Media ReleaseThree Hundred and sixteenth Company to get listed on BSE SME Platform
JANUS CORPORATION LIMITED
Three Hundred and sixteenth Company to get listed on BSE SME Platform
Mumbai, 6th February 2020: 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.
Janus Corporation Limited became 316th company to get listed on the BSE SME Platform on February 6, 2020. Janus Corporation Limited came out with an initial public offering of 15,99,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs. 50/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ‘799.50’ lacs. The company has successfully completed its public issue on 30th January, 2020.
Janus Corporation Limited is a Maharashtra based company whose registered office is at Mumbai. The company has diversified business with Construction, Media, Consulting and Trading as primary segments. They are engaged in the business of Civil Construction, land and site development, land filling, fencing walls, erection of hoardings etc. The company is also engaged in the business of trading of various construction related materials such as cements, iron & steel, sand, soil, aluminum etc. They have undertaken supplies of material for various projects by known developers. They also provide construction and projects related consulting to various clients. The Construction Management Consultancy include Site Management, Construction Supervision & Management, Safety Management, Safety audits, safety systems & processes, Safety documentation amongst others.
Mumbai based First Overseas Capital Limited was the lead manager to Janus Corporation Limited.
The 316 companies listed on BSE SME Platform have raised Rs. 3289.94 crores from the market and total market capitalization of 316 companies as on 6th February 2020 is 18,240.26 Crores. BSE is the market leader in this segment with a market share of 59.77% percent.
The response since the launch of this platform by BSE has been very positive and till date, 315 companies have already listed on this platform
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
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