Daps Advertising Limited becomes the Four Hundred and Sixth Company to get listed on BSE SME Platform
Daps Advertising Limited became the 406th company to get listed on the BSE SME Platform on November 14, 2022.
On November 14, 2022, Daps Advertising Limited became the 406th business to list on the BSE SME Platform. In its first public offering, Daps Advertising Limited sold 17,00,000 equity shares worth Rs. 10 each for cash at a price of Rs. 30 per equity share (the "Offer Price"), totaling Rs. 5.10 crore. On November 3, 2022, the firm successfully concluded its public offering.
The registered office of Uttar Pradesh-based Daps Advertising Limited is in Kanpur. The firm was one where services for advertising agencies were offered. A variety of advertising media services are provided by the company, including print media, electronic media, and outdoor media services. These services cover advertisement formats like newspapers, brochures, magazines, television channels, FM channels, and the display of outdoor hoardings, among others. Corporate clients working in a variety of industries, such as construction, education, electronics, vehicles, FMCG, jewellery, clothes, insurance, housing, hospitals, financial service providers, aviation, government agencies, etc., make up the company's clientele.
Shreni Shares Private Limited, a Mumbai-based company, served as Daps Advertising Limited's primary manager.
So far, 153 businesses have made the transition to the main board. The total market value of the 405 firms as of November 11, 2022 is Rs. 63,000.00 Crore. The 405 companies listed on the BSE SME Platform have raised Rs. 4,479 crores from the market. With a 61 percent market share, BSE is the industry leader in this segment.
On May 18, 2010, SEBI released comprehensive instructions for the establishment of SME Exchange/Platform. The first stock exchange to receive SEBI approval and debut its SME platform was BSE on March 13, 2012.
Since BSE launched this platform, the reaction has been extremely positive.