SME NEWSLETTER SEPTEMBER, 2021 (20th Edition)

Udyam portal (Registration for MSME) completes 5 million registrations.

The government has extended the ₹ 20,000 crore Credit Guarantee Scheme for Subordinate Debt (CGSSD) for stressed small businesses by six months to March 31, 2022.

The scheme had targeted support for 200,000 pandemic-hit MSMEs that were stressed and nonperforming accounts as of April 30, 2020, and eligible for restructuring as per Reserve Bank of India guidelines.

Jupitice Justice Technologies, which developed India’s first digital court, has now come up with a customized MSME court (Micro, small, and medium-sized business court) to resolve the disputes in the small to mid-level businesses. The MSME Digital court developed by Jupitice will help the SME owners to resolve their commercial disputes through various ADR Mechanism i.e. Arbitration, Conciliation, Mediation among others.

As on September 30, 2021, the total ₹ 420.58 Crore raised through SME IPO in India and total 32 Companies were listed. Out of these 32 companies, 11 companies listed on NSE Emerge Platform, 17 companies listed on BSE SME Platform and 4 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 September, 2021

Name of Company   Aashka Hospitals Limited Naapbooks Limited BEW Engineering Limited Platinumone Business Services Limited
Date of Listing 01-Sep-21 15-Sep-21 16-Sep-21 16-Sep-21
Stock Exchange where listed BSE BSE StartUp NSE BSE
Industry Healthcare Facilities IT Consulting & Software Pharmaceutical & Chemical BPO/KPO
State Gujarat Gujarat Maharashtra Maharashtra
Issue Size 101.64 Crore 3.99 Crore 3.96 Crore 3.89 Crore
Market Lot/ Min Order Quantity 1000 1600 2000 1200
No. of Times Subscribe 1.30 1.58 21.65 2.99
Lead Manager Fedex Securities Private Limited GYR Capital Advisors Limited First Overseas Capital Limited Gretex Corporate Services Limited
IPO price ₹ 121/- ₹ 74/- ₹ 58/- ₹ 92/-
Open on Listing Date ₹ 121.10/- ₹ 77.00/- ₹ 127.60/- ₹ 99.95/-
52 Wk High ₹ 121.10/- ₹ 77.70/- ₹ 319.45/- ₹ 221.55/-
52 Wk Low ₹ 45.75/- ₹ 58.60/- ₹ 127.60/- ₹ 99.95/-
Closing Price as on 30-09-2021 ₹ 50/- ₹ 61.00/- ₹ 228.15/- ₹ 116.00/-
Market Capitalization as on 30-09-2021 117 Crore 11.33 Crore 15.60 Crore 18.35 Crore
Name of Company   Markolines Traffic Controls Limited Prevest Denpro Limited SBL Infratech Limited Quadpro Ites Limited
Date of Listing 27-Sep-21 27-Sep-21 28-Sep-21 30-Sep-21
Stock Exchange where listed BSE BSE BSE NSE
Industry Construction & Engineering Healthcare Supplies Realty IT & ITES
State Maharashtra Jammu and Kashmir Delhi Karnataka
Issue Size 39.99 Crore 26.61 Crore 2.37 Crore 14.1 Crore
Market Lot/ Min Order Quantity 1600 1600 1200 6000
No. of Times Subscribe 2.18 38.12 1.56 16.12
Lead Manager Gretex Corporate Services Limited Hem Securities Limited Fast Track Finsec Private Limited Beeline Broking Limited
IPO price ₹ 78/- ₹ 84/- ₹ 111/- ₹ 20/-
Open on Listing Date ₹ 62.20/- ₹ 180.55/- ₹ 130.00/- ₹ 19.80/-
52 Wk High ₹ 82/- ₹ 288.60/- ₹ 130.00/- ₹ 20.00/-
52 Wk Low ₹ 59.10/- ₹ 170.65/- ₹ 95.40/- ₹ 16.75/-
Closing Price as on 30-09-2021 ₹ 69.30/- ₹ 179.60/- ₹ 125.00/- ₹ 19.85/-
Market Capitalization as on 30-09-2021 132.41 Crore 215.57 Crore 10.14 Crore 50.17 Crore

