Page 4 - Sme Companies

Traders must classify imports of lab chemicals under appropriate heads

In an Ex-W contract, the obligation of the seller is to make the goods available at the named place and give notice to the seller. The obligation of the seller is to take delivery at the named place

India SME Forum launches 'Start Exporting in Eight Weeks' programme

India SME Forum (ISF), a not-for-profit organisation for Small and Medium Enterprises (SMEs), launched a programme on Saturday titled "Start Exporting in Eight Weeks", to work with e-commerce export leaders like Amazon towards promoting 'Make in India' products. Launched under ISF's flagship initiative IndiaXports', the programme was announced by Minister of State for MSME Shobha Karandlaje at the Business Beyond Borders 2024 Conference in presence of MSMEs and industry leaders. In a statement, the NGO said the innovative "Start Exporting in Eight Weeks" programme is designed to enable Indian MSMEs to access global markets and boost exports within just eight weeks. It will offer comprehensive guidance, resources and networking opportunities free of cost to MSMEs aspiring to explore international market opportunities and expand their reach. Speaking on the launch of the programme, Karandlaje said, "MSMEs play a crucial role in contributing to the vision of Viksit Bharat 2047, and the

Bourses call for better checks by merchant bankers on IPO-bound SMEs

Over 80 merchant bankers apprised about discrepancies, lack of background checks

Internship Scheme: Govt to list out 500 companies based on CSR spend

Scheme portal to go live by Sep-end

DBK Brand Rate applications to be filed with Customs at the place of export

Safeguard duty, countervailing duty on subsidized articles and anti-dumping duty are levied under Sections 8B, 9 and 9A respectively of the Customs Tariff Act, 1975

Shree Tirupati Balajee IPO Day 2: Subscription status, GMP, Should you bid?

Prior to the public subscription period, Shree Tirupati Balajee IPO raised over Rs 50.90 crore from anchor investors.

Last day to bid for Mach Conferences SME IPO; check details here

Check out subscription status of Mach Conferences and Events SME IPO's, allotment, listing and other details

SBI aims for cashflow-based lending to SMEs, says chairman C S Setty

Its SME portfolio rose by 19.87 per cent year-on-year (Y-o-Y) to Rs 4.43 trillion at the end of June 2024

Chinese import of goods like umbrellas, toys hurting Indian MSMEs: GTRI

Increasing imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are severely hurting MSMEs as many of these products are also made by domestic businesses, according to think tank GTRI. The report said that during January to June 2024, India exported goods worth only USD 8.5 billion, while imports stood at USD 50.4 billion, resulting in a trade deficit of USD 41.9 billion. This low export and high import makes China India's largest trade deficit partner. "China accounts for 29.8 per cent of India's industrial goods imports. India must invest in deep manufacturing to cut dependence on import of critical industrial products from China," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He said that these imports from China are "hurting" Indian MSMEs, as many of the imported products are also made by these local businesses. He noted that the cheaper Chinese goods make it tough for MSMEs to compete, leading to struggles for survival. "

Sebi cautions against 'unrealistic picture' painted by SME promoters

Cites recent findings on promoter misconduct and fictitious transactions to inflate price

Sebi cautions investors against SME companies doing price manipulation

Amid certain SME companies resorting to share price manipulation by projecting an unrealistic picture of their operations, Sebi on Wednesday cautioned investors against putting their money in scrips of such firms. Sebi, in a statement, said it has come to its notice that post-listing, some of the SME companies or their promoters have been making public announcements that create a positive picture of their operations. Such announcements are followed by various corporate actions like bonus issues, stock splits and preferential allotments. The actions create a positive sentiment amongst investors, which induces them to purchase such securities. Simultaneously, this also presents an easy opportunity to the promoters to offload their holdings in such companies at elevated prices. "Sebi urges investors to be careful and watchful of the aforesaid patterns and exercise caution while investing in such securities. Further, investors are advised to not rely on unverified social media posts and

