Daps Advertising Limited becomes the Four Hundred and Sixth Company to get listed on BSE SME Platform. Daps Advertising Limited became the 406th company to get listed on the BSE SME Platform on November 14, 2022. Daps Advertising Limited came out with an initial public offering of 17,00,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 30 Per Equity Share (The “Offer Price”), Aggregating to Rs. 5.10 Crore. The company has successfully completed its public issue on November 03, 2022.
Daps Advertising Limited is Uttar Pradesh-based company whose registered office is in Kanpur. The company engaged in the business of providing advertising agency services. The company offers a range of advertising media services consisting of print media, electronic media and outdoor media services which cover advertisement modes such as newspapers, brochures, magazines, television channels, FM channels, and display of outdoor hoardings etc. The company’s customers include corporate clients operating in various business fields viz. construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation, Government organizations etc.
Mumbai-based Shreni Shares Private Limited, was the lead manager to Daps Advertising Limited.
So far, 153 companies have migrated to the main board. The 405 companies listed on BSE SME Platform have raised Rs.4,479 crore from the market and total market capitalization of 405 companies as on November 11, 2022 is Rs. 63,000.00 Crore. BSE is the market leader in this segment with a market share of 61 percent.
SEBI came out with detailed guidelines on 18th May 2010 for launching of SME Exchange/Platform. BSE was the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March 2012.
The response since the launch of this platform by BSE has been very positive till date.