CWD Limited becomes twelfth company to get listed on BSE Startups Platform
BSE became the first stock exchange to get the approval from SEBI and launch its Startups platform on December 22, 2018.
CWD Limited became 12th company to get listed on the BSE Startup Platform on October 13, 2021. CWD Limited came out with an initial public offering of 10,00,800 equity shares of Rs.10/- each for cash at a price of Rs. 180/- per equity share , aggregating to Rs 18.01 crore. The company has successfully completed its public issue on October 05, 2021.
CWD Limited is a Maharashtra based company whose registered office is at Mumbai. Company is engaged in business of Information and Communication Technology (ICT) that designs, develops, manufactures, and sells integrated solutions. Company developed products are focused on wireless technologies either on short-range radio technology like NFC, Bluetooth BLE, WiFi, Zigbee; mid-range systems like LORA or long-range communication systems like 5G LTE, NB-IOT, LTE CAT .
Mumbai based Aryaman Financial Services Limited was the lead manager for CWD Limited.
The 11 companies listed on BSE Startups Platform have raised Rs 38.62 crores from the market and total market capitalization of these companies as on October 12, 2021 is Rs 150.57 crores. BSE is the market leader in this segment with a market share of 100 per cent.
BSE Ltd has set up the BSE Startups Platform as per the rules and regulations laid down by SEBI. BSE Startups Platform offers an entrepreneur and investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector.