Platinumone Business Services Limited: Three Hundred and Forty Five Company to get listed on BSE SME Platform
SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
Platinumone Business Services Limited became the 345th company to get listed on the BSE SME Platform on September 16,2021. Platinumone Business Services Limited came out with an initial public offering of 4,22,400 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.92 Per Equity Share (The “Offer Price”), Aggregating to Rs.3.89 Crore. The company has successfully completed its public issue on September 07, 2021.
Platinumone Business Services Limited is a Maharashtra based company whose registered office is at Thane. The company engaged in the business providing Business Process Management Services. Business Process Management Services (BPMS) has an endless reach in the today’s market. In today’s business world mid-size companies to large corporate are focusing on out sourcing model for their various activities. Company provide services to mid-size and large corporates to fulfil their Customer Acquisition needs. Company provide services in various industries namely FMCG, Real Estate, Furniture, Insurance, Consumer Durables etc. Our tailor-made solutions offers customized engagement models to facilitate the ease of doing their business.
Mumbai based Gretex Corporate Services Limited, was the lead manager to Platinumone Business Services Limited.
So far, 113 companies have migrated to the main board. The 344 companies listed on BSE SME Platform have raised Rs.3,630.4 crore from the market and total market capitalization of 344 companies as on September 16, 2021 is Rs. 35,736.90 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 till date.
About BSE
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 is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
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. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.