New applicants to raise Rs 24.99 crore on BSE SME Platform

Mumbai, Apr 2 (KNN)  BSE SME Platform which offers entrepreneurs an investor friendly environment, enabling the listing of SMEs scattered throughout India, has received several new applications for listing to raise more than Rs 24.99 crore.
 
Five new companies which have applied for listing are:  Dhanuka Commercial Private Limited,   Sirohia and Sons Limited, Starlit Power Systems Limited, Shareway Securities Limited, and GCM Capital Advisors Limited.
 
Delhi based Dhanuka Commercial Private Limited is a non-deposit taking, non-systemically important, non-banking Finance Company engaged primarily in the business of advancing loans and investing/trading in securities.  Its public issue of 44,40,000 equity shares of a face value of Rs 10/- each will aggregate Rs 444.00 lakhs.
 
Sirohia and Sons Limited operating from Kolkata is engaged in the business of dealing in fertilizers and pesticides catering primarily to the tea industry located in the North East region of the country particularly the state of Assam and West Bengal. Its public issue of 30,00,000 equity shares of Rs 10/- each for cash at a price of Rs 12/- per share will aggregate to Rs 360.00 lakhs.
 
Starlit Power Systems Limited located in the national capital is engaged in smelting of battery and lead scrap, manufacture, supply and export of pure lead, different lead alloys like Calcium Aluminum alloy antimonial alloy and selenium alloy, lead oxides like lead sub oxide and red lead. Its public issue of 16,40,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 18/- per equity share will aggregate to Rs. 295.20 lakhs.
 
With registered office in Chennai, Shareway Securities Limited is a brokerage house, providing a wide range of products and services covering equity broking, currency derivatives and investment advisory to all kinds of investors. Its public issue of 35,70,000 equity shares of Rs 10 each for cash at a price of Rs 14 per share aggregates to Rs 499.80 lakhs.  
 
GCM Capial Advisors Limited of Mumbai is a diversified financial services company mainly engaged in the business of providing financial advisory and consultancy services.  It is engaged in treasury operations by providing funding solutions to clients both in the form of debt and equity and investment activities. Its public issue of 45,00,000 equity shares of face value of Rs 10 each for cash at a price of Rs 20 per equity share aggregates to Rs 900.00 lakhs.
 
Last month, R and B Denims, makers of quality fabrics and Women’s Next, makers and sellers of women’s lingerie registered on the BSE SME platform to raise Rs 25.5 crore and Rs 4 crore respectively by issue of shares.