Riding on the upbeat market sentiment, four companies will come out with initial public offerings (IPOs) to raise about Rs 26 crore and get listed on the BSE exchange’s small and medium enterprises platform. Ruby Cables, Franklin Leasing and Finance launched their initial share-sale programmes on…
Tag: IPO
SMEs’ April-January IPO fund receipts cross full-FY15 figure
To tap the upbeat investor sentiments, as many as 34 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 287 crore in the first ten months of current fiscal. This was higher than 39 SMEs raising a total of Rs 278 crore in the entire past fiscal…
Ganga Pharma confident of reaching turnover of Rs 70 crore
The first listed Pharma company to get listed on BSE-SME, Mumbai based Ganga Pharmaceuticals Limited is confident of increasing its yearly turnover from Rs 3 crore to Rs 70 crores by 2020. Ganga Pharma is the first SME Pharma company in the country to get listed on the SME platform of BSE. Shares…
L&T looks to build digital bridge to the Startup Land
L&T Infotech, the IT unit of engineering conglomerate Larsen & Toubro, plans to seek board approval to invest in technology startups that the IPO-bound firm hopes will help boost its digital offerings. “We want to partner with startups and give them a platform,” Chief Executive Sanj…
OFS Technologies plans for acquisition
Bangalore based OFS Technologies Limited, that debuted on BSE-SME exchange on January 14, is planning to use its IPO proceeds for an acquisition either in India or Europe, subsequently adding few more clients in its kitty. Speaking to SMEpost.com, OFS Technologies’ Company Secretary, Maniva…
Crisil grants grade to K.P. Energy
CRISIL Research has assigned CRISIL SME fundamental grade ‘3/5’ (pronounced ‘SME three on five’) to K.P. Energy Ltd (KPEL). The grade indicates that the fundamentals of the company are ‘good’ relative to other SMEs in India. However, it is not an opinion on whether the issue price is appropriate …
SEBI, BSE, NSE to hand-hold SMEs | Important Clusters under focus
Market regulator Securities and Exchange Board of India (SEBI) and the country’s leading stock exchange NSE have come forward to handhold SMEs in the region to raise funds for their expansion/diversification by getting listed. After the Government of India liberalized the norms for listing, allow…