Small and medium enterprises (SMEs) are the backbone of the Indian economy as they contribute 30 percent to the country’s gross domestic product (GDP) and are the second-largest contributor to employment after the agriculture sector. The second coronavirus wave has created the largest public health crisis in the country, which has forced state governments to impose lockdowns. This has affected both large and small businesses. However, the impact on SMEs is severe, particularly because of the higher levels of vulnerability and lower resilience in comparison to larger firms.
The Reserve Bank of India (RBI) has taken proactive steps and announced a sleuth of measures to inject liquidity into the system. The decisions for allocating Rs 50,000 crore for the healthcare industry involved in manufacturing COVID related medicines and infrastructures, allowing a one-time restructuring of loans of retail borrowers and small business up to Rs 25 crore and classifying loans to MFI by small banks as priority sector lending are going to help the SME business in a big way.
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 April, 2021. This Newsletter covers the company listed in this month, Further Public Issue, 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, Comparison of Stock Exchange Indices with Listed Companies, Performance of Market Maker and Merchant Banker.
Merchant Banker and Market Maker
Total SME Companies Listed
Detailed Report on SME Initial Public Offer (IPO) for April, 2021
Preferential Allotment
| Name of Company | A and M Jumbo Bags Limited | Perfect Infraengineers Limited |
| Date of Listing | 07-Apr-2021 | 16-Apr-2021 |
| Stock Exchange where listed | NSE Emerge | NSE Emerge |
| Industry | Plastic and Plastic Products Industry | Infrastructure |
| State | Gujarat | Maharashtra |
| Issue Size | 3.57 Crore | 2.68 Crore |
| Market Lot/ Min Order Quantity | 8000 | 6000 |
| Date of Allotment | 12-Nov-2020 | 06-Mar-2021 |
| Category | Public | Public |
| Purpose of Issue | To redeem the non-cumulative, non-convertible redeemable preference shares, To reduce the long-term debt | Payment of License Fees for the Technology Bought from USA |
| Issue price | ₹ 10.25 | ₹ 26.79 |
| Open on Listing Date | — | — |
| 52 Wk High | ₹ 14.10 | ₹ 12.75 |
| 52 Wk Low | ₹ 6.70 | ₹ 9.50 |
| Closing Price as on 30-04-2021 | ₹ 9.75 | ₹ 11.10 |
| Market Capitalization as on 30-04-2021 | 10.23 Crore | 12.28 Crore |
Comparison Of Listed Companies with BSE SME IPO Index and NSE SME Emerge Index
NSE SME Emerge Index with Companies Listed on NSE Emerge in April, 2021
BSE SME IPO Index with Companies Listed on BSE SME in April, 2021
Companies Migrated to Main Board of Exchange in April, 2021
| Sr. No. | Name of the Company | Date of Migration | State | Exchange |
| 1 | Tembo Global Industries Limited | 23-04-2021 | Maharashtra | NSE Emerge |
| 2 | Nitiraj Engineers Limited | 22-04-2021 | Maharashtra | NSE Emerge |
| 3 | Sylph Education Solutions Limited | 22-04-2021 | Madhya Pradesh | BSE SME |
Draft Prospectus Filed with Stock Exchange
| Sr. No. | Name of the Company | Date of Draft Prospectus | State | Exchange |
| 1 | Nanavati Ventures Limited | 16-04-2021 | Gujarat | BSE SME |
| 2 | GETALONG Enterprise Limited | 15-04-2021 | Maharashtra | BSE SME |
| 3 | Visaman Global Sales Limited | 06-04-2021 | Gujarat | 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 of Migration | Price Before Migration (In Rupees) | Price as on 30.04.2021 (In Rupees) | Growth/Decline (In Rupees) | % of Growth/Decline |
