Maruti Interior Products Limited becomes the Three Hundred and Sixty Third Company to get listed on BSE SME Platform
Maruti Interior Products Limited became the 363rd company to get listed on the BSE SME Platform on February 16, 2022. Maruti Interior Products Limited came out with an initial public offering of 20,00,000 equity shares of Rs. 10 each for cash at a price of Rs. 55 per equity share, aggregating to Rs. 11.00 crore. The company has successfully completed its public issue on February 08, 2022.
Maruti Interior Products Limited is Gujarat based company whose registered office is at Veraval. The company is engaged in manufacturing and exporting kitchen storage systems & accessories, aluminum long wardrobe handle and profile handle. The company has a wide range of product offerings for different customer segments. The brand Everyday Kitchen is focused on the economic range of products, while the other brand Spitze by Everyday offers premium products. Apart from the company's own branded products, it also manufactures products for big companies like Godrej, Hafele India, Kaff Appliances, Walmart, Homelane, Livespace, Spacewood, etc.
Mumbai based ISK ADVISORS PRIVATE LIMITED, was the lead manager to Maruti Interior Products Limited.
So far, 130 companies have migrated to the main board. The 362 companies listed on BSE SME Platform have raised Rs. 3,830.66 crore from the market and total market capitalization of the 362 companies as on February 15, 2022 is Rs. 50,080.42 crore. BSE is the market leader in this segment with a market share of 61 per cent.
SEBI had come out with detailed guidelines on 18th May 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.
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.