Bumper SME IPO listings, 400th company lists on BSE SME platform

Chief Guest Shri Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution & Textiles, Govt. of India, today rang the BSE Bell along with Shri Ram Charan Bohra, MP (From Jaipur) and Senior Officials of BSE to mark the listing of 400^th Company on the erstwhile BSE SME, India’s largest equity capital market platform for small and medium enterprises (SMEs). With the listing of 6 new IPO bound companies, the BSE SME now has taken the listed company count to 402 with a market cap of over Rs. 62,177 Crore.

 Here is the list of 9 companies (complied by AARYANA MATASCO, Investor Relations and PR consultancy) that had a pumper listing today on BSE SME and NSE Emerge

 

Company	Listing price (Rs)	Issue price	Percentage gain/loss
Isolation Energy	76.1	38	100
Concord Control Systems	109.95	55	98.18
Steelman Telecom	161	96	67.70
Cargotrans Maritime	70	45	55.55
Cargosol Logistics	42.40	28	51.42
Cyber media	245.25	180	36.12
Reetech International	82	105	28
Trident Lifeline	105	101	3.96
Silicon Rentals	80	78	2.56

As per a recent story by PTI  “Strong performance of past IPOs spurred investors' interest, with 87 small and medium enterprises (SMEs) garnering Rs 1,460 crore through initial share-sales in the first nine months of the year. This was way higher than 56 companies that had raised Rs 783 crore through initial public offering (IPO) in the entire 2021, the industry data showed.

"SME segment is not impacted by the bearishness in the market and investors are looking forward to the healthy pipeline of IPOs going forward, many companies have filed or planning to file their documents for listing on the BSE SME and NSE Emerge platforms," Prateek Jain, Director at Hem Securities, said.

Gaurav Jain, Director at Hem Securities, attributed the robust fund raising in this year to strong performance of many IPOs in the segment that attracted more investors. "Though small in size, these IPOs are getting a good response. The segment has performed at a time when the benchmark indices have taken a beating and IPOs on the main boards have seen fewer public issues, compared to last year,"