Naturo Indiabull Limited becomes 387th company to get listed on BSE SME Platform. Naturo Indiabull Limited became the 387th company to get listed on the BSE SME Platform on September 02, 2022. Naturo Indiabull Limited came out with an initial public offering of 36,40,000 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. 10.92 crore. The company has successfully completed its public issue on August 24, 2022.
Naturo Indiabull Limited is Rajasthan based company whose registered office is at Jaipur. The company engaged in the business of the Fast-Moving Consumer Goods industry. The brand purchases a variety of products from manufacturers and sells them in its own brand directly to wholesellers and through agents. It carries on the business of garments, textiles, jewellery, FMCG, Real Estate, Stone-Mines, Herbal Products, Automobile, Printing, Share Trading, providing education, Agriculture Seeds and Fertilizers, Hospitality, and Food items. It also trades in various health products and kits including sanitary towels, sanitary napkins, hand sanitiser, and other health kits. Currently, it is diversifying its product portfolio to health and herbal products i.e., soaps, shampoos, medicines, juices, tablets, etc.
Finshore Management Services Limited, was the lead manager to Naturo Indiabull Limited.
So far, 150 companies have migrated to the main board. The 386 companies listed on BSE SME Platform have raised Rs.4,134 crore from the market and total market capitalization of 386 companies as on September 01, 2022 is Rs. 58,000 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 became 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.