Three Hundred and Forty two Companies get listed on BSE SME Platform
AA Plus Tradelink Limited became the 342nd company to get listed on the BSE SME Platform on July 22, 2021
SEBI came out with detailed guidelines on May 18, 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.
AA Plus Tradelink Limited became the 342nd company to get listed on the BSE SME Platform on July 22, 2021. AA Plus Tradelink Limited came out with an initial public offering of 36,00,000 equity shares of Rs.10 each for cash at a price of Rs.18 per equity share , aggregating to Rs.6.48 crore. The company has successfully completed its public issue on July 13, 2021.
AA Plus Tradelink Limited is a Maharashtra based company whose registered office is in Mumbai. The company engaged in the business of trading products made of iron & steel, aluminium, graphite and other alloy products. It is also supplying epoxy floor coatings, industrial epoxy floor coatings, epoxy floor coating marine, PU floor coating etc. It is providing its services to corporate and other clients from the construction and manufacturing industry.
Mumbai based Inventure Merchant Banker Services Private Limited was the lead manager to AA Plus Tradelink Limited
So far, 109 companies have migrated to the main board. The 341 companies listed on the BSE SME Platform have raised Rs. 3,517.15 crore from the market and the total market capitalization of 341 companies as of July 20, 2021, is Rs. 31,265.98 crore. BSE is the market leader in this segment with a market share of 61 per cent.
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 also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful.