Shantidoot Infra Services Limited becomes 392nd Company to get listed on BSE SME Platform. Shantidoot Infra Services Limited became the 392nd company to get listed on the BSE SME Platform on September 19, 2022. Shantidoot Infra Services Limited came out with an initial public offering of 4,96,000 Equity Shares of Rs.10 each (“Equity Shares”) for cash at a price of Rs. 81 per equity share (The “Offer Price”), aggregating to Rs. 4.02 crore. The company has successfully completed its public issue on September 09, 2022.
Shantidoot Infra Services Limited is Bihar based company whose registered office is at Patna. The company engaged in construction of institutional buildings like schools, colleges, hospitals, offices, hotels, etc. The company also carry out projects of re-designing, re-modelling and renovating institutions as per the need of the clients. The company categorises the projects mainly into the government sector and the Private sector. The company secure private sector contracts, in general, through one-to-one negotiation and Government contracts through bids as per the public notice issued by government departments.
Mumbai based Gretex Corporate Services Limited, was the lead manager to Shantidoot Infra Services Limited.
So far, 151 companies have migrated to the main board. The 391 companies listed on BSE SME Platform have raised Rs.4,253 crore from the market and total market capitalization of 391 companies as on September 19, 2022 is Rs. 60,326 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.