Mumbai, April 1, 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.
Roopshri Resorts Limited became 292nd company respectively to get listed on the BSE SME Platform on April 1, 2019. Roopshri Resorts Limited came out with an initial public offering of 18,00,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs.20/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ’360.00’ lacs. The company has successfully completed its public issue on March 22, 2019.
Roopshri Resorts Limited is a Maharashtra based company whose registered office is at Matheran. It is a hospitality company which is currently operating “Hotel Alexander” at Matheran, which is a popular hill station in Maharashtra. Hotel Alexander is one of the oldest hotel properties in Matheran and has been in existence operating under this brand for over 3 decades.
Mumbai based Aryaman Financial Services Limited and BCB Brokerage Private Limited were the lead managers for Roopshri Resorts Limited.
The 292 companies listed on BSE SME Platform have raised Rs.2985.84 crores from the market and total market capitalization of 292 companies as on April 1, 2019, is 18,210.50 Crores. BSE is the market leader in this segment with a market share of 59.84 percent.
The response since the launch of this platform by BSE has been very positive.
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