India’s micro, small and medium enterprises (MSMEs) sector has been at the centre of attention for a long time now. There are more than 63 million MSMEs, which employ around 110 people and form a key pillar of the Indian economy. However, 99% of the companies remain micro in their life cycle.
India is one of the major players in auto components, SMEs have thrived in the auto sector. India is the largest auto industry in the world and makes 25.3 million vehicles, against 17.5 million in the US and 12.6 million in Europe.
SME’s are playing a crucial role in fulfiling Hon. Prime Minister Narendra Modi’s aim of making India ‘atmanirbhar’ (self-reliant). Since the outbreak of the COVID-19 pandemic in the country, India has realised the potential of this crucial sector, allowing the Centre and state governments to work in tandem to boost the economy.
Several entrepreneurs and businessmen have also emerged throughout the country, providing employment and job opportunities to lakhs of people across India amid the unprecedented times of COVID-19. Thus, Jagran New Media has decided to honour such entrepreneurs and businessmen through Naya Bharat SME Awards 2021.
The BSE Limited is aiming at listing some 60 companies on the SME platform this fiscal, backed by the ongoing bull run in the market and relaxation in eligibility criteria.
As on July 31, 2021, the total 194.46 Crore raised through SME IPO in India and total 20 Companies were listed. Out of these 20 companies, 6 companies listed on NSE Emerge Platform, 11 companies listed on BSE SME Platform and 3 companies listed on BSE Start-Up Platform.
Merchant Banker and Market Maker
Total SME Companies Listed
Detailed Report on SME Initial Public Offer (IPO) for July, 2021
| Name of Company | Focus Business Solution Limited | Walpar Nutritions Limited | AA Plus Tradelink Limited |
| Date of Listing | 13-July-2021 | 13-July-2021 | 22-July-2021 |
| Stock Exchange where listed | BSE SME | NSE Emerge | BSE SME |
| Industry | IT Consulting & Software | Pharmaceutical | Comm. Trading & Distribution |
| State | Gujarat | Gujarat | Maharashtra |
| Issue Size | 1.21 Crore | 6.6 Crore | 6.48 Crore |
| Market Lot/ Min Order Quantity | 6000 | 2000 | 8000 |
| No. of Times Subscribe | 6.66 | 9.48 | 1.46 |
| Lead Manager | Navigant Corporate Advisors Limited | Beeline Broking Limited | Inventure Merchant Banker Services Private Limited |
| IPO price | ₹ 19/- | ₹ 55/- | ₹ 18/- |
| Open on Listing Date | ₹ 29.35/- | ₹ 59.95/- | ₹ 17.50/- |
| 52 Wk High | ₹ 29.35/- | ₹ 62.85/- | ₹ 17.50/- |
| 52 Wk Low | ₹ 14.90/- | ₹ 32.50/- | ₹ 8.22/- |
| Closing Price as on 31-07-2021 | ₹ 19.40/- | ₹ 39.10/- | ₹ 13/- |
| Market Capitalization as on 31-07-2021 | 4.31 Crore | 17.76 Crore | 10.61 Crore |
Comparison Of Listed Company with BSE SME IPO Index and NIFTY NSE Emerge Index
Companies Migrated to Main Board of Exchange in July, 2021
| Sr. No. | Name of the Company | Date of Migration | State | Exchange |
| 1 | K.P.I. Global Infrastructure Limited | 27-Jul-2021 | Gujarat | BSE |
| 2 | Manorama Industries Limited | 20-Jul-2021 | Maharashtra | BSE |
| 3 | Ashapuri Gold Ornament Limited | 16-Jul-2021 | Gujarat | BSE |
| 4 | Raw Edge Industrial Solutions Limited | 12-Jul-2021 | Maharashtra | BSE |
| 5 | Ganga Forging Limited | 06-Jul-2021 | Gujarat | NSE |
| 6 | Hindcon Chemicals Limited | 05-Jul-2021 | West Bengal | NSE |
Draft Prospectus Filed with Stock Exchange
| Sr. No. | Name of the Company | Date of Draft Prospectus | State | Exchange |
| 1 | DU Digital Technologies Limited | 12-Jul-2021 | Delhi | NSE EMERGE |
Comparisons Of Listing Price Before And After Migration
Companies Migrated from NSE SME platform to NSE Main Board
| Sr. No. | Name of Securities | Date of Migration | Price Before Migration (In Rupees) | Price as on 31-07-2021 (In Rupees) | Growth/Decline (In Rupees) | % of Growth/Decline |
| 1 | Ganga Forging Limited | 06-Jul-21 | 95.15 | 113.1 | 17.95 | 18.86% |
| 2 | Hindcon Chemicals Limited | 05-Jul-21 | 39.8 | 74.55 | 34.75 | 87.31% |
