SME Newsletter April, 2021 (15th Edition)

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


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.