Technopack Polymers Limited becomes Four Hundred and Seventh Company to get listed on the BSE SME Platform

Technopack Polymers Limited became the 407th company to get listed on the BSE SME Platform on November 16, 2022.

Technopack Polymers Limited became the 407th company to get listed on the BSE SME Platform on November 16, 2022.

Technopack Polymers Limited came out with an initial public offering of 14,30,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 55 Per Equity Share (The “Offer Price”), Aggregating to Rs. 7.87 Crore. The company has successfully completed its public issue on November 07, 2022.

Technopack Polymers Limited is a Gujarat-based Company whose registered office is at Rajkot. The company manufactures high-quality PET preform on 48 cavity state-of-art, world-class Milacron Machine and ACME Mould with the "TECHNOPET" brand name. The Company also manufactures high-quality CCM CAP. Technopack Polymers Limited's product portfolio includes PET Polyethylene Terephthalate (PET Preforms are used by customer companies for the packaged drinking water industry, Carbonated Soft Drinks etc.), and Cap-Closure is made by HDPE plastic granules.

Mumbai-based ISK Advisors Private Limited was the lead manager of Technopack Polymers Limited.

So far, 153 companies have migrated to the main board. The 406 companies listed on the BSE SME Platform have raised Rs.4,484 crore from the market and the total market capitalization of 406 companies as on November 15, 2022 is Rs. 63,000.00 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 an SME Exchange/Platform. BSE became the first stock exchange to get approval from SEBI and launch its SME platform on 13th March 2012.