Comparison of Listed Companies with BSE SME IPO Index and NIFTY SME Emerge Index

BSE SME IPO Index with BSE Listed Companies

NIFTY SME Emerge Index with NSE Listed Companies

Draft Prospectus Filed with Stock Exchange

Sr. No. Name of the Company Date of Draft Prospectus State Exchange
1 Cool Caps Industries Limited 30-Sep-21 West Bengal NSE
2 Omnipotent Industries Limited 30-Sep-21 Maharashtra BSE
3 Vivek Pharmachem (India) Limited 30-Sep-21 Rajasthan NSE
4 Shashwat Furnishing Solutions Limited 29-Sep-21 Rajasthan BSE
5 Brandbucket Media & Technology Limited 28-Sep-21 Maharashtra BSE
6 Jeena Sikho Lifecare Limited 27-Sep-21 Punjab NSE
7 Maks Energy Solutions India Limited 27-Sep-21 Maharashtra NSE
8 Precision Metaliks Limited 27-Sep-21 Telangana NSE
9 Bombay Metrics Supply Chain Limited 17-Sep-21 Maharashtra NSE
10 Foce India Limited 16-Sep-21 Maharashtra NSE
11 Promax Power Limited 16-Sep-21 Punjab BSE
12 Kotyark Industries Limited 14-Sep-21 Gujarat NSE
13 Destiny Logistics & Infra Limited 13-Sep-21 West Bengal NSE
14 Dynamic Services & Security Limited 10-Sep-21 West Bengal NSE
15 CWD LIMITED 06-Sep-21 Maharashtra BSE StartUp

Employee Stock Option Plan

Sr. No. Name of the Company Exchange Listing Date Date of Allotment No. of Shares Par value
1. Softtech Engineers Limited NSE 17-Sep-2021 04-Sep-2021 21416 10

Companies Migrated to Main Board of Exchange in September, 2021

Sr. No. Name of the Company Date of Migration State Exchange
1 Lagnam Spintex Limited 30-Sep-21 Rajasthan NSE
2 Par Drugs And Chemicals Limited 16-Sep-21 Gujarat NSE
3 Shanti Overseas (India) Limited 16-Sep-21 Madhya Pradesh NSE
4 Earum Pharmacuticals Limited 16-Sep-21 Gujarat BSE

Bonus Issue

Sr. No. Name of the Company No. of Securities Issued Allotment Date Ratio
1 HEC Infra Projects Limited 81,10,528 09-Oct-2021 4:1
2 Kshitij Polyline Limited 14,47,130 24-Aug-2021 1:6
3 Ksolves India Limited 59,28,000 09-Sept-2021 1:1
4 Thejo Engineering Limited 3,839 09-Sept-2021 1:1

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 30-09-2021 (In Rupees) Growth/Decline (In Rupees) % of Growth/Decline
1 Lagnam Spintex Limited 30-Sep-21 42.95 45.05 2.1 4.89%
2 Par Drugs And Chemicals Limited 16-Sep-21 136.1 210.45 74.35 54.63%
3 Shanti Overseas (India) Limited 16-Sep-21 22.7 20.65 -2.05 -9.03%
4 Ganga Forging Limited 06-Jul-21 95.15 15.1 -80.05 -84.13%
5 Hindcon Chemicals Limited 05-Jul-21 39.8 63.45 23.65 59.42%
6 Moksh Ornaments Limited 21-May-21 67.35 40.1 -27.25 -40.46%
7 Ajooni Biotech Limited 07-May-21 42 55.85 13.85 32.98%
8 Tembo Global Industries Limited 23-Apr-21 107.8 323.6 215.8 200.19%
9 Nitiraj Engineers Limited 22-Apr-21 43.2 42.45 -0.75 -1.74%
10 Arvee Laboratories (India) Limited 22-Mar-21 43.55 88 44.45 102.07%
11 Silgo Retail Limited 03-Mar-21 53.8 33.45 -20.35 -37.83%
12 Iris Clothings Limited 22-Feb-21 59 180 121 205.08%
13 AKG Exim Limited 16-Feb-21 97.8 24.9 -72.9 -74.54%
14 Rajnandini Metal Limited 16-Feb-21 31.05 133.65 102.6 330.43%
15 Ahlada Engineers Limited 28-Jan-21 70 141.25 71.25 101.79%
16 Wealth First Portfolio Managers Limited 20-Jan-21 92.1 256 163.9 177.96%

