Mumbai: Jetmall Spices and Masala Limited became the 337th company to get listed on the BSE SME Platform on April 19, 2021.
Jetmall Spices and Masala Limited came out with an initial public offering of 24,90,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.20 Per Equity Share (The “Offer Price”), Aggregating to Rs. 4.98 Crore. The company successfully completed its public issue on April 07, 2021.
Jetmall Spices and Masala Limited is a Chennai based company whose registered office is at Tamilnadu, Chennai. The company engaged in the business of trading and supplying spices, masala and dry fruits. They ensure that the right quantity and quality of their products reach the markets in a timely manner.
Mumbai -based Mark Corporate Advisors Private Limited, was the lead manager to Jetmall Spices and Masala Limited.
SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launched its SME platform on 13th March, 2012. The response since the launch of this platform by BSE has been very positive till date.
So far, 98 companies have migrated to the main board. The 337 companies listed on BSE SME Platform have raised Rs.3497.52 crore from the market and the total market capitalization of 337 companies as on April 19, 2021 is Rs. 22,375.96 Crore. BSE is the market leader in this segment with a market share of 61 percent.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market.
BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.