Two Hundred and Ninety First Company to get listed on BSE SME Platform
Mumbai, March 28, 2019: SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
Humming Bird Education Limited became 291st company respectively to get listed on the BSE SME Platform on March 28,2019. Humming Bird Education Limitedcame out with an initial public offering of 1,63,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs.132/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ’215.16’ lacs. The company has successfully completed its public issue on March 19, 2019.
Humming Bird Education Limited is a Delhi based company whose registered office is at Delhi. The company is involved in the business related to education. The company has served thousands of schools encompassing lakhs of students with the Olympiad examinations.
Delhi based Share India Capital Services Limited was the lead manager for Humming Bird Education Limited.
The 291 companies listed on BSE SME Platform have raised Rs.2982.24 crores from the market and total market capitalization of 291 companies as on March 28, 2019 is 17,856.86 Crores. BSE is the market leader in this segment with a market share of 59.88 percent.
The response since the launch of this platform by BSE has been very positive.
