Mumbai: 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.
Novateor Research Laboratories Limited became 309th company to get listed on the BSE SME Platform on September 13, 2019. Novateor Research Laboratories Limited came out with an initial public offering of 18,72,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs. 24/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ’449.28’ lacs. The company has successfully completed its public issue on 4th September, 2019.
Novateor Research Laboratories Limited is a Gujarat-based company whose registered office is at Ahmedabad. The Company is engaged in manufacturing of Teeth Whitening Strips and Development of novel personal care products that are intended to provide safe, easy and innovative approach to the existing traditional personal care solutions. Novateor Research develop products that could provide significant clinical as well as commercial advantage.
Mumbai based First Overseas Capital Limited was the lead manager to Novateor Research Laboratories Limited.
The 309 companies listed on BSE SME Platform have raised Rs. 3,237.47 crores from the market and total market capitalization of 309 companies as on 13th September 2019 is 18,178.15 Crores. BSE is the market leader in this segment with a market share of 60.59 percent.
The response since the launch of this platform by BSE has been very positive and till date, with 308 companies already been listed on this platform
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