Three SMEs and a startup got listed on BSE SME & startups platform amidst nationwide lockdown

Nirmitee Robotics India Limited becomes 5th company to get listed on the BSE Startups Platform.

BSE SME Startup

BSE, India’s leading exchange with a speed of 6 microseconds, has been in the forefront in helping SMEs and Startups raise money and get listed on the exchange.  Amidst the nationwide lockdown announced due to the novel pandemic, BSE SME and Startups segment have seen three SMEs and one startup get listed on the exchange. On April 21, 2020, Nirmitee Robotics India Limited became the 5th company to get listed on the BSE Startups Platform.

The three SMEs listed during the lockdown period – DJ Mediaprint & Logistics Limited, Cospower Engineering Limited, RO Jewels Limited – have raised Rs 9.35 Cr as on April 21, 2020 while the newly-listed startup Nirmitee Robotics India Limited has raised 3.24 Cr.

Nirmitee Robotics India Limited is a pioneer HVAC Air Duct Cleaning Company based in Nagpur with offices around the world. Nirmitee Robotics came out with an initial public offering of 175,200 Equity Shares of Rs.10/- Each (“Equity Shares”) for Cash at a Price Of Rs. 10/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ‘324.00’ lacs. The company has successfully completed its public issue on April 9, 2020. Mumbai-based Aryaman Financial Services Limited was the lead manager for Nirmitee Robotics India Limited.

Commenting on the listing, Ajay Thakur, Head- BSE SME, said, “BSE in these tough times is helping Startups and SMEs to raise funds through its SME and Startups platforms. We as an institution is wholly committed to the all-round development of the country.”

Ajay Thakur, Head- BSE SME

The four companies listed so far on BSE Startups Platform – Alphalogic Techsys Limited, Transpact Enterprises Limited, Valencia Nutrition Limited and Tranway Technologies Limited have been able to raise Rs. 22.24 crore from the market and the total market capitalization of these companies as on April 21, 2020 is 62.47 crore. 

The 322 companies listed on BSE SME Platform have raised Rs. 3,320.48 crores from the market and total market capitalization of these companies as on 21st April 2020 is Rs 15,918.07 Crores.

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