Mumbai, Jun 4 (KNN) The total number of companies listed and traded on the BSE SME platform has increased as the market capitalisation of the firms on the alternative stock platform for the SME sector is in the range of Rs 7,332.70 crore.
Today, a Mumbai based finance company, SPS Finquest has come out with a public issue of 45,05,700 equity shares at a price of Rs 75 each (face value of Rs 10 and premium of Rs 65).
SPS Finquest Limited is part of diversified SPS Group having business operations in the fields of Stock Broking, Depository Participant, Mutual Fund distribution, Port Folio Management (PMS) and Insurance Repository Services. The company is presently providing loan against securities and margin financing to its clients.
The company proposes to provide a variety of loan products like IPO financing, loans against gold, loans against commodities, etc. which will further diversify the overall business risk. The management sees opportunities in these segments to reach out to a large number of clients across the geographical presence of the Group.
In trading today, 27 companies traded; there were 16 gainers and 9 losers while 2 remained unchanged.
Among the top gainers were Comfort Commotrade, Samruddhi Realty and Tentiwal Wir; losers were SRG Housing Finance, Tiger Logs and Women’s Next.
BSE which now has 59 companies listed on its SME dedicated platform has crossed the mark of USD 1 million recently within 2 years of its commencement, while several others are waiting to get listed.
BSE commenced the SME platform on March 2012 and in over two- year period, BSE has achieved more than 90 per cent market share helping Indian SMEs create a market capitalisation of more than USD 1 billion. Average IPO size on BSE SME is close to Rs 9 crore per issue.