Two Hundred and Ninety Seventh Company to get listed on BSE SME Platform
Mumbai, May 10, 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.
White Organic Retail Limited became 297th company to get listed on the BSE SME Platform on May 10, 2019. White Organic Retail Limited came out with an initial public offering of 24,54,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs.63/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ’1546.02’ lacs. The company has successfully completed its public issue on May 02, 2019.
White Organic Retail Limited is a Maharashtra based company whose registered office is at Ghatkopar. The Company is engaged trading in Agricultural products including Organic and other Products and started Distribution and Retailing of those Products. The company is into trading of Agriculture produce like Cereals, Pulses, Grains, Fruits and Vegetables.
Kolkata based Finshore Management Services Limited was the lead managers for White Organic Retail Limited.
The 297 companies listed on BSE SME Platform have raised Rs. 3017.10 crores from the market and total market capitalization of 297 companies as on May 10, 2019 is 17,799.34 Crores. BSE is the market leader in this segment with a market share of 60.16 percent.
The response since the launch of this platform by BSE has been very positive.
