Healthy Life Agritec Limited becomes the 385th Company to get listed on BSE SME Platform

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Healthy Life Agritec Limited becomes the 385th Company to get listed on BSE SME Platform. Healthy Life Agritec Limited became the 385th company to get listed on the BSE SME Platform on July 26, 2022. Healthy Life Agritec Limited came out with an initial public offering of 1,00,00,000 Equity Shares of Rs.10 each (“Equity Shares”) for cash at a price of Rs. 10 per equity share (The “Offer Price”), aggregating to Rs. 10.00 crore. The company has successfully completed its public issue on July 18, 2022.

Healthy Life Agritec Limited is Maharashtra based company whose registered office is at Thane. The company engaged in the business of Trading Raw Milk, Chicken and Agro Products in the state of Maharashtra and Karnataka. The company has procurement partners, to coordinate the milk procurement process with milk farmers and supply raw milk to milk wholesalers in the state of Maharashtra. The company sells milk powder, bakery goods, buttermilk, yogurt, butter, cheese, paneer, milk cream, dips, custard, ghee, and juices under the brand name Healthy Life. Healthy Life Agritec also procures poultry from poultry growers in the state of Maharashtra and Karnataka and supplies poultry to chicken wholesalers in the state of Maharashtra and Karnataka.

Kolkata based Finshore Management Services Limited, was the lead manager to Healthy Life Agritec Limited.

So far, 149 companies have migrated to the main board. The 384 companies listed on BSE SME Platform have raised Rs.4,122.16 crore from the market and total market capitalization of 384 companies as on July 25, 2022 is Rs. 55,000 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.

Business Gujarat News

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