| 1 | Tembo Global Industries Limited | 23-Apr-21 | 107.8 | 137.45 | 29.65 | 27.50% |
| 2 | Nitiraj Engineers Limited | 22-Apr-21 | 43.2 | 40.85 | -2.35 | -5.44% |
| 3 | Arvee Laboratories (India) Limited | 22-Mar-21 | 43.55 | 139.4 | 95.85 | 220.09% |
| 4 | Silgo Retail Limited | 03-Mar-21 | 53.8 | 49.75 | -4.05 | -7.53% |
| 5 | Iris Clothings Limited | 22-Feb-21 | 59 | 112.25 | 53.25 | 90.25% |
| 6 | AKG Exim Limited | 16-Feb-21 | 97.8 | 30.9 | -66.9 | -68.40% |
| 7 | Rajnandini Metal Limited | 16-Feb-21 | 31.05 | 90.5 | 59.45 | 191.47% |
| 8 | Ahlada Engineers Limited | 28-Jan-21 | 70 | 97.2 | 27.2 | 38.86% |
| 9 | Wealth First Portfolio Managers Limited | 20-Jan-21 | 92.1 | 122.85 | 30.75 | 33.39% |
| 10 | Godha Cabcon & Insulation Limited | 24-Dec-20 | 34.6 | 43.1 | 8.5 | 24.57% |
| 11 | Mangalam Global Enterprise Limited | 23-Dec-20 | 42 | 46 | 4 | 9.52% |
| 12 | RKEC Projects Limited | 18-Dec-20 | 40 | 59.8 | 19.8 | 49.50% |
| 13 | Rudrabhishek Enterprises Limited | 14-Dec-20 | 96 | 196.25 | 100.25 | 104.43% |
| 14 | Accuracy Shipping Limited | 11-Dec-20 | 29.8 | 59.15 | 29.35 | 98.49% |
| 15 | Global Education Limited | 07-Dec-20 | 196 | 46.15 | -149.85 | -76.45% |
| 16 | Supreme Engineering Limited | 04-Dec-20 | 24.9 | 23.5 | -1.4 | -5.62% |
| 17 | Marine Electricals (India) Limited | 02-Dec-20 | 191.5 | 72.75 | -118.75 | -62.01% |
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 30.04.2021 (In Rupees) | Growth/Decline (In Rupees) | % of Growth/Decline |
| 1 | Sylph Education Solutions Limited | 22-Apr-21 | – | – | – | – |
| 2 | Deep Polymers Limited | 12-Mar-21 | 70.95 | 66.1 | -4.85 | -6.84% |
| 3 | Aditya Vision Limited | 15-Jan-21 | 31.9 | 264.65 | 232.75 | 729.62% |
| 4 | BCPL Railway Infrastructure Limited | 04-Jan-21 | 102.95 | 50.3 | -52.65 | -51.14% |
| 5 | Palm Jewels Limited | 10-Dec-20 | 40 | 78.55 | 38.55 | 96.38% |
| 6 | Gautam Gems Limited | 10-Dec-20 | 28.65 | 20.4 | -8.25 | -28.80% |
Performance of Market Maker
| Sr. No. | Name of Market Maker | Subscription by Market Maker (Rs. In Lakhs) | Total No. of Companies |
| 1 | Aryaman Capital Markets Limited | 158.4 | 1 |
| 2 | Beeline Broking Limited | 171.94 | 2 |
| 3 | Gretex Share Broking Private Limited | 10.85 | 1 |
| 4 | Harjivandas Nemidas Securities Private Limited | 25.20 | 1 |
| 5 | Hem Finlease Private Limited | 151.20 | 2 |
| 6 | Nikunj Stock Brokers Limited | 19.20 | 1 |
| 7 | NNM Securities Private Limited | 38.76 | 1 |
| 8 | Pentagon Stock Brokers Private Limited | 117.00 | 1 |
| 9 | Rikhav Securities Limited | 254.95 | 2 |
| 10 | Shreni Shares Private Limited | 10.65 | 1 |
Performance of Merchant Banker
| Sr. No. | Name of Merchant Banker | Total Fund Raised (Rs. In Crore) | Total No. of Companies |
| 1 | Aryaman Financial Services limited | 29.70 | 1 |
| 2 | Beeline Broking Limited | 3.24 | 1 |
| 3 | Fedex Securities Private Limited | 49.17 | 2 |
| 4 | Gretex Corporate Services Private Limited | 2.01 | 1 |
| 5 | First Overseas Capital Limited | 7.75 | 1 |
| 6 | Hem Securities Limited | 28.72 | 2 |
| 7 | Mark Corporate Advisors Private Limited | 4.98 | 1 |
| 8 | Pantomath Capital Advisors Private Limited | 23.4 | 1 |
| 9 | Shreni Shares Private Limited | 2.00 | 1 |
| 10 | Unistone Capital Private Limited | 4.70 | 1 |
State Wise Fund Raise Through SME IPO
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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