In a significant development, Bhatia Colour Chem Limited made its mark as the 365th company to be listed on the BSE SME Platform on March 24, 2022. The company initiated its journey by offering 50,00,000 Equity Shares of Rs. 10 Each for cash at a price of Rs. 80 per Equity Share, amounting to Rs. 40.00 Crore.

The public issue of Bhatia Colour Chem Limited concluded successfully on March 16, 2022, as per an official statement.

Key Highlights

  • Company: Bhatia Colour Chem Limited
  • Listing Date: March 24, 2022
  • Offering: 50,00,000 Equity Shares
  • Offer Price: Rs. 80 per Equity Share
  • Total Amount Raised: Rs. 40.00 Crore

Lead Manager and Migration

The lead manager for Bhatia Colour Chem Limited was Ahmedabad-based INTERACTIVE FINANCIAL SERVICES LIMITED. Notably, 131 companies have migrated to the main board thus far.

Market Performance

Among the 364 companies listed on the BSE SME Platform, a total of Rs. 3,844.54 crore has been raised from the market. The collective market capitalization of these companies stood at Rs. 49,091.91 Crore as of March 23, 2022. BSE leads this segment with a market share of 61 percent.

Regulatory Background

SEBI introduced comprehensive guidelines on May 18, 2010, regarding the launch of SME Exchange/Platform. BSE, being proactive, secured approval from SEBI and inaugurated its SME platform on March 13, 2012.

SEO Focus Keyword: BSE SME Platform