Atam Valves becomes 328th company to get listed on BSE SME Platform

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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.

Atam Valves Limited became the 328th company to get listed on the BSE SME Platform on October 6, 2020Atam Valves Limited came out with an initial public offering of  11,25,000 Equity Shares of Rs.10 face value each for cash at a price of Rs 40 per equity share (including a premium of Rs30 per equity share), aggregating to Rs 4.5 cr. The company has successfully completed its public issue on September 25, 2020.

Atam Valves Limited is engaged in the business of manufacturing bronze, cast iron, cast steel, carbon steel, stainless-steel, forged steel as well as gun metal industrial valves of various types and sizes.. The company exports and exported in more than 13 regions, viz., United States, Kuwait, Kenya, South Africa, Malaysia, Dubai, Indonesia, Australia, Oman, Philippines, Ethiopia, Nepal and United Kingdom.

Mumbai – based FedEx Securities Limited was the lead manager to Atam Valves Limited.

So far, 86 companies have migrated to the main board. The 326 companies listed on BSE SME Platform have raised Rs. 3,340.36 crore from the market and total market capitalization of 326 companies as on October 6, 2020 is 20,658. 81 Crore. BSE is the market leader in this segment with a market share of 61 percent.

The response since the launch of this platform by BSE has been very positive till date.

Business Gujarat News

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