Times Green Energy 340th Company to get listed on BSE SME Platform. 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.
Times Green Energy (India) Limited became the 340th company to get listed on the BSE SME Platform on June 30, 2021. Times Green Energy (India) Limited came out with an initial public offering of 6,64,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.61 Per Equity Share (The “Offer Price”), Aggregating to Rs. 4.05 Crore. The company has successfully completed its public issue on June 22, 2021.
Times Green Energy (India) Limited is a Telangana based company whose registered office is at Somajiguda, Hyderabad. The company engaged in the farming and selling activities of agriculture produce and trading of natural organic products, bioproducts and pesticides. The company operates in two business segments;Agro Business (distribution of agro products and agrochemicals including organic bio -products) and Women Hygiene and Safety (distribution of sanitary napkins).
Mumbai based Aryaman Financial Services Limited, was the lead manager to Times Green Energy (India) Limited
So far, 104 companies have migrated to the main board. The 339 companies listed on BSE SME Platform have raised Rs.3,511.88 crore from the market and total market capitalization of 339 companies as on June 29, 2021 is Rs. 28,500.55 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.