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: NSE
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…
TCS launches peer-to-peer mobile payment solution with DNB, a leading bank in Norway
Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization announced the successful launch of Norway’s first peer-to-peer mobile payment solution with DNB, the largest financial services group in Norway. Dubbed “Vipps”, DNB’s peer-to-p…
SMEs take big strides on bourses
Early four years after the equity exchanges launched trading platforms for small and medium enterprises (SMEs), the segment is showing signs of maturity, with institutional entities like banks and mutual funds investing in them. Some of the bigger brokerages, once focussed only on the larger comp…
21 SMEs file IPO papers in 2016, target Rs 180 crore
To tap the upbeat investor sentiments, as many as 21 Small and Medium Enterprises (SMEs) have filed draft papers this year to raise funds totalling Rs 180 crore through their initial public offerings. The shares will be listed on the SME platforms of the BSE and National Stock Exchange (NSE). Sin…
If India has to grow, we need to have strong SME rating fundamentals | Varun Mirchandani, ED, ONICRA
Rating of SMEs has worked wonders in getting bank loans and there are empirical evidence to suggest ratings have changed thousands of SMEs into vibrant enterprises with commercial banks coming forward to provide them loans hand-hold them during difficulties. Rating agency ONICRA Executive Directo…
Leading stock exchanges differ on SME trading lots
The country’s two leading stock exchanges — the Bombay Stock Exchange and the National Stock Exchange — are unable to form a consensus on the issue of minimum trading lot size for the platform they have created for Small and Medium Enterprises (SMEs). Currently, the minimum lot size for the SME s…
FDSL gets listed on NSE SME platform
NSE, India’s leading stock exchange, has listed Fourth Dimension Solutions Limited (FDSL). FDSL offers information technology infrastructure, technical support services and range of information technology and consultancy services, including infrastructure services, end user IT support, IT asset l…
Slow kickoff for Fourth Dimension’s IPO
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 …
NSE’s SME platform gains momentum
This has by far been the best year for the SME platform, started by the country’s two premier bourses about three years ago, to enable small and medium enterprises (SMEs) to list. The National Stock Exchange of India’s (NSE) moribund SME platform finally gained traction this year, wit…