Quality RO Industries and Safa Systems -; Technologies becomes 361st -; 362nd company to get listed on BSE SME Platform

9 Feb 2022 , 01:21 PM

Quality RO Industries Limited and Safa Systems & Technologies Limited became the 361st and 362nd company to get listed on the BSE SME Platform on February 09, 2022.

Quality RO Industries Limited came out with an initial public offering of 5,30,000 Equity Shares of Rs10 Each (“Equity Shares”) For Cash at a Price of Rs. 51 Per Equity Share (The “Offer Price”), Aggregating to Rs. 2.70 Crore.

The company has successfully completed its public issue on February 01, 2022.

Whereas, Safa Systems & Technologies Limited came out with an initial public offering of 40,00,000 Equity Shares of Rs10 Each (“Equity Shares”) For Cash at a Price of Rs10 Per Equity Share (The “Offer Price”), Aggregating to Rs4.00cr. The company has successfully completed its public issue on February 01, 2022.

Quality RO Industries Limited is Gujarat based company whose registered office is at Vadodara. The company engaged in the business of manufacturing, marketing and supplying components for water purifiers and softener equipment. These water purifiers parts have been designed to make a proper fitting for RO Plants and Systems of different varieties, as they produce strictly according to industry standards. Company manufacturing facility enables us to design quality and precise product line in bulk quantities.

Safa Systems & Technologies Limited is Kerala based company whose registered office is at Ernakulam. The company engaged in the business of distributorship of consumer durable products like Mobile phones, Mobile phones accessories, Tablets, LED TVs, Home appliances and wearable devises of various brands like Xiaomi, OPPO, TECNO, Micromax, One Plus in Kerala. The Company works in B2B (Business to Business) Model.

Mumbai based SHRENI SHARES PRIVATE LIMITED, was the lead manager to Quality RO Industries Limited. While, Kolkata based FINSHORE MANAGEMENT SERVICES LIMITED, was the lead manager to Safa Systems & Technologies Limited.

So far, 130 companies have migrated to the main board. The 360 companies listed on BSE SME Platform have raised Rs.3,823.96 crore from the market and total market capitalization of 360 companies as on February 08,2022 is Rs. 51,603.00 Crore. BSE is the market leader in this segment with a market share of 61 percent.

SEBI had come 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.