Samor Reality, Adishakti Loha and Ispat are the 352nd and 353rd companies to get listed on BSE SME Platform

Adishakti Loha And Ispat Limited came out with an initial public offering of 18,20,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.11 Per Equity Share (The “Offer Price”), Aggregating to Rs2cr.

Oct 13, 2021 01:10 IST India Infoline News Service

SEBI came out with detailed guidelines on May 18, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on March 13, 2012.

Samor Reality Limited became the 352nd company while, Adishakti Loha And Ispat Limited became the 353rd company to get listed on the BSE SME Platform on October 13, 2021.

Samor Reality Limited  came out with an initial public offering of 13,00,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs62 Per Equity Share (The “Offer Price”), Aggregating to Rs8.06cr. The company has successfully completed its public issue on October 05, 2021.

Samor Reality Limited is Gujarat based company whose registered office is in Ahmedabad. The company engaged in the business of construction of residential and commercial projects. The company has developed versatile projects by focussing on innovative architecture, strong project execution, and quality construction. The company intends to exploit the opportunities that are available in the Real Estate Sector and its operations may cover all aspects of real estate development. The company is also engaged in the activity of trading building and construction materials specifically TMT Bars, HR Sheets of different sizes. Ahmedabad based Beeline Broking Limited, was the lead manager to Samor Reality Limited.

Adishakti Loha And Ispat Limited  came out with an initial public offering of 18,20,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.11 Per Equity Share (The “Offer Price”), Aggregating to Rs2cr. The company has successfully completed its public issue on October 05, 2021.

Adishakti Loha And Ispat Limited is Delhi based company. The company engaged in the business of trading in metals with its core focus on trading in Iron and Steel. The company works on a B2B model where it procures goods on an order basis and does not maintain any inventory as the goods are supplied directly from the supplier to the customers.  Delhi based Turnaround Corporate Advisors Private Limited, was the lead manager to Adishakti Loha And Ispat Limited.

So far, 115 companies have migrated to the main board. The 351 companies listed on BSE SME Platform have raised Rs.3,721.75 crore from the market and total market capitalization of 351 companies as on October 12, 2021 is Rs. 39,437.28 Crore. BSE is the market leader in this segment with a market share of 61 percent.

The response since the launch of this platform by BSE has been very positive till date.

Related Story

Open Free Demat Account (Rs699)