Media Release
Narayani Steels Limited & Ganga Pharmaceuticals Ltd have filed DRHP on BSE SME Platform
Mumbai, September 28, 2015: SEBI has come out with detail 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. Narayani Steels Limited became the 133th company & Ganga Pharmaceuticals Ltd become the 134th to submit their DRHP on the BSE SME Platform on September 28, 2015.
Narayani Steels ltd to come out with an initial public offering of 36,00,000 equity shares of Rs 10/- each (“equity shares”) for cash at a price of Rs 32/- per equity share(the “issue price”),aggregating to `1152’ lacs.
Ganga Pharmaceuticals Limited to come out with an initial public offering of 10,24,000 Equity Shares of Rs 10/- each (“equity shares”) for cash at a price of Rs 15/- per equity share(the “issue price”),aggregating to `153.60’ lacs.
Narayani Steels Limited is an Andhra Pradesh based company engaged in trading and manufacturing of hot rolled long products of value added steel. The Company trade in blooms, billets, TMT bars, pellets, etc and also manufacture TMT bars and other long products such as rounds, flats, angles, channels, etc. As on financial year 2015 company has a Turnover of 600 Cr. Currently the Company operates two manufacturing units, both of which are situated in Vizianagaram district. Mumbai based Pantomath Capital Advisors Private Limited is the lead manager for the company.
Ganga Pharmaceuticals Limited is a Mumbai based company engaged in production of quality Bulk Ayurvedic Medicines in Mumbai. Apart from manufacturing, the company is also into marketing, distribution of Bulk Ayurvedic Medicines. As on date the company, it has 230 (mention the total number of products in all the categories) number of products in its total portfolio. Mumbai based First Overseas Capital Limited is the lead manager for the company.
110 companies are already listed on BSE SME platform and out of which six companies have migrated to main board of BSE.
The 110 companies listed on BSE SME Platform have raised Rs 832.69 crores from the market and total market capitalization as on 28th September, 2015 is 7733.15 crores. BSE is the market leader in this segment with a market share of 95%.
Media Contact
Yatin Padia
022 2272 8516
Yatin.padia@bseindia.com