Sun. Jun 4th, 2023

90 percent of ‘small and medium enterprises’ listed on BSE

Medium Enterprises

The Small and Medium Enterprises(SME) segment is contributing significantly in driving the economy. In May 2010, SEBI (Security and Exchange Board of India) had come out with detailed guidelines for launching a stock exchange platform for SMEs.

BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March 2012. Kwality Pharmaceuticals Limited became 145th company respectively to get listed on the BSE SME Platform, recently. Kwality Pharmaceuticals Limited came out with an initial public offering of 13,80,000 Equity Shares of Rs 10/- Each (“Equity Shares”) For Cash At a Price Of Rs 45/- Per Equity Share(The “Issue Price”), Aggregating to ‘621.00’ lacs. The company has successfully completed its public issue on July 8, 2016.

Based out of Punjab, Kwality Pharmaceuticals Limited’s registered office is at Amritsar. The Company is engaged in the business of manufacturing of a broad range of finished pharmaceutical formulations in a dosage form. Its production is based on standards laid down in pharmacopeia and technical reports series (TRS) guidelines of WHO (World Health Organization). The working of the company is governed by Standard Operating Procedures (SOP).

Kolkata-based Guiness Corporate Advisors Private Limited was the lead manager for Kwality Pharmaceuticals Limited.

Notably, the 145 companies listed on BSE Smal and Medium Enterprises Platform have raised Rs 1087.57 crores from the market and total market capitalization of 145 companies as on 18th July 2016 is 10,479.52 crores. BSE is the market leader in this segment with a market share of 90 percent.

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