Bhatia Colour Chem Limited becomes 365th company to get listed on BSE SME platform

In a major development, Bhatia Colour Chem Limited became the 365th company to get listed on the BSE SME Platform on March 24, 2022. Bhatia Colour Chem Limited came out with an initial public offering of 50,00,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 80 Per Equity Share (The “Offer Price”), Aggregating to Rs. 40.00 Crore. 

The company has successfully completed its public issue on March 16, 2022, an official statement said.    

Bhatia Colour Chem Limited becomes the 365th company to get listed on @BSESME, India’s largest #SME platform.@ashishchauhan @SameerPatil2019 @NeerajK_ @nayan_mehta @GIRIBSE @athakur111 @ShankarJadhav01 pic.twitter.com/6DuP0uKAHO

— BSE India (@BSEIndia) March 24, 2022

Ahmedabad-based INTERACTIVE FINANCIAL SERVICES LIMITED, was the lead manager to Bhatia Colour Chem Limited.

So far, 131 companies have migrated to the main board. 

The 364 companies listed on BSE SME Platform have raised Rs.3,844.54 crore from the market and total market capitalization of 364 companies as on March 23, 2022 is Rs. 49,091.91 Crore. 

BSE is the market leader in this segment with a market share of 61 percent. 

SEBI came out with detailed guidelines on 18th May 2010 for launching of SME Exchange/Platform.

BSE was the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March 2012.