Mumbai, February 25, 2019: SEBI came out with detailed guidelines on 18th May 2010 for the 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.
Jonjua Overseas Limited became 285th company respectively to get listed on the BSE SME Platform on February 25, 2019. Jonjua Overseas Limited came out with an initial public offering of 13,00,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs.10/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ’130.00’ lacs. The company has successfully completed its public issue on February 15, 2019.
Jonjua Overseas Limited is a Punjab based company whose registered office is at Mohali.
They are engaged in IT-enabled services and are certified service providers to our global clients of IT Solution & Business Services which includes Startup consultancy, Outsourcing Services that include Import and Export Consultancy, International Project Finance and IPO, Legal and Accounts Outsourcing, Digital Solutions includes Website and Software Development and Cross Border Marketing, Brand Building and Business Plan service provider to their clients.
Kolkata based Finshore Management Services Limited was the lead manager for Jonjua Overseas Limited.
The 285 companies listed on BSE SME Platform have raised Rs.2915.25 crores from the market and total market capitalization of 285 companies as on February 25, 2019, is 17,845.72 Crores. BSE is the market leader in this segment with a market share of 59.62 per cent.
The response since the launch of this platform by BSE has been very positive and encouraging.
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