Six out of seven stocks on BSE SME platform post gains

BSE launched its SME platform for small and medium enterprises earlier this year in March and since then seven companies have got listed in this segment

Stocks having debuted on the leading bourse BSE's platform this year seems to be generating significant interest from investors, as six of them have given positive returns since listing and the seventh one is trading with just a modest loss.

launched its SME platform for small and medium enterprises earlier this year in March and since then seven companies have got listed in this segment.

The SME platform of BSE's larger rival NSE, named Emerge, also became operational last week with the listing of first company, Thejo Engineering, in this segment.

At the BSE's SME platform six out of seven stocks are trading above their respective issue prices, while shares of one company, Jointeca Education Solutions, is trading nearly 2% below its initial public offer (IPO) price.

The stocks trading with significant gains include non-banking finance company BCB Finance (402%), Max Alert Systems (183%) and web infomedia company Jupiter Infomedia (18.25%).

Besides, housing finance firm SRG Housing Finance, cosmetic surgery and skin care services firm Monarch Health Services, and financial services firm Sangam Advisors are trading with gains of 5%, 0.75% and 0.45%, respectively.

According to market analysts, the post-listing performance of these public issues have been very inspiring for investors because of sensible pricing issue. Besides, it would encourage other companies to come forward for getting listed on the SME platform.

The BSE was the first to start trading on a separate SME segment and public issues of two more companies -- Anshu's Clothing Ltd and RCL Foods -- are in the pipeline for this platform.

The IPO of Anshu's Clothing Ltd would hit the capital market on September 26 to raise around Rs 5.05 crore. The issue will close on September 28. In addition, RCL Foods has submitted its initial papers with the exchange.

In March, BSE's then Managing Director and CEO Madhu Kannan had said the SME exchange hopes to list 10 companies in the near-term and nearly 100 companies in the longer term.

image
Business Standard
177 22
Business Standard

Six out of seven stocks on BSE SME platform post gains

BSE launched its SME platform for small and medium enterprises earlier this year in March and since then seven companies have got listed in this segment

Press Trust of India  |  Mumbai 



Stocks having debuted on the leading bourse BSE's platform this year seems to be generating significant interest from investors, as six of them have given positive returns since listing and the seventh one is trading with just a modest loss.

launched its SME platform for small and medium enterprises earlier this year in March and since then seven companies have got listed in this segment.

The SME platform of BSE's larger rival NSE, named Emerge, also became operational last week with the listing of first company, Thejo Engineering, in this segment.

At the BSE's SME platform six out of seven stocks are trading above their respective issue prices, while shares of one company, Jointeca Education Solutions, is trading nearly 2% below its initial public offer (IPO) price.

The stocks trading with significant gains include non-banking finance company BCB Finance (402%), Max Alert Systems (183%) and web infomedia company Jupiter Infomedia (18.25%).



Besides, housing finance firm SRG Housing Finance, cosmetic surgery and skin care services firm Monarch Health Services, and financial services firm Sangam Advisors are trading with gains of 5%, 0.75% and 0.45%, respectively.

According to market analysts, the post-listing performance of these public issues have been very inspiring for investors because of sensible pricing issue. Besides, it would encourage other companies to come forward for getting listed on the SME platform.

The BSE was the first to start trading on a separate SME segment and public issues of two more companies -- Anshu's Clothing Ltd and RCL Foods -- are in the pipeline for this platform.

The IPO of Anshu's Clothing Ltd would hit the capital market on September 26 to raise around Rs 5.05 crore. The issue will close on September 28. In addition, RCL Foods has submitted its initial papers with the exchange.

In March, BSE's then Managing Director and CEO Madhu Kannan had said the SME exchange hopes to list 10 companies in the near-term and nearly 100 companies in the longer term.

RECOMMENDED FOR YOU

Six out of seven stocks on BSE SME platform post gains

BSE launched its SME platform for small and medium enterprises earlier this year in March and since then seven companies have got listed in this segment

Stocks having debuted on the leading bourse BSE's SME platform this year seems to be generating significant interest from investors, as six of them have given positive returns since listing and the seventh one is trading with just a modest loss.

Stocks having debuted on the leading bourse BSE's platform this year seems to be generating significant interest from investors, as six of them have given positive returns since listing and the seventh one is trading with just a modest loss.

launched its SME platform for small and medium enterprises earlier this year in March and since then seven companies have got listed in this segment.

The SME platform of BSE's larger rival NSE, named Emerge, also became operational last week with the listing of first company, Thejo Engineering, in this segment.

At the BSE's SME platform six out of seven stocks are trading above their respective issue prices, while shares of one company, Jointeca Education Solutions, is trading nearly 2% below its initial public offer (IPO) price.

The stocks trading with significant gains include non-banking finance company BCB Finance (402%), Max Alert Systems (183%) and web infomedia company Jupiter Infomedia (18.25%).

Besides, housing finance firm SRG Housing Finance, cosmetic surgery and skin care services firm Monarch Health Services, and financial services firm Sangam Advisors are trading with gains of 5%, 0.75% and 0.45%, respectively.

According to market analysts, the post-listing performance of these public issues have been very inspiring for investors because of sensible pricing issue. Besides, it would encourage other companies to come forward for getting listed on the SME platform.

The BSE was the first to start trading on a separate SME segment and public issues of two more companies -- Anshu's Clothing Ltd and RCL Foods -- are in the pipeline for this platform.

The IPO of Anshu's Clothing Ltd would hit the capital market on September 26 to raise around Rs 5.05 crore. The issue will close on September 28. In addition, RCL Foods has submitted its initial papers with the exchange.

In March, BSE's then Managing Director and CEO Madhu Kannan had said the SME exchange hopes to list 10 companies in the near-term and nearly 100 companies in the longer term.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Dish TV 102.90 9.58
IIFL Holdings 269.25 7.61
DCB Bank 111.00 6.88
Credit Analysis 1062.25 6.82
Eicher Motors 22465.80 6.60
> More on BSE Gainers
Company Price() Chg(%)
Dish TV 102.95 9.64
IIFL Holdings 267.65 7.21
DCB Bank 111.20 7.13
Eicher Motors 22460.85 6.45
Credit Analysis 1060.20 6.25
> More on NSE Gainers
Company Price() Chg(%)
JP Associates 12.13 -8.73
Religare Enterp. 256.20 -6.26
Star Ferro Cem. 115.85 -5.47
SPARC 357.15 -4.94
G S F C 69.95 -4.89
> More on BSE Gainers
Company Price() Chg(%)
JP Associates 12.10 -9.02
G S F C 69.85 -5.22
SPARC 356.95 -5.21
IL&FS Transport 73.45 -4.98
Castex Tech 13.90 -4.79
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard