In yesterday’s trading session, Bank Nifty gained 2.68%, with PSU and Private Banks gaining 3.16% and 2.75% respectively.
We expect intraday range could be 35,912-36,868 with sideways to positive momentum & broader range could be expected between 35,623 to 37,158 zone for this week.
Nifty Intraday Outlook
In Wednesday’s trading session, Nifty witnessed a spike ahead of new calculation method, making the Nifty valuation cheaper.
We expect intraday range could be 15,044-15,496 with sideways to positive momentum while broader range could be 14,859 to 15,633.
With public markets going strong, and the pandemic stressing on the significance of sound unit economics, startups are increasingly looking at Initial Public Offering (IPOs) as a likely mode of exit for its investors. The financial architecture of a lot of startups improved in the initial shock period brought about by Covid-19 and around 15-20 companies are on a credible path to go public in the next two years.
Gaming company Nazara Technologies, which filed offer documents in January 2021, has kicked off India’s tech IPO rush.
“Bigger focus for 2021” 23% startups picked profitability compared to 15% in 2019 and 21% in 2020. 42% of the startups are now in a path to turn EBITDA-PROFITABLE in one to two years.
This newsletter is prepared to provide specialized information on SME Market Segment to the all market participant. This newsletter is prepared to cover the certain events happened in the month of February, 2021. This Newsletter covers the company listed in this month, companies migrated from SME Platform to the main board of the Stock Exchange and also the comparison of pre and post migration price. This Newsletter also covered the total number of companies listed on SME platform of both the exchanges, Draft Prospectus filed with exchange, Comparison of Stock Exchange Indices, ESOP in SME Exchange and Change in Market lot of the companies and SME Synergies.
Detailed Report on SME Initial Public Offer (IPO) for February, 2021
Company
MRP Agro Limited
BSE Scrip Code
543262
Industry
Distributors
Market Lot/ Min Order Quantity
3000
Lead Manager
Beeline Broking Limited
State
Madhya Pradesh
Issue Size (In Rs.)
3.4 Crore
Open on Listing Date
Rs. 39.75/-
IPO price
Rs. 40/-
52 Week High
Rs. 39.75/-
52 Week Low
Rs. 35.80/-
Closing price on 28.02.2021
Rs. 36.50/-
No. of Times Subscribed
2.95 Times
Market Cap as on 28.02.2021
10.87 Crore
Date of Listing
18-02-2021
Stock Exchange
BSE SME
Comparison Of MRP Agro Limited with BSE SME IPO Index and NSE SME Emerge Index
Companies Migrated to Main Board of Exchange in February, 2021
Sr. No.
Name of the Company
Date of Migration
State
Exchange
1
Iris Clothings Limited
22-Feb-2021
West Bengal
NSE
2
AKG Exim
Limited
16-Feb-21
Delhi
NSE
3
Rajnandini Metal Limited
16-Feb-21
Haryana
NSE
Draft Prospectus Filed with Stock Exchange
Sr. No.
Name of the Company
Date of Draft Prospectus
State
Exchange
1
V-Marc India Limited
18-Feb-2021
Uttarakhand
NSE SME
2
Network
People Services Technologies Limited
13-Feb-2021
Uttar Pradesh
NSE SME
3
Siddhika Coatings Limited
09-Feb-2021
Delhi
NSE SME
4
Jetmall
Spices And Masala Limited
05-Feb-2021
Tamilnadu
BSE SME
Comparisons Of Listing Price Before And After Migration
Companies Migrated from NSE SME platform to NSE Main Board
Sr. No.
Name of Securities
Date
Before Migration(Rs.)
Price as on 28.02.2021 (Rs.)
Growth/Decline
% of Growth/Decline
1
Iris Clothings Limited
22-Feb-21
59
123.25
64.25
108.90%
2
AKG Exim Limited
16-Feb-21
97.8
91.5
-6.3
-6.44%
3
Rajnandini Metal Limited
16-Feb-21
31.05
82.4
51.35
165.38%
4
Ahlada Engineers Limited
28-Jan-21
70
75.9
5.9
8.43%
5
Wealth First Portfolio Managers Limited
20-Jan-21
92.1
140.95
48.85
53.04%
6
Godha Cabcon & Insulation Limited
24-Dec-20
34.6
40.4
5.8
16.76%
7
Mangalam Global Enterprise Limited
23-Dec-20
42
46
4
9.52%
8
RKEC Projects Limited
18-Dec-20
40
62.6
22.6
56.50%
9
Rudrabhishek Enterprises Limited
14-Dec-20
96
184.25
88.25
91.93%
10
Accuracy Shipping Limited
11-Dec-20
29.8
65
35.2
118.12%
11
Global
Education Limited
07-Dec-20
196
48.8
-147.2
-75.10%
12
Supreme Engineering Limited
04-Dec-20
24.9
24.55
-0.35
-1.41%
13
Marine Electricals (India) Limited
02-Dec-20
191.5
62.15
-129.35
-67.55%
14
Dangee Dums Limited
13-Nov-20
92
130.2
38.2
41.52%
15
Keerti
Knowledge and Skills Limited
13-Nov-20
30.9
24.5
-6.4
-20.71%
16
Aaron Industries Limited
06-Nov-20
27.5
60.6
33.1
120.36%
17
D.
P. Abhushan Limited
03-Nov-20
131
122.8
-8.2
-6.26%
Companies Migrated from BSE SME platform to BSE Main Board
Sr. No.
Name of Securities
Date
Before Migration(Rs.)
Price as on 28.02.2021 (Rs.)
Growth/Decline
% of Growth/Decline
1
Aditya Vision Limited
15-Jan-21
31.9
144.65
112.75
353.45%
2
BCPL Railway Infrastructure Limited
04-Jan-21
102.95
86.85
-16.1
-15.64%
3
Palm Jewels Limited
10-Dec-20
40
49.85
9.85
24.63%
4
Gautam Gems Limited
10-Dec-20
28.65
63.3
34.65
120.94%
5
Shree Ganesh Remedies Limited
25-Nov-20
134.95
241.75
106.8
79.14%
Changes in Market Lot
Sr. No.
Name of the Company
Exchange
Effective Date
Old Market Lot
New Market Lot
Purpose of Change
1.
United
Polyfab Gujarat Limited
NSE
17-Feb-2021
3000
9000
Bonus
Issue
Employee Stock Option Plan
Sr. No.
Name of the Company
Exchange
Listing Date
Date of Allotment
No. of Shares issued
Par value
Exercise Price per share
1.
Thejo
Engineering Limited
NSE
SME
04-Feb-2021
21-Jan-2021
7700
Rs.
10/- per share
Rs.
153.75/-
BSE Trading And Settlement Programme For Institutional Trading Platform (ITP) – SME Segment
BSE vide its Notice Number 20210219-11 on 19-Feb-2021 had informed the stakeholders about the organization of Trading And Settlement Programme For Institutional Trading Platform (ITP) – SME Segment For Period From 01.03.2021 To 31.03.2021, the details of the program is under this link https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20210219-11.
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. Recipients should not construe any of the contents within the document as advice relating to business, financial, legal, taxation, or investment matters and are advised to consult their own business, financial, legal, taxation and other advisors. This document does not constitute an offer for sale, or an invitation to subscribe for, or purchase equity shares or other assets or securities of any Company and the information contained herein shall not form the basis of any contract. This document are also not meant to be or to constitute any offer for any transaction. 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.