DMR Hydroengineering & Infrastructures Limited becomes Three Hundred and Fifty Sixth Company to get listed on BSE SME Platform
DMR Hydroengineering & Infrastructures Limited became the 356th company to get listed on the BSE SME Platform on December 07, 2021. DMR Hydroengineering & Infrastructures Limited came out with an initial public offering of 9,96,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 21 Per Equity Share (The “Offer Price”), Aggregating to Rs. 2.09 Crore. The company has successfully completed its public issue on November 29, 2021.
DMR Hydroengineering & Infrastructures Limited is Haryana based company whose registered office is at Faridabad. The company is engaged in the business of providing engineering consultancy and due diligence services to hydropower, dams, roads and railway tunnels. The services offered by Company include entire life cycle of projects covering design & engineering, due diligence & regulatory, bid management & construction engineering and quality & inspection.
Mumbai based Shreni Shares Private Limited, was the lead manager to DMR Hydroengineering & Infrastructures Limited.
SEBI had come out with detailed guidelines on 18th May 2010 for launch 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.
So far, 125 companies have migrated to the main board. The 355 companies listed on BSE SME Platform have raised Rs.3,780.21 crore from the market and total market capitalization of 355 companies as on December 6,2021 is Rs. 41,450.21 Crore. BSE is the market leader in this segment with a market share of 60 percent.
The response since the launch of this platform by BSE has been very positive till date.
About BSE
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