BSE SME Exchange to be launched on March 13, 2012

BSE (Bombay Stock Exchange) will commence its SME  (Small and Medium enterprises) platform from March 13, 2012 with Rs. 8.85 crore IPO (Initial Public Offer) of non-banking finance company (NBFC), BCB Finance.

Mr. Lakshman Gugulothu, CEO, BSE's SME platform."We will officially now launch the BSE SME Exchange on March 13, 2012"

BCB Finance IPO..!

Mr. Lakshman Gugulothu also said, ''The BCB Finance is the first public issue on the BSE SME exchange that has been successfully subscribed by the public and it was subscribed 1.5 times of the issue size. The initial public offering (IPO) that opened for subscription on February 23 with the issue price fixed at Rs. 25 a share closed on February 27, 2012."

There are many SMEs lining up for IPO.By next week another company named Monarch Health Services will come up with its first public offering. It will raise about Rs. 10 crores. And, by 2012 March end it will be listed in the BSE SME exchange. During the middle of next week, we are getting 2 more companies and for other 6 companies we already have given observation and draft prospectus. So, 10 companies are lined up and should be listed in another  two months. We will be putting at least  10 companies on board."
BSE SME Exchange is the first SME Exchange in Inida to get the SEBI approval on September 27, 2011.

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1 comment:

  1. Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
    Bharti Airtel

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