Investment in equity market has always been area of interest for investors having higher investment risk appetite. The investment made in new ventures in the initial stages have always been far more rewarding than investment in mature stages of business but are subject to higher risk also. Considering the high level of risk , the companies having adequate track record of business were allowed to access funds through securities markets in the past. But, considering the emerging need for investment in start ups and new age businesses in India , a dedicated platform for listing and trading of equity shares of SMEs has been created at recognized stock exchanges in India. This is one the significant initiative taken by the Government in promoting entrepreneurship. This will assist SMEs planning for growth and expansion to raise funds from retail investors as well through issue of equity shares. The retail investors having risk appetite to invest in small and medium enterprises can subscribe to the issue of these companies and subsequently trade in the shares of SMEs at these trading platforms of Stock exchanges. The present study has been conducted to examine the trend of investors participation at SME platform and compare its popularity among equity investors against main board trading at stock exchanges. Various statistical tests have been employed to draw meaningful conclusion.