (AIM).
A sponsor is not required for the SFM, and the entity need not show a three-year track record like is required for the AIM. “The SFM market is largely meant for institutional investors,? he said.