SME NEWSLETTER December, 2021 (23rd Edition)

  • India’s small business community is the second largest after China, with over 64 million traders, manufacturers and retailers.
  • The government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector. The scheme has a provision of 25 per cent capital subsidy for procurement of service equipment through institutional credit to the SMEs for advancement of their technology.
  • The Centre will give emphasis on development of micro, small and medium enterprises (MSMEs) in the north east to ensure economic prosperity in the region and propel the sector’s contribution to the country’s Gross Domestic Product (GDP).
  • As per government database the applications for delayed payment by micro and small enterprises (MSEs) have surpassed one lakh.
  • Emergency Credit Line Guarantee Scheme (ECLGS) launched by the government in 2020 to provide relief to MSMEs impacted by Covid-19 pandemic has saved 13.5 lakh firms from going bankrupt and consequently 1.5 crore jobs,
  • As on December 31, 2021, the total ₹ 766.770 Crore raised through SME IPO in India and total 55 Companies were listed. Out of these 55 companies, 22 companies listed on NSE Emerge Platform, 27 companies listed on BSE SME Platform and 6 companies listed on BSE Start-Up Platform.

Merchant Banker and Market Maker

Total SME Companies Listed and Migrated to Main Board

Detailed Report on SME Initial Public Offer (IPO) for December, 2021

Name of Company   Vivo Collaboration Solutions Limited Brandbucket Media & Technology Limited Clara Industries Limited Wherrelz It Solutions Limited
Date of Listing 31-Dec-21 31-Dec-21 29-Dec-21 29-Dec-21
Stock Exchange where listed NSE BSE BSE BSE StartUp
Industry IT Services Advertising & Media Containers & Packaging IT Consulting & Software
State Delhi Maharashtra Uttar Pradesh Maharashtra
Issue Size 4.40Crore 8.25 Crore 3.02 Crore 2.01 Crore
Market Lot/ Min Order Quantity 1600 2000 3000 800
No. of Times Subscribe 282.97 1.58 1.53 2.25
Lead Manager Sarthi Capital Advisors Private Limited Inventure Merchant Banker Services Private Limited Gretex Corporate Services Limited Fedex Securities Private Limited
IPO price ₹ 82 /- ₹ 55 /- ₹ 43 /- ₹ 171.00 /-
Open on Listing Date ₹ 355.10 /- ₹55.25 /- ₹ 43.20 /- ₹ 173.05 /-
52 Wk High ₹ 372.85 /- ₹ 55.25 /- ₹ 59.90 /- ₹ 244.10 /-
52 Wk Low ₹ 289.30 /- ₹ 45.75 /- ₹ 42.00 /- ₹ 173.05 /-
Closing Price as on 31-12-2021 ₹ 337.35 /- ₹ 52.50 /- ₹ 44.90 /- ₹ 195.35 /-
Market Capitalization as on 31-12-2021 67.98 Crore 16.55 Crore 11.14 Crore 7.61 Crore
Name of Company   Foce India Limited Euro Panel Products Limited Nupur Recyclers Limited DMR Hydroengineering & Infrastructures Limited
Date of Listing 28-Dec-21 24-Dec-21 23-Dec-21 07-Dec-21
Stock Exchange where listed NSE NSE NSE BSE
Industry Trading Metal Metal Consulting Services
State Maharashtra Maharashtra Delhi Haryana
Issue Size 29.03 Crore 45.50 Crore 34.20 Crore 2.09 Crore
Market Lot/ Min Order Quantity 600 2000 2000 6000
No. of Times Subscribe 1.57 1.80 43.67 11.43
Lead Manager Mark Corporate Advisors Private Limited Fedex Securities Private Limited Corporate Capitalventures Private Limited Shreni Shares Private Limited
IPO price ₹ 225 /- ₹ 70 /- ₹ 60 /- ₹ 21 /-
Open on Listing Date ₹ 225.00 /- ₹ 70.00 /- ₹ 74.00 /- ₹ 25.00 /-
52 Wk High ₹ 231.00 /- ₹ 85.65 /- ₹ 145.45 /- ₹ 44.25 /-
52 Wk Low ₹ 210.00 /- ₹ 67.85 /- ₹ 70.35 /- ₹ 24.05 /-
Closing Price as on 31-12-2021 ₹ 222.10 /- ₹ 70.85 /- ₹ 103.95 /- ₹ 36.00 /-
Market Capitalization as on 31-12-2021 108.67 Crore 173.58 Crore 216.22 Crore 13.41 Crore

