Alkosign Limited becomes Three Hundred and Sixtieth Company to get listed on BSE SME Platform

Alkosign Limited became the 360th company to get listed on the BSE SME Platform on February 01, 2022. Alkosign Limited came out with an initial public offering of 27,00,000 equity shares of Rs.10 each for cash at a price of Rs. 45 per equity share, aggregating to Rs. 12.15 crore. The company has successfully completed its public issue on January 21, 2022.  

Alkosign Limited is Maharashtra based company whose registered office is at Thane. The company engaged in manufacturing of visual presentation systems namely writing boards/display boards/notice boards of different types along with its associated accessories and stands used for these boards, school benches, desks and their accessories. 

Mumbai based SHRENI SHARES PRIVATE LIMITED, was the lead manager to Alkosign Limited. 

So far, 130 companies have migrated to the main board. The 359 companies listed on BSE SME Platform have raised Rs 3,811.81 crore from the market and total market capitalization of 359 companies as on January 31,2022 is Rs 51,080.42 crore. BSE is the market leader in this segment with a market share of 61 per cent. 

SEBI came out with detailed guidelines on May 18, 2010 for launching of SME Exchange/Platform. BSE was the first stock exchange to get the 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 till date.