The initial public offering (IPO) of Fourth Dimension Solutions on the NSE’s SME platform Emerge has seen a slow start, with total bids for just 28,000 shares so far, which represents 0.01 times of the 28,92,000 shares up for sale. The IPO price is fixed at Rs 30 apiece, which represents a …
Companies, Finance & Markets
SMEs see value in investing among themselves
Cash surplus SMEs are finding it more convenient to invest in fellow BSE-SME listed companies indicating the growing maturity of the BSE-SME platform. A cursory look at the shareholding patterns of NBFC, Satkar Finlease Limited, listed in BSE-SME exchange, reveals that five BSE-SME listed compani…
WOW Momo gears up to become India’s McDonald
From a one-outlet brand to a 50-outlet pan-India chain, “Wow! Momo” certainly seems to be making it big in the restaurant brand space. Started by two college buddies even before coming out of the college, ‘WOW Momo’ now has 50 outlets across Kolkata, Chennai, Pune, Bangalo…
Year-ender 2015 | Turnover improves in BSE SME
The BSE SME index closed the year at 802.27 or 283.36 points below the opening for the year 2015 and 282 points below the closing for the previous year, leaving little room for doubt that the year ahead was unlikely to be very positive. On the positive side however, the trade volumes and market t…
FISME raises MSME financing issue with RBI
A delegation of Federation of Indian Micro and Small & Medium Enterprises (FISME) led by Chairman, Banking and Finance Committee, Neeraj Kedia met Executive Director of Reserve Bank of India (RBI) U.S. Paliwal in Mumbai recently and highlighted rising MSME concerns about the fall out of fault…
Guarantees & counter guarantees for loans to be provided to MSMEs
The government must do away with the interest subvention scheme and p lough back the subsidy into a universal crop insurance scheme for small and marginal farmers, according to a recommendation from a panel constituted by the Reserve Bank of India (RBI). The move can transform the agriculture sec…
SMEs need professional advice | RBI
To provide a leg-up to Micro, Small and Medium Enterprises (MSMEs), a Reserve Bank of India panel has made a series of recommendations, including establishing a system of professional credit intermediaries/ advisers, to help both the sector and banks in credit assessment and encouraging multiple …
Exclusive | Rooftop Solar – a big opportunity for MSMEs in Bengal
West Bengal government may soon introduce roof top solar power system, especially for high rise buildings. This in turn is expected to through up huge opportunities for the small and mid-sized solar companies, panel makers. That’s not all. Moves are afoot to offer a subsidy/incentive of 20 per c…
Daiwik Hotels bets big on pilgrim hotel biz
Kolkata-headquartered fledgling hotel group Daiwik Hotels Pvt Ltd is betting big on the growth of pilgrim hotel business in the country. The company, which at present, runs two full service 4-star pilgrim hotels at Rameswaram in Tamil Nadu and Shirdi in Maharashtra, has lined up plans to come up …
Flood hit SMEs in Tamil Nadu need Rs 2 lakh/unit for revival
Over 20,000 micro, small and medium enterprises in Tamil Nadu hit by floods in the month of December 2015 will need government financial assistance to get back on their feet. According to the Industrial Estate Manufacturers Association, Guindy, the sector needs financial assistance of at least Rs…