Kesar India Limited becomes the 381st company to list on the BSE SME platform | spcilvly

Kesar India Limited became the 381st company to be listed on the BSE SME platform on July 12, 2022, as the BSE statement said.

Kesar India Limited launched an initial public offering of 930,400 equity shares of Rs 10 each (“equity shares”) in cash at a price of Rs. 170 per share (the “Offer Price”), aggregating to Rs. 15.82 crores. The company successfully completed its public issuance on July 4, 2022.

FEDEX SECURITIES PRIVATE LIMITED and Mumbai-based HEM SECURITIES LIMITED were the lead administrators of Kesar India Limited.

Kesar India Limited

-Kesar India Limited is a Maharashtra based company whose registered office is located in Nagpur.

-The company dedicated to the business of development and construction of residential and commercial projects, industrial warehouses, industrial warehouses, workshop warehouses, etc.

So far, 147 companies have migrated to the main dashboard. The 380 companies listed on the BSE SME platform have raised Rs 4,047.69 crore from the market and the total market capitalization of 380 companies as on July 11, 2022 is Rs. 51,200.20 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 became the first stock exchange to get approval from SEBI and launch its SME platform on March 13, 2012.

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