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.
Advait Infratech Limited became the 326th company to get listed on the BSE SME Platform on September 28, 2020. Advait Infratech Limited came out with an initial public offering of 1,350,000 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. 6.89 Crores. The company has successfully completed its public issue on September 18, 2020.
Advait Infratech Limited is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. Based in Ahmedabad, India – the business hub of Gujarat, Advait was found in the year 2008 achieving substantial growth in a short span of a year.
They have nationwide footprints through affiliated team members in Ahmedabad, Baroda, Delhi, Mumbai, Hyderabad, Kolkata and Chennai.Mumbai – based ISK Advisors Private Limited was the lead manager to Advait Infratech Limited.
The 326 companies listed on BSE SME Platform have raised Rs. 3,340.36 crore from the market and total market capitalization of 325 companies as on September 28, 2020 is 20,350.31 Crore. BSE is the market leader in this segment with a market share of 61 percent.
About Author
