Shantidoot Infra Services Limited becomes Three Hundred and Ninety Second Company to get listed on BSE SME Platform

The company engaged in construction of institutional buildings like schools, colleges, hospitals, offices, hotels, etc.

Shantidoot Infra Services Limited became the 392nd company to get listed on the BSE SME Platform on September 19, 2022. Shantidoot Infra Services Limited came out with an initial public offering of 4,96,000 equity shares of Rs.10 each for cash at a price of Rs. 81 per equity share, aggregating to Rs. 4.02 crore. The company successfully completed its public issue on September 09, 2022.

Shantidoot Infra Services Limited is Bihar based company whose registered office is in Patna. The company engaged in the construction of institutional buildings like schools, colleges, hospitals, offices, hotels, etc. The company also carry out projects of re-designing, re-modeling and renovating institutions as per the need of the clients. The company categorizes the projects mainly into the government sector and the Private sector. The company secures private sector contracts, in general, through one-to-one negotiation and Government contracts through bids as per the public notice issued by government departments.

Mumbai-based Gretex Corporate Services Limited was the lead manager of Shantidoot Infra Services Limited.

So far, 151 companies have migrated to the main board. The 391 companies listed on the BSE SME Platform have raised Rs.4,253 crore from the market and the total market capitalization of 391 companies as on September 19, 2022, is Rs. 60,326 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 13th March 2012.

The response since the launch of this platform by BSE has been very positive to date.