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.
Navoday Enterprises Limited became the 338th company to get listed on the BSE SME Platform on June 25, 2021. Navoday Enterprises Limited came out with an initial public offering of 23,04,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.20 Per Equity Share (The “Offer Price”), Aggregating to Rs. 4.61 Crore. The company has successfully completed its public issue on June 17, 2021.
Navoday Enterprises Limited is a Maharashtra based company whose registered office is at Mumbai, Maharashtra. The company engaged in the business of marketing support and
advertising services, management and financial consultancy services and component supply and support services to manufacturers of packaging and allied machines.
Mumbai based Inventure Merchant Banker Services Private Limited, was the lead manager to Navoday Enterprises Limited
So far, 104 companies have migrated to the main board. The 337 companies listed on BSE SME Platform have raised Rs.3,497.52 crore from the market and total market capitalization of 337 companies as on June 24, 2021 is Rs. 27,771.99 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.