DRA Consultants got listed today on BSE's small and medium enterprise (SME) platform today, taking the total of such firms to 154.
The Nagpur-based firm's Rs 2.96 crore public issue garnered a record over-subscription of more than 12 times of total shares offered. The IPO closed on October 4.
With this, the total number of companies listed on the platform has reached 154.
Further, about 36 companies have lined up their IPO plans. As many as 23 SMEs have received approval to float their respective public issues, while another 14 companies have filed filed draft papers with BSE and are awaiting approval from the exchange.
Out of these 154 firms, 18 have migrated to the BSE's main board. The total amount of money raised so far on the BSE SME platform is about Rs 1,193 crore and the market capitalisation of companies listed till date is Rs 13,893 crore.
BSE had launched the SME platforms in March 2012 to provide opportunity to such firms to raise capital for growth and expansion. It also provides immense opportunity for investors to identify and invest in good SMEs at an early stage.