On July 12, 2022, Kesar India Limited made its debut on the BSE SME Platform, marking its entry as the 381st company to be listed, according to a statement released by BSE.

Initial Public Offering Details

Kesar India Limited offered 930,400 Equity Shares of Rs. 10 each at a price of Rs. 170 per share, totaling Rs. 15.82 crore. The public issue concluded successfully on July 04, 2022.

The lead managers to Kesar India Limited were Mumbai-based FEDEX SECURITIES PRIVATE LIMITED and HEM SECURITIES LIMITED.

About Kesar India Limited

  • Kesar India Limited is a Maharashtra-based company with its registered office in Nagpur.
  • The company specializes in developing and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, and more.

Progress and Market Performance

To date, 147 companies have migrated to the main board from the BSE SME Platform. The 380 companies listed on the platform have collectively raised Rs. 4,047.69 crore from the market, with a total market capitalization of Rs. 51,200.20 crore as of July 11, 2022. BSE holds a dominant market share of 61% in this segment.

SEBI introduced comprehensive guidelines on May 18, 2010, for the launch of SME Exchanges/Platforms. BSE was the first stock exchange to receive approval from SEBI and inaugurate its SME platform on March 13, 2012.

This article was originally sourced from msmestory

**Focus Keyword: BSE SME Platform**