Kesar India Limited becomes Three Hundred and Eighty First Company to get listed on BSE SME Platform
The company engaged in the business of developing and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc.
Kesar India Limited became the 381st company to get listed on the BSE SME Platform on July 12, 2022. Kesar India Limited came out with an initial public offering of 930,400 equity shares of Rs.10 each for cash at a price of Rs. 170 per equity share, aggregating to Rs. 15.82 crore. The company successfully completed its public issue on July 04, 2022.
Kesar India Limited is a Maharashtra-based company whose registered office is in Nagpur. The company engaged in the business of developing and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc.
Mumbai-based FEDEX SECURITIES PRIVATE LIMITED and HEM SECURITIES LIMITED were the lead managers of Kesar India Limited.
So far, 147 companies have migrated to the main board. The 380 companies listed on the BSE SME Platform have raised Rs.4,047.69 crore from the market and the total market capitalization of 380 companies as of July 11, 2022, is Rs. 51,200.20 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 SME Exchange/Platform. BSE became the first stock exchange to get approval from SEBI and launch its SME platform on March 13, 2012
The response since the launch of this platform by BSE has been very positive to date.