G M Polyplast Limited became the 329th company to get listed on the BSE SME Platform on October 14, 2020. G M Polyplast Limited came out with an initial public offering of 5,08,800 Equity Shares of Rs.10 each for cash at a price of Rs 159 per equity share (including a premium of Rs 149 per equity share), aggregating to Rs 8.09 cr. The company has successfully completed its public issue on October 6, 2020.
G M Polyplast Limited is engaged in the business of manufacturing of H.I.P.S, A.B.S & P.E.T sheets and also manufacture Granules, the raw material used to manufacture the sheets. They sell their products through distributors and retailers spread across the country. They also export to countries such as UAE, Israel, Jordan, Hong Kong.
Mumbai based Gretex Corporate Services Private Limited was the lead manager to G M Polyplast Limited.
So far, 86 companies have migrated to the main board. The 328 companies listed on BSE SME Platform have raised Rs. 3,366.78 crore from the market and total market capitalization of 328 companies as on October 14, 2020 is 21,415. 59 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.