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 30-09-2021 (In Rupees) Growth/Decline (In Rupees) % of Growth/Decline
1 Earum Pharmacuticals Limited 16-Sep-21 122 112.3 -9.7 -7.95%
2 Nakoda Group of Industries Limited 20-Aug-21 60 116.55 56.55 94.25%
3 Veeram Securities Limited 06-Aug-21 52.05 126.40 74.35 142.84%
4 K.P.I. Global Infrastructure Limited 27-Jul-21 115.2 128.45 13.25 11.50%
5 Manorama Industries Limited 20-Jul-21 1,726.90 1,487.00 -239.9 -13.89%
6 Ashapuri Gold Ornament Limited 16-Jul-21 43.6 38.00 -5.6 -12.84%
7 Raw Edge Industrial Solutions Limited 12-Jul-21 32.15 34.45 2.3 7.15%
8 White Organic Retail Limited 30-Jun-21 107.3 278.05 170.75 159.13%
9 Ratnabhumi Developers Limited 30-Jun-21 71.85 62.20 -9.65 -13.43%
10 S. M. Gold Limited 17-Jun-21 85.6 164.10 78.5 91.71%
11 Anmol India Limited 04-Jun-21 175.25 156.80 -18.45 -10.53%
12 Shubham Polyspin Limited 31-May-21 75.35 143.75 68.4 90.78%
13 Vishal Bearings Limited 31-May-21 27.7 31.50 3.8 13.72%
14 Sharika Enterprises Limited 31-May-21 50.05 9.08 -40.97 -81.86%
15 Sylph Education Solutions Limited 22-Apr-21 11.25 11.25 0 0.00%
16 Deep Polymers Limited 12-Mar-21 70.95 208.65 137.7 194.08%
17 Aditya Vision Limited 15-Jan-21 31.9 856.05 824.15 2583.54%
18 BCPL Railway Infrastructure Limited 04-Jan-21 102.95 50.45 -52.5 -51.00%

Performance of Market Maker as on 30-09-2021

S
r. 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 114.03 4
3 Gretex Share Broking Private Limited 231.65 3
4 Harjivandas Nemidas Securities Private Limited 25.20 1
5 Hem Finlease Private Limited 310.30 4
6 Intellect Stock Broking Limited 25.84 1
7 Maverick Share Brokers Private Limited 69.12 1
8 New Berry Capitals Private Limited 31.20 1
9 Nikunj Stock Brokers Limited 99.17 5
10 NNM Securities Private Limited 83.64 3
11 Pentagon Stock Brokers Private Limited 117.00 1
12 Rikhav Securities Limited 841.75 4
13 SERNET Financial Services Private Limited 34.56 1
14 Shreni Shares Private Limited 10.65 1

Performance of Merchant Banker As on 30-09-2021

Sr. No. Name of Merchant Banker Total Fund Raised (Rs. In Crore) Total No. of Companies
1 Aryaman Financial Services limited 48.63 4
2 Beeline Broking Limited 28.89 4
3 Fedex Securities Private Limited 151.93 4
4 Gretex Corporate Services Limited 45.90 3
5 Fast Track Finsec Private Limited 2.37 1
6 First Overseas Capital Limited 11.72 2
7 Hem Securities Limited 59.82 4
8 Holani Consultants Private Limited 13.70 1
9 Inventure Merchant Banker Services Private Limited 11.09 2
10 Mark Corporate Advisors Private Limited 4.98 1
11 Navigant Corporate Advisors Limited 7.46 2
12 Pantomath Capital Advisors Private Limited 23.4 1
13 Shreni Shares Private Limited 2.00 1
14 Unistone Capital Private Limited 4.70 1
15 GYR Capital Advisors Limited 3.99 1

State Wise Fund Raise Through SME IPO AS ON 30-09-2021

Disclaimer

This data is prepared based on the offer documents and available market information nothing contain in this data are in violation of any laws, rules, regulation, directive, guideline etc. of any regulatory authority. This newsletter is prepared for the information purpose only nothing contain in this data are intent to any means of invitation to subscribe or invest in the securities of the company. These data and report are subject to copyright in favour of BBL therefore, Reproduction or dissemination, directly or indirectly in any form is prohibited except with the prior written permission of Beeline.

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Past performance is not a guide for future performance, future returns are not guaranteed and investors may suffer losses which may exceed their original capital. The user should consult their own advisors to determine the merits and risks of investment and also read the Risk Disclosure Documents for Capital Markets and Derivative Segments as prescribed by Securities and Exchange Board of India before investing in the Indian Markets.

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