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.
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