Mumbai, SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSEbecame the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
Veeram Infra Engineering Limited became 274th company respectively to get listed on the BSE SME Platform on October 23rd, 2018. Veeram Infra Engineering Limited came out with an initial public offering of 21,06,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs. 51/- Per Equity Share(The “Offer Price”), Aggregating to Rs. ‘1074.06’ lacs. The company has successfully completed its public issue on October 12, 2018.
Veeram Infra Engineering Limited is a Gujarat based company whose registered office is at Ahmedabad. They are engaged into the business of graphic designing, trading business of general merchantile and real estate business.
Mumbai based First Overseas Capital Limited was the lead manager for Veeram Infra Engineering Limited.
The 274 companies listed on BSE SME Platform have raised Rs.2721.19 crores from the market and total market capitalization of 274 companies as on October 23, 2018 is 17848.57 Crores. BSE is the market leader in this segment with a market share of 59.18 percent.
The response since the launch of this platform by BSE has been very positive and encouraging.