B-Right Real-estate Limited becomes 382nd Company and Jayant Infratech Limited becomes 383rd Company to get listed on BSE SME Platform

Mumbai based GRETEX CORPORATE SERVICES LIMITED is the lead manager to B-Right Real-estate Limited and Jayant Infratech Limited.

B-Right Real-estate Limited and Jayant Infratech Limited became the 382nd and 383rd company, respectively to get listed on the BSE SME Platform on July 13, 2022.

B-Right Real-estate Limited came out with an initial public offering of 28,99,200 equity shares of Rs.10 each for cash at a price of Rs 153 per equity share, aggregating to Rs. 44.36 crore. The company successfully completed its public issue on July 05, 2022.

B-Right Real-estate Limited is a Maharashtra-based company whose registered office is in Mumbai. The company is an integrated construction and real estate development company that primarily focuses on the construction of residential and commercial projects. It has strong in-house capabilities to deliver the best quality projects.

Jayant Infratech Limited came out with an initial public offering of 9,24,000 equity shares of Rs.10 each for cash at a price of Rs. 67 per equity share, aggregating to Rs. 6.19 crore. The company successfully completed its public issue on July 05, 2022

Jayant Infratech Limited is a Chhattisgarh-based company whose registered office is at Bilaspur. The company primarily undertakes Railway Infrastructure Development work. It is a technology-driven company with excellence in Railway Electrification and Infrastructure projects. The company is engaged in designing, drawing, supplying, erection, and commissioning of 25KV, 50Hz Single Phase Traction Overhead Equipment.

Mumbai-based GORETEX CORPORATE SERVICES LIMITED is the lead manager to B-Right Real-estate Limited and Jayant Infratech Limited.

So far, 147 companies have migrated to the main board. The 381 companies listed on the BSE SME Platform have raised Rs.4,064 crore from the market and the total market capitalization of 381 companies as of July 12, 2022, is Rs. 51,214.28 crore. BSE is the market leader in this segment with a market share of 61 percent.

SEBI came out with detailed guidelines on 18th May 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 13th March 2012.

The response since the launch of this platform by BSE has been very positive to date.