Shashwat Furnishing Solutions and Global Longlife Hospital -; Research 371st and 372nd Company, to get listed on BSE SME Platform

4 May 2022 , 12:13 PM

Shashwat Furnishing Solutions Limited and Global Longlife Hospital & Research Limited became 371^st  and 372^nd  Company, respectively to get listed on BSE SME Platform on May 4^th, 2022.
 
Shashwat Furnishing Solutions Limited came out with an initial public offering of 5,58,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 45 Per Equity Share (The “Offer Price”), Aggregating to Rs. 2.51 Crore. The company has successfully completed its public issue on April 25, 2022. Global Longlife Hospital and Research Limited came out with an initial public offering of 35,00,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 140 Per Equity Share (The “Offer Price”), Aggregating to Rs. 49.00 Crore. 

The company has successfully completed its public issue on April 25, 2022.
 
 Shashwat Furnishing Solutions Limited is Rajasthan based company whose registered office is at Jodhpur. The company engaged in manufacturer and supplier of furniture and handicraft items. The company specialize in developing Industrial Furniture, Restaurant and Cafe Furniture, Garden and Outdoor Furniture, Vintage Furniture, Mirror Frames, Wall clocks and various other decoration & handicrafts objects. Company is in business of purchasing, assembling, finishing and repairing semi-furnished furniture to converting them into finished goods. Shashwat Furnishing Solutions sells its furniture to wholesalers, retailers and customers through online platforms such as India Mart, Trade India, Exporter India etc.  

Ahmedabad based BEELINE BROKING LIMITED, was the lead manager to Shashwat Furnishing Solutions Limited.
  
Global Longlife Hospital and Research Limited is Gujarat based company whose registered office is at Ahmedabad. The company engaged in health care services. The company offers Oncology, Ophthalmology, Cardiology, Dermatology, Gynecology, Spine Surgery, Plastic Surgery, Ultrasound, Microbiology, Dialysis, and Physiotherapy among other healthcare services. Global Longlife Hospital is certified by the National Accreditation Board for Hospitals and Healthcare Providers (” NABH Accredited”).

The company is known as a Multi-Specialty Tertiary Care Hospital of Gujarat with 110 beds well equipped for Medical & Surgical Specialties. The company’s staff strength also comprises 37 nurses and more than 50 paramedical, pharmacists, corporate and support staff. 

Ahmedabad based INTERACTIVE FINANCIAL SERVICES LIMITED, was the lead manager to Global Longlife Hospital and Research Limited.
 
So far, 136 companies have migrated to the main board. The 370 companies listed on BSE SME Platform have raised Rs.3,928 crore from the market and total market capitalization of 370 companies as on May 02, 2022 is Rs. 52,182 Crore. BSE is the market leader in this segment with a market share of 61 percent.
 
SEBI came out with detailed guidelines on 18^th May 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 13^th March 2012.
 
 
The response since the launch of this platform by BSE has been very positive till date.