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:   
|
|

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

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 ...

Recommended for you

Advertisements

Quick Links

Market News

Foreign investors apply brakes, inflows dry up

ETF flows into Indian stocks and bonds stood at $630 million, 17 per cent less compared with April

Agriculture ministry preparing for less rain

Encourages states on short-duration and less of rain-dependent crops, pushes seed availability in case of re-sowing as IMD predicts deficit in ...

Today's picks: 3 June 2015

Nifty, Bank Nifty, Hindalco, HDFC & Ambuja Cement

Heat wave delays kharif sowing

Farmers have been advised to sow shorter-duration rice varieties

Gems & jewellery export down 20% in April

There has been substantial disparity between the prices of rough diamonds and those of polished ones

 

Back to Top