Thursday, February 23, 2012

SME Exchange of BSE to see first IPO today

Bombay Stock Exchange
The Bombay Stock Exchange (BSE) will commence its small and medium enterprises (SME) platform with Rs 8.50-crore initial public offer (IPO) of non-banking finance company (NBFC), BCB Finance.
 
The IPO will open for subscription today. It will be the first issue to be traded on the segment during March. The firm will secure Rs 8.85 crore via the issue, which will end on February 27 and the issue price has been set at Rs 25 per share.

BCB Finance is mainly involved in the business of advancing loans and investing/trading in securities. If the IPO attains success, it is expected to pave the way for the listing of other firms on the platform. 

Both the bourses, BSE and NSE have been facing pressure from Centre to unveil a separate trading platform for SMEs.

Posted by IndiaMART Knowledge Services at 10:08 AM
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