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Investors reap rich rewards on BSE SME, market cap crosses Rs 6,000 cr

Mumbai, Apr 3 (KNN) Investors trading in the BSE SME platform were rewarded in a handsome way as the market capitalisation of the firms listed and traded on the platform today crossed Rs 6,000 crore, notching up gains of Rs 1000 crore in less than a month.  This is in sync with the overall bullish sentiment in the stock market.

Meanwhile, as many as 55 companies have listed themselves on the BSE SME, with the Chennai based Oceanaa Biotek Industries joining the platform today.

The company has as an initial public offering 52,18,150 equity shares of Rs 10 each for cash at a price of Rs 10 per share.  The trading lot size is 10000 shares.

Oceanaa Biotek Industries Limited (OBIL) is a specialized food testing laboratory. OBIL is an independent entity of the Oceanaa group of companies with interests in processing of marine products, vegetables and fruits - both for export sector and domestic retail sector. Its focus is to offer the market a state-of-the-art laboratory that is certified and accredited to the highest standards.

“Our vision is to be the best food testing facility in India offering both Indian and International clients scientific and up-to-date technology,” it said. 

BSE SME Platform offers an entrepreneur an investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector. 

Some of the other companies waiting in the wings to raise capital and get listed on the platform are – Dhanuka Commercial Limited; Sirohia and Sons Limited; and Starlit Power Systems Limited Ltd.

Though the number on the BSE SME has been rising, less than one third of the companies are actively traded in this bourse. 

Today, only 13 companies witnessed active trades.  Among them top gainers were – Sunstar Realty, Kushal, HPC Biosciences, Channel Nine, Esteem Bio and Eco Friendly Food; while top losers were -  Anisha Impex, Unishire, ALSL, Ashapura Intimates, VJKINFRA, Looks Health and Edynamics Sol.