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

NIFTY SME Emerge Index with NSE Listed Companies

BSE SME IPO Index with BSE Listed Companies

Draft Prospectus Filed with Stock Exchange

Sr. No. Name of the Company Date of Draft Prospectus State Exchange
1. Quality RO Industries Limited 23-Dec-2021 Gujarat BSE
2. Maruti Interior Products Limited 23-Dec-2021 Gujarat BSE
3. Alkosign Limited 23-Dec-2021 Maharashtra BSE
4. Achyut Healthcare Limited 22-Dec-2021 Gujarat BSE
5. AB Cotspin India Limited 13-Dec-2021 Punjab NSE
6. Vaidya Sane Ayurved Laboratories Limited 08-Dec-2021 Maharashtra NSE
7. Timescan Logistics (India) Limited 07-Dec-2021 Chennai NSE
8. Shigan Quantum Technologies Limited 01-Dec-2021 Delhi NSE

Bonus Issue

Sr. No. Name of the Company No. of Securities Issued Allotment Date Ratio
1. Khfm Hospitality and Facility Management Services Limited 3,23,299 18-Dec-2021 1:30

Companies Migrated to Main Board of Exchange in December, 2021

Sr. No. Name of the Company Date of Migration State Exchange
1. United Polyfab Gujarat Limited 31-Dec-21 Gujarat NSE
2. HEC Infra Projects Limited 30-Dec-21 Gujarat NSE
3. Jet Freight Logistics Limited 21-Dec-21 Maharashtra NSE
4. Zodiac Energy Limited 14-Dec-21 Gujarat NSE
5. Bansal Roofing Products Limited 14-Dec-21 Gujarat BSE

Employee Stock Option Plan

Sr. No. Name of the Company Exchange Listing Date Date of Allotment No. of Shares Par value Exercise Price per share
1. Thejo Engineering Limited NSE 22-Dec-21 14-Dec-2021 6742 Rs. 10/- Rs. 141/-

