Bhatia Color Chem Limited becomes the 365th company to list on the BSE SME platform | spcilvly

In a major development, Bhatia Color Chem Limited became the 365th company to be listed on the BSE SME platform on March 24, 2022. Bhatia Color Chem Limited launched an initial public offering of 50,00,000 equity shares of Rs 10 each one (“Equity Shares”) in cash at a price of Rs. 80 per share (the “offer price”), totaling Rs. 40.00 crores.

The company successfully completed its public issue on March 16, 2022, according to an official statement.

Ahmedabad-based INTERACTIVE FINANCIAL SERVICES LIMITED was the lead administrator of Bhatia Color Chem Limited.

So far, 131 companies have migrated to the main dashboard.

The 364 companies listed on the BSE SME platform have raised Rs 3,844.54 crore from the market and the total market capitalization of 364 companies as on March 23, 2022 is Rs. 49,091.91 million rupees.

BSE is the market leader in this segment with a market share of 61 per cent.

SEBI released detailed guidelines on May 18, 2010 for launching SME Exchange/Platform.

BSE was the first stock exchange to get approval from SEBI and launch its SME platform on March 13, 2012.

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