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

Related News

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.

Read more on:   
|
|

Read More

FIIs infuse over Rs 19,000 cr in Sep

Overseas investors pumped in more than Rs 19,000 crore ($3.5 billion) in the Indian stock market in September, the highest monthly inflow in seven ...

Quick Links

 

Market News

Monte Carlo shares fall 12% on debut

Shares of the company ended at Rs 566.25 compared to the issue price of Rs 645 per share on NSE

Tyre makers agree to help Kerala rubber farmers

Agreement brokered by state govternmet after appeal to major firms for support, will have latter buying from the local market at 25% extra ...

DGFT defers registration of organic textile exports

Industry welcomes the move, says organic products' exports would be possible now

Sebi bars 260 entities from markets

The action comes at a time when the central government has sharpened its focus on unearthing black money stashed abroad

Double digit earnings to cheer markets in FY16

Analysts expect earnings surprises from consumer discretionary, financial and industrial sectors

Back to Top