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 31-12-2021 (In Rupees) Growth/Decline (In Rupees) % of Growth/Decline
1 United Polyfab Gujarat Limited 31-Dec-21 16.55 17.35 0.8 4.61%
2 HEC Infra Projects Limited 30-Dec-21 36.10 32.60 -3.5 -10.74%
3 Jet Freight Logistics Limited 21-Dec-21 46.10 48.65 2.55 5.24%
4 Zodiac Energy Limited 14-Dec-21 30.60 60.05 29.45 49.04%
5 Rajshree Polypack Limited 26-Nov-21 228.4 263.4 35 13.29%
6 Focus Lighting and Fixtures Limited 24-Nov-21 81.25 84.9 3.65 4.30%
7 Marshall Machines Limited 22-Nov-21 36.2 37.6 1.4 3.72%
8 Laxmi Cotspin Limited 12-Nov-21 26 25.7 -0.3 -1.17%
9 Sikko Industries Limited 22-Oct-21 36.8 65.15 28.35 43.51%
10 Pansari Developers Limited 18-Oct-21 55 132.35 77.35 58.44%
11 Art Nirman Limited 18-Oct-21 31.15 135.9 104.75 77.08%
12 Airo Lam limited 13-Oct-21 83.4 79.9 -3.5 -4.38%
13 Euro India Fresh Foods Limited 12-Oct-21 135 146.65 11.65 7.94%
14 Lagnam Spintex Limited 30-Sep-21 42.95 55.7 12.75 22.89%
15 Par Drugs And Chemicals Limited 16-Sep-21 136.1 201.25 65.15 32.37%
16 Shanti Overseas (India) Limited 16-Sep-21 22.7 19.95 -2.75 -13.78%
17 Ganga Forging Limited 06-Jul-21 95.15 20.95 -74.2 -354.18%
18 Hindcon Chemicals Limited 05-Jul-21 39.8 75.85 36.05 47.53%
19 Moksh Ornaments Limited 21-May-21 67.35 44.65 -22.7 -50.84%
20 Ajooni Biotech Limited 07-May-21 42 71.55 29.55 41.30%
21 Tembo Global Industries Limited 23-Apr-21 107.8 288 180.2 62.57%
22 Nitiraj Engineers Limited 22-Apr-21 43.2 77.95 34.75 44.58%
23 Arvee Laboratories (India) Limited 22-Mar-21 43.55 87.25 43.7 50.09%
24 Silgo Retail Limited 03-Mar-21 53.8 31.65 -22.15 -69.98%
25 Iris Clothings Limited 22-Feb-21 59 200.9 141.9 70.63%
26 AKG Exim Limited 16-Feb-21 97.8 47.2 -50.6 -107.20%
27 Rajnandini Metal Limited 16-Feb-21 31.05 169.6 138.55 81.69%
28 Ahlada Engineers Limited 28-Jan-21 70 131.8 61.8 46.89%
29 Wealth First Portfolio Managers Limited 20-Jan-21 92.1 270.6 178.5 65.96%

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 31-12-2021 (In Rupees) Growth/Decline (In Rupees) % of Growth/Decline
1 Bansal Roofing Products Limited 14-Dec-21 52.45 59 6.55 11.10%
2 Dhruv Consultancy Services Limited 25-Nov-21 66 57.7 -8.3 -14.38%
3 Sarthak Metals Limited 25-Nov-21 94.85 118.8 23.95 20.16%
4 SBC Exports Limited 23-Nov-21 71.05 149.45 78.4 52.46%
5 ANG Lifesciences India Limited 08-Nov-21 726.5 469.7 -256.8 -54.67%
6 IRIS Business Services Limited 08-Nov-21 143.45 144.25 0.8 0.55%
7 SPS Finquest Limited 02-Nov-21 73.7 85.9 12.2 14.20%
8 Starlineps Enterprises Limited 02-Nov-21 49.1 65.6 16.5 25.15%
9 Kranti Industries Limited 02-Nov-21 34.1 41.05 6.95 16.93%
10 Vaksons Automobiles Limited 18-Oct-21 45 40.75 -4.25 -10.43%
11 Anand Rayons Limited 14-Oct-21 113.9 267.2 153.3 57.37%
12 Meera Industries Limited 01-Oct-21 85.1 72.45 -12.65 -17.46%
13 Earum Pharmacuticals Limited 16-Sep-21 122 10.1 -111.9 -1107.92%
14 Nakoda Group of Industries Limited 20-Aug-21 60 318.8 258.8 81.18%
15 Veeram Securities Limited 06-Aug-21 52.05 102.85 50.8 49.39%
16 K.P.I. Global Infrastructure Limited 27-Jul-21 115.2 323.45 208.25 64.38%
17 Manorama Industries Limited 20-Jul-21 1,726.90 1,371.10 -355.8 -25.95%
18 Ashapuri Gold Ornament Limited 16-Jul-21 43.6 68 24.4 35.88%
19 Raw Edge Industrial Solutions Limited 12-Jul-21 32.15 34 1.85 5.44%
20 White Organic Retail Limited 30-Jun-21 107.3 263.1 155.8 59.22%
21 Ratnabhumi Developers Limited 30-Jun-21 71.85 78.95 7.1 8.99%
22 S. M. Gold Limited 17-Jun-21 85.6 255.55 169.95 66.50%
23 Anmol India Limited 04-Jun-21 175.25 169.1 -6.15 -3.64%
24 Shubham Polyspin Limited 31-May-21 75.35 170.5 95.15 55.81%
25 Vishal Bearings Limited 31-May-21 27.7 46.4 18.7 40.30%
26 Sharika Enterprises Limited 31-May-21 50.05 11.72 -38.33 -327.05%
27 Sylph Education Solutions Limited 22-Apr-21
28 Deep Polymers Limited 12-Mar-21 70.95 729.25 658.3 90.27%
29 Aditya Vision Limited 15-Jan-21 31.9 623.3 591.4 94.88%
30 BCPL Railway Infrastructure Limited 04-Jan-21 102.95 48.65 -54.3 -111.61%

