Tag: capital markets

BSE SME platform expects 30 IPOs in 3 months

BSE SME platform expects 30 IPOs in 3 months

09/05/2016 01:36

Leading stock exchange BSE said that it is expecting 30 initial public offerings (IPOs) on its small and medium-sized enterprises (SME) platform in next three months, as per the media reports.

This is on top of 17 SMEs that already got listed in this year.

“The IPO pipeline is good, which shows that confidence among the companies. We are expecting 30 SME IPOs in the next three months,” BSE MD and CEO Ashishkumar Chauhan said, quoted PTI.

He was speaking on the sidelines of a seminar on ‘Is the corporate sector over-regulated?’, organised by an industry body.

Listing will help these companies enterĀ and finally to graduate on to the mainboard.

These companies belong to a wide range of sectors, like logistics services, media, automotive components, infrastructure and hospitality, among others.

BSE had launched SME platforms in March 2012 to provide opportunity to such firms to raise capital for growth and expansion. Since then a total of 136 companies got listed on its SME segment and 18 of these firms have migrated to the main board platform.

Advertisements
Infibeam to hit markets on March 21; seeks up to Rs 450 cr via IPO

Infibeam to hit markets on March 21; seeks up to Rs 450 cr via IPO

16/03/2016 14:28

Online shopping portal Infibeam Incorporation will hit the capital markets on March 21 to mop-up Rs 450 crore through an initial share plan, becoming the first e-commerce firm to tap the IPO route, said the media report.

The company has fixed the price band at Rs 360-432 per equity share for the IPO.

The initial public offer (IPO) will conclude on March 23, as per the latest update available with capital markets regulator Securities and Exchange Board of India (Sebi). As per Draft Red Herring Prospectus, Gujarat-based Infibeam plans to come out with public issue of equity shares worth up to Rs 450 crore.

Started in 2007, Infibeam runs several e-commerce services like Infibeam.com, BuildaBazaar, Incept and Picsquare. It has proposed to list its shares on the NSE and BSE. The issue is being managed by SBI Capital Markets and Elara Capital India.

Infibeam plans to utilise the IPO proceeds towards setting up of cloud data centre and shifting and setting up of registered and corporate office of the company. Besides, the funds will be used for setting up of 75 logistics centres, purchase of software and for other general corporate purposes.