Five most overbought SME IPOs of 2024 see 1100x demand amid frenzy

Bets exceed Rs 65,000 crore even as these firms looked to raise a cumulative Rs 60 crore

Motorbike dealer with 8 staffers receives Rs 4.8K cr bids for Rs 12-cr IPO

Resourceful Automobile IPO: The New Delhi-based company specialises in the sale of Yamaha motorcycles and scooters. It runs two showrooms in the national capital under the name 'Sawhney Automobiles'

Sebi asks CAs to be extra careful while auditing cos listed on SME exchange

Sebi's whole-time member Ashwani Bhatia on Friday asked chartered accountants to be more diligent while auditing companies listed on the SME exchange platforms. Addressing an industry event of CAs, Bhatia said it is important to look at the listed SMEs (Small and medium-sized enterprises) in a more careful way because the same companies will grow to be a part of the main board in the future. "We have seen some challenges there (SME platform). We request you to be extra careful as far as SME IPOs and fundraising are concerned because these small companies will become much, much bigger going forward," the banker-turned-capital markets regulator said. Bhatia expressed satisfaction with the progress of the SME platform, stating that Rs 14,000 crore has been raised by such entities, with Rs 6,000 crore being raised in FY24 alone. He compared the CAs to "doctors", and added that they act as first-level regulators by ensuring orderly conduct of companies. Bhatia said many Sebi investigat

'SMEs turn to capital markets for funding, raise Rs 11,000 crore'

Small and Medium Enterprises (SMEs) are increasingly turning to the capital markets for funding, with 780 SMEs listed on the NSE and BSE as of June 2024, a senior official said on Wednesday, adding that these companies have raised approximately Rs 11,000 crore. The combined market capitalisation of these SMEs now exceeds Rs 1.6 lakh-crore, Shekhar Chaudhary, director of the financial markets division at the department of economic affairs, said. Speaking at the 10th edition of the CII (East) Capital Markets Conclave, Chaudhary emphasised the vital role capital markets play in India's economic growth and development. A report on SME Initial Public Offerings (IPOs) was released during the event. Experts discussed how capital markets could drive India's economic future by empowering SMEs to make significant contributions to the country's GDP, a statement said. Chaudhary also noted that in the social enterprise sector, nine NGOs have raised Rs 12 crore through a social exchange platform

Ratlam-based Kataria industries to float Rs 54.5 cr IPO on July 16

Ratlam-based Kataria Industries has fixed the price band at Rs 91 to Rs 96 per share for its Rs 54.58-crore initial public offering, the company said on Sunday. The initial public offering (IPO) will be available for public subscription during July 16-19 and the bidding for anchor investors will open on July 15, the company said in a statement. The IPO is entirely a fresh issue of 56.85 lakh shares. The shares of the company will be listed on the NSE SME platform Emerge with a projected listing date of July 24, it added. The IPO comprises 50 per cent of the net issue for Qualified Institutional Buyers (QIBs), 35 per cent for retail investors and 15 per cent of the net issue for the non-institutional investor segment. The company proposes to utilise the net proceeds from the issue towards capital expenditure for plant and machinery, repayment of debt and general corporate purposes. At the upper end of the price band, the company will fetch up to Rs 54.58 crore. Further, investors c

Sahaj Solar IPO opens today; check price band, GMP, other details here

The subscription for Sahaj Solar IPO closes on July 15, 2024. The price band for Sahaj Solar IPO is fixed at Rs 171 to Rs 180 per share

Salesforce is creating solutions specifically for SME segment: CEO

Arundhati Bhattacharya talks about the public sector services, the role of artificial intelligence (AI) and the small and medium enterprise (SME) segment

700% surge in just 6 months: 25 SME stocks double in 2024; sell or hold?

Analysts caution that the sharp rally in SME stocks makes them a risky proposition at current levels, and also highlight the inherent risk associated to such investments.

6 SME IPOs to open this week; check size, issue price, GMP and more

Falcon Technoprojects India IPO is a fixed price issue of Rs 13.69 crore. The issue is entirely a fresh issue of 14.88 lakh shares