Mumbai: India’s leading stock exchange, NSE, listed Perfect Infraengineers Limited today on its SME platform. Significantly, Small Industries Development Bank of India (SIDBI) is one of the merchant bankers of the issue. It is for the first time that SIDBI is acting as a merchant banker in the exchange traded SME space. SIDBI is the principal financial institution for the promotion, financing and development of the Micro, Small and Medium Enterprise sector and for co-ordination of the functions of the institutions engaged in similar activities.
Perfect Infraengineers Limited will be the 32nd company overall to list on EMERGE platform of NSE (IPO and ITP included). Mr Ravi Varanasi, Chief – Business Development, NSE, said, “Response from the SME companies in India has so far been encouraging. Since NSE encourages high level of corporate governance, many are at different stages of evaluation and will be listed soon, like Perfect Infraengineers.”
As per the information received from the company, it was incorporated in May, 1996 Perfect Infraengineers Limited and is engaged in the business of air conditioners and providing all inclusive maintenance services to multinational and other Indian corporate. Later during 2006-07, they diversified and expanded activities and started providing turnkey jobs of Heating Ventilation and Air Conditioning (HVAC). Its consolidated total revenue from continuing operations increased from about Rs. 197 million in fiscal 2013 to Rs. 255 million in fiscal 2015. Its consolidated restated profits after tax from continuing operations increased from Rs. 7.09 million in fiscal 2013 to Rs. 15.64 million in fiscal 2015. The company entered capital market with its maiden initial public offering (IPO) of 25,08,000 equity shares of face value of Rs. 10/- aggregating to Rs. 5.77 crores. The issue was opened for subscription from Oct 30th, 2015 and closed on Nov 04th, 2015. Beside SIDBI the other merchant banker to the issue was Keynote Corporate Services Limited.
Your email address will not be published. Required fields are marked *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Sign me up for the newsletter!
Bank of India organizes MSME support and Outreach Program
LinkedIn launches a new way to see and discuss trending news
Daimler India Commercial Vehicles powers ahead on sustainable growth track
Bobby Mukherji and Associates designs Lemon Tree Premier hotel in Pune
Access to affordable medical care and National Health Protection Scheme, priority of Government: D V Sadananda Gowda
2014 The Global Indian New Network (TGINN)