| 3 | Moksh Ornaments Limited | 21-May-21 | 67.35 | 29.7 | -37.65 | -55.90% |
| 4 | Ajooni Biotech Limited | 07-May-21 | 42 | 60.55 | 18.55 | 44.17% |
| 5 | Tembo Global Industries Limited | 23-Apr-21 | 107.8 | 206.1 | 98.3 | 91.19% |
| 6 | Nitiraj Engineers Limited | 22-Apr-21 | 43.2 | 49.8 | 6.6 | 15.28% |
| 7 | Arvee Laboratories (India) Limited | 22-Mar-21 | 43.55 | 108.6 | 65.05 | 149.37% |
| 8 | Silgo Retail Limited | 03-Mar-21 | 53.8 | 38.6 | -15.2 | -28.25% |
| 9 | Iris Clothings Limited | 22-Feb-21 | 59 | 186.15 | 127.15 | 215.51% |
| 10 | AKG Exim Limited | 16-Feb-21 | 97.8 | 25.8 | -72 | -73.62% |
| 11 | Rajnandini Metal Limited | 16-Feb-21 | 31.05 | 176.3 | 145.25 | 467.79% |
| 12 | Ahlada Engineers Limited | 28-Jan-21 | 70 | 215.8 | 145.8 | 208.29% |
| 13 | Wealth First Portfolio Managers Limited | 20-Jan-21 | 92.1 | 199.95 | 107.85 | 117.10% |
Companies Migrated from BSE SME platform to BSE Main Board
| Sr. No. | Name of Securities | Date of Migration | Price Before Migration (In Rupees) | Price as on 31-07-2021 (In Rupees) | Growth/Decline (In Rupees) | % of Growth/Decline |
| 1 | K.P.I. Global Infrastructure Limited | 27-Jul-21 | 115.2 | 134.7 | 19.5 | 16.93% |
| 2 | Manorama Industries Limited | 20-Jul-21 | 1,726.90 | 1,667.75 | -59.15 | -3.43% |
| 3 | Ashapuri Gold Ornament Limited | 16-Jul-21 | 43.6 | 41.8 | -1.8 | -4.13% |
| 4 | Raw Edge Industrial Solutions Limited | 12-Jul-21 | 32.15 | 36.85 | 4.7 | 14.62% |
| 5 | White Organic Retail Limited | 30-Jun-21 | 107.3 | 313 | 205.7 | 191.71% |
| 6 | Ratnabhumi Developers Limited | 30-Jun-21 | 71.85 | 79.65 | 7.8 | 10.86% |
| 7 | S. M. Gold Limited | 17-Jun-21 | 85.6 | 107.5 | 21.9 | 25.58% |
| 8 | Anmol India Limited | 04-Jun-21 | 175.25 | 167.65 | -7.6 | -4.34% |
| 9 | Shubham Polyspin Limited | 31-May-21 | 75.35 | 122.9 | 47.55 | 63.11% |
| 10 | Vishal Bearings Limited | 31-May-21 | 27.7 | 35.5 | 7.8 | 28.16% |
| 11 | Sharika Enterprises Limited | 31-May-21 | 50.05 | 22.35 | -27.7 | -55.34% |
| 12 | Sylph Education Solutions Limited | 22-Apr-21 | 11.25 | 11.25 | 0 | 0.00% |
| 13 | Deep Polymers Limited | 12-Mar-21 | 70.95 | 129.7 | 58.75 | 82.80% |
| 14 | Aditya Vision Limited | 15-Jan-21 | 31.9 | 1,415.20 | 1383.3 | 4336.36% |
| 15 | BCPL Railway Infrastructure Limited | 04-Jan-21 | 102.95 | 53.9 | -49.05 | -47.64% |
Performance of Market Maker as on 31-07-2021
| Sr. No. | Name of Market Maker | Subscription by Market Maker (Rs. In Lakhs) | Total No. of Companies |
| 1 | Aryaman Capital Markets Limited | 233.80 | 3 |
| 2 | Beeline Broking Limited | 171.94 | 2 |
| 3 | Gretex Share Broking Private Limited | 10.85 | 1 |
| 4 | Harjivandas Nemidas Securities Private Limited | 25.20 | 1 |
| 5 | Hem Finlease Private Limited | 151.20 | 2 |
| 6 | Nikunj Stock Brokers Limited | 87.18 | 4 |
| 7 | NNM Securities Private Limited | 62.76 | 2 |
| 8 | Pentagon Stock Brokers Private Limited | 117.00 | 1 |
| 9 | Rikhav Securities Limited | 260.95 | 3 |
| 10 | SERNET Financial Services Private Limited | 34.56 | 1 |
| 11 | Shreni Shares Private Limited | 10.65 | 1 |
Performance of Merchant Banker AS ON 31-07-2021
| Sr. No. | Name of Merchant Banker | Total Fund Raised (Rs. In Crore) | Total No. of Companies |
| 1 | Aryaman Financial Services limited | 43.50 | 3 |
| 2 | Beeline Broking Limited | 14.79 | 3 |
| 3 | Fedex Securities Private Limited | 50.29 | 3 |
| 4 | Gretex Corporate Services Private Limited | 2.01 | 1 |
| 5 | First Overseas Capital Limited | 7.75 | 1 |
| 6 | Hem Securities Limited | 28.72 | 2 |
| 7. | Inventure Merchant Banker Services Private Limited | 11.09 | 2 |
| 8. | Mark Corporate Advisors Private Limited | 4.98 | 1 |
| 9. | Navigant Corporate Advisors Limited | 1.21 | 1 |
| 10. | Pantomath Capital Advisors Private Limited | 23.4 | 1 |
| 11. | Shreni Shares Private Limited | 2.00 | 1 |
| 12. | Unistone Capital Private Limited | 4.70 | 1 |
State Wise Fund Raise Through SME IPO AS ON 31-07-2021
Disclaimer
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