Aashka Hospitals Limited - Three Hundred and Forty Four Company to get listed on BSE SME Platform

SEBI came out with detailed guidelines on May 18, 2010, for the launching of SME Exchange/Platform. BSE became the first stock exchange to get approval from SEBI and launch its SME platform on March 13, 2012.

Aashka Hospitals Limited became the 344th company to get listed on the BSE SME Platform on September 1, 2021. Aashka Hospitals Limited came out with an initial public offering of 84,00,000 equity shares of Rs.10 Each for cash at a price of Rs.121 per equity share, aggregating to Rs.101.64  crore. The company has successfully completed its public issue on August 24, 2021.

Aashka Hospitals Limited is a Gujarat-based company whose registered office is at Gandhinagar. The company is engaged in the Health care servicing segment. The company provides an integrated healthcare service comprising of super specialist services, specialties services, and support services, committed to delivering quality healthcare services to its patients in modern facilities that includes prevention, best treatment, and proper rehabilitation.

Mumbai based Fedex Securities Private Limited, was the lead manager to Aashka Hospitals Limited.

So far, 113 companies have migrated to the mainboard. The 343 companies listed on the BSE SME Platform have raised Rs.3,528.76 crore from the market and the total market capitalization of 343 companies as of August 31, 2021, is Rs. 33,574.64 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 to date.

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market.BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure.