News

Home | Market | News | News Details

News Details

(As on Jan 10, 2017, 01:45)

Maheshwari Logistics SME IPO garners Rs 123-cr subscription

The initial public offer of Maheshwari Logistics has garnered a whopping subscription of Rs 123 crore, making it the second highest share sale of a small and medium enterprise (SME), reported PTI.

The issue, which was subscribed 4.53 times of total shares offered, witnessed huge participation of both retail and non-retail investors, including corporates and HNIs.

The IPO came with a public offering of 39,96,000 equity shares at a price of Rs 68 per equity share on Emerge platform of NSE.

Prior to that, SME IPO of Agro Phos India over subscribed more than 17 times and garnered record break subscription of Rs 200 crore, while Madhya Bharat Agro Products witnessed a subscription of Rs 103 crore.

"Maheshwari Logistics IPO continued the trend and garnered whopping amount of around Rs 123 crores with huge participation from retail and non retail investors. This is also an indication of growing popularity of SME Capital Market in India," Pantomath Group Managing Director Mahavir Lunawat said.

Maheshwari Logistics is engaged in providing logistics services, supply of non-coking coal, manufacturing of kraft paper and trading in a variety of papers.

The SME capital market platform was launched in 2012 by BSE and NSE. Since then, 197 companies have been listed on Indian SME bourses.

"The increasing trend of huge participation in SME markets is a sign of the huge potential such companies inhibit and the confidence of investors in them. With increased participation, SME markets have also gradually evolved in terms of mix of investors," Lunawat said.

The recent IPOs such as Nandani Creations, Commercial Syn Bags, Valiant Organics, Agro Phos India have witnessed participation from various institutional investors like Union Bank and Reliance MF.

The secondary market has also reaffirmed confidence of institutional investors in SME Companies with DSP Rock participating in Ashapura and SIDBI participating in Momai Apparels.

"SME Exchange has successfully transited itself from being an alternative investment platform to being a parallel investment platform for capital market investors," he added.

SEBI REGN NO -NSE CASH : INB231283533 NSE EQUITY DERIVATIVES : INF231283533 NSE CURRENCY DERIVATIVES : INE231283533 BSE CASH: INB011283539 BSE EQUITY DERIVATIVES: INF011283539
FMC unique member code - MCX : MCX/TCM/CORP/1033 NCDEX MEMBER ID:00884 FMC unique member code - NCDEX : NCDEX/TCM/CORP/0854
DP ID No. : 12052700   DP Sebi Reg.No.IN-DP-CDSL-432-2007
NSE | BSE | RBI | SEBI | CDSL | MCX | NCDEX

ATTENTION INVESTORS "Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.......... Issued in the interest of investors". "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with us. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.......... Issued in the interest of investors". "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary".

(Note : Best viewed in 1024 X 768 and above resolution also in IE 9 and above all higher versions.)


Copyright © 2015 Tradewell Securities Limited. All rights reserved.

Designed, developed and content provided by dion

SMS Registration

Submit Clear

Mobile Trading

Segment

Submit Clear

logo

Submit Clear

Investors Grievances

DP Grievances
tslgrievance@tradewellmail.com

Trading Grievances
igtsl@tradewellmail.com

Invest By QFI

QFI's Can now invest in Indian Capital Markets Through Tradewell Securities ltd -
For details Contact
Mr K.Brahmaiah - 9246399440/040-23541258.

CLIENT LOGIN

NOTES:

FRANCHISEE LOGIN

NOTES:

INTERNET TRADING

NOTES: