Bhatia Colour Chem becomes 365th company to get listed on BSE SME Platform

24 Mar 2022 , 12:07 PM

Bhatia Colour Chem Limited became the 365th company to get listed on the BSE SME Platform on March 24, 2022. Bhatia Colour Chem Limited came out with an initial public offering of 50,00,000 Equity Shares of Rs10 Each (“Equity Shares”) For Cash at a Price of Rs80 Per Equity Share (The “Offer Price”), Aggregating to Rs40 crore.

The company has successfully completed its public issue on March 16, 2022.

Bhatia Colour Chem Limited is Gujarat based company whose registered office is at Surat. The company engaged in trading & manufacturing Chemicals, Dyes, and Auxiliaries products. The company produces Value Added Printing Products, Textile Auxiliaries & Chemicals, Foil Binders, Glitter Powder, Printing Inks, and Zari Binders with a variety of ranges and specialization as per the demand of the client. The products are mainly useful for the printing on Textile materials like Polyester & Cotton which includes, ambos on T-shirts, Zari Prints, and shading.

Ahmedabad based INTERACTIVE FINANCIAL SERVICES LIMITED, was the lead manager to Bhatia Colour Chem Limited.

So far, 131 companies have migrated to the main board. The 364 companies listed on BSE SME Platform have raised Rs.3,844.54 crore from the market and total market capitalization of 364 companies as on March 23, 2022 is Rs. 49,091.91 Crore. BSE is the market leader in this segment with a market share of 61 percent.

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

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