Three Hundred and Thirty Sixth Company to get listed on BSE SME Platform
SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
Rajeshwari Cans Limited became the 336th company to get listed on the BSE SME Platform on April 15, 2021. Rajeshwari Cans Limited came out with an initial public offering of 20,16,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.20 Per Equity Share (The “Offer Price”), Aggregating to Rs. 4.03 Crore. The company has successfully completed its public issue on April 06, 2021.
Rajeshwari Cans Limited is a Gujarat based company whose registered office is at Ahmedabad, Gujarat. The company engaged in the business of manufacturing round printed tin containers of various sizes which are used as packing material. They supply the tin containers to their customers engaged in the business of tobacco manufacturing and paint manufacturing. Company also performs printing work on tin sheets supplied by their customers.
Mumbai -based Fedex Securities Private Limited, was the lead manager to Rajeshwari Cans Limited
So far, 98 companies have migrated to the main board. The 336 companies listed on BSE SME Platform have raised Rs.3,492.54 crore from the market and total market capitalization of 336 companies as on April 15, 2021 is Rs. 22,259.79 Crore. BSE is the market leader in this segment with a market share of 61 percent.
The response since the launch of this platform by BSE has been very positive till date.