Garv Industries gets listed on BSE SME platform
Trading and distribution company Garv Industries Limited became the 241st company to get listed on the BSE SME Platform on Wednesday. The company rolled out its initial public offering of 32,00,000 equity shares of Rs.10 each for an offer price of Rs.10 per equity share, aggregating to Rs. 320 lakh.
The company has successfully completed its public issue on April 17, 2018, with 50 per cent retail allocation. The IPO had a minimum bid or lot size of 10,000 shares.
Garv Industries Limited is Delhi based company whose registered office is at Barakhamba. The company is engaged in the business of multiproduct trading and distribution dealing in a wide range of aluminium product and textile products. Mumbai based Aryaman Financial Services Limited was the lead manager for the company.
The 241 companies listed on BSE SME Platform have raised Rs.2184.07 crores from the market and total market capitalization of 241 companies as on 25th April, 2018 is 22,034.06 Crores. BSE is the market leader in the segment with about 62 per cent market share.