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BSE SME adds two more companies to its platform; total listed companies reaches 412

Jan 14th, 2023 7:21 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
Mumbai, 12th January 2023: BSE SME, the largest SME Exchange in India, has announced the listing of two companies- Rex Sealing and Packing Industries Limited and SVS Ventures Limited- on its platform.

Rex Sealing And Packing Industries Limited, the 411th company to get listed, came out with an initial public offering of 5,99,000 equity shares of Rs.10 each (“Equity Shares”) for cash at a price of Rs.135 per equity share (The “Offer Price”), aggregating to Rs. 8.09 crore. The company successfully completed its public issue on January 4th, 2023.

The Maharashtra-based company with a registered office in Mumbai is engaged in the business of manufacturing industrial sealing and packing products. Mumbai-based Aryaman Financial Services Limited was the lead manager of Rex Sealing And Packing Industries Limited.

SVS Ventures Limited, the 412th company to get listed, came out with an initial public offering of 56,22,000 equity shares of Rs.10 each (“Equity Shares”) for cash at a price of Rs. 20 per equity share (The “Offer Price”), aggregating to Rs. 11.24 crore. The company successfully completed its public issue on January 4th, 2023.

SVS Ventures Limited is a Gujarat-based company whose registered office is in Ahmedabad. The business operations include the development of real estate projects in the residential segment comprising apartment-type complexes and villas, largely catering to the middle-income and high-income groups. Mumbai-based First Overseas Capital Limited was the lead manager of SVS Ventures Limited.

The 410 companies listed on the BSE SME Platform have raised Rs.4,544 crore from the market and the total market capitalization of 410 companies as on January 11, 2023 is Rs. 65,000 cr. So far, 160 companies have migrated to the main board. BSE is the market leader in this segment with a market share of 60 per cent.

SEBI had come out with detailed guidelines for launching of SME Exchange/Platform on 18th May 2010. BSE became the first stock exchange to get approval from SEBI and to launch its SME platform on 13th March 2012. The response since the launch of this platform by BSE has been very positive to date.

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