Achyut Healthcare, Evoq Remedies become 366th and 367th Company respectively to get listed on BSE SME Platform

In a major development, Achyut Healthcare Limited and Evoq Remedies Limited became the 366th and 367th company respectively to get listed on the BSE SME Platform on March 30, 2022. 

Achyut Healthcare 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. 3.60 Crore. The company has successfully completed its public issue on March 22, 2022. Evoq Remedies Limited came 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. 27 Per Equity Share (The “Offer Price”), aggregating to Rs. 9.72 Crore. The company has successfully completed its public issue on March 22, 2022.

So far, 131 companies have migrated to the main board. The 365 companies listed on BSE SME Platform have raised Rs.3,884.54 crore from the market and total market capitalization of 365 companies as on March 29, 2022 is Rs. 47,782.00 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.