Performance of Market Maker as on 31-12-2021

S
r. No.
Name of Market Maker Subscription by Market Maker (Rs. In Lakhs) Total No. of Companies
1 Aryaman Capital Markets Limited 474.37 5
2 Beeline Broking Limited 114.03 4
3 Gretex Share Broking Private Limited 259.45 5
4 Harjivandas Nemidas Securities Private Limited 25.20 1
5 Hem Finlease Private Limited 474.10 6
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 296.95 9
10 NNM Securities Private Limited 3386.44 6
11 O J Financial Services Limited 22.14 1
12 Pentagon Stock Brokers Private Limited 117.00 1
13 Rikhav Securities Limited 1093.67 6
14 SERNET Financial Services Private Limited 130.32 2
15 Shreni Shares Private Limited 48.22 3
16 SS Corporate Securities Limited 180.00 1
17 Sunflower Broking Private Limited 99.28 2
18 SVCM Securities Private Limited   145.80 1

Performance of Merchant Banker as on 31-12-2021

Sr. No. Name of Merchant Banker Total Fund Raised (Rs. In Crore) Total No. of Companies
1 Aryaman Financial Services limited 96.14 6
2 Beeline Broking Limited 56.20 7
3 Corporate Capitalventures Private Limited 34.20 1
4 Fast Track Finsec Private Limited 2.37 1
5 Fedex Securities Private Limited 199.45 6
6 Finshore Management Services Limited 31.12 3
7 First Overseas Capital Limited 61.72 3
8 Gretex Corporate Services Limited 48.92 4
9 GYR Capital Advisors Limited 3.99 1
10 Hem Securities Limited 91.15 6
11 Holani Consultants Private Limited 13.70 1
12 Inventure Merchant Banker Services Private Limited 38.24 4
13 Mark Corporate Advisors Private Limited 34.01 2
14 Navigant Corporate Advisors Limited 7.46 2
15 Pantomath Capital Advisors Private Limited 23.40 1
16 Sarthi Capital Advisors Private Limited 4.40 1
17 Shreni Shares Private Limited 9.27 3
18 Turnaround Corporate Advisors Private Limited 2.00 1
19 Unistone Capital Private Limited 8.98 2

State Wise Fund Raise Through SME IPO AS ON 31-12-2021

State Total Fund Raised (Rs. In Crore) No. of IPO’s
Bihar 2.01 1
Chandigarh 1.60 1
Chhattisgarh 19.61 1
Delhi 52.15 6
Gujarat 143.75 9
Haryana 10.08 2
Jammu and Kashmir 26.61 1
Karnataka 14.10 1
Madhya Pradesh 21.84 2
Maharashtra 314.06 20
Rajasthan 6.24 1
Tamilnadu 6.10 2
Telangana 4.05 1
Uttar Pradesh 46.41 3
Uttarakhand 23.40 1
West Bengal 74.67 3
Grand Total 766.70 55.00

Exchange wise Fund Raise Through SME IPO AS ON 31-12-2021

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.

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.

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