MAC Hotels Limited and Manorama Industries Limited
Two Hundred and Sixty Fifth and Sixty Sixth Company to get listed on BSE SME Platform
Mumbai, October 4, 2018: SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
MAC Hotel Limited became 265th company respectively to get listed on the BSE SME Platform on October 4, 2018. Mac Hotels Limited came out with an initial public offering of 8,10,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs.24/- Per Equity Share(The “Offer Price”), Aggregating to Rs. ‘194.40’ lacs. The company has successfully completed its public issue on September 25, 2018. MAC Hotel Limited is a Goa based company whose registered office is at Panaji. The company is engaged in the business of owning, operating and managing hotels, restaurants and resorts in Goa since last 25 years. Our Company has been incorporated with the main object to carry on the business of hotels, restaurant, café, caravan site, apartment house-keeper etc. and related services. Our Hotels and Resorts are tourist destinations for domestic as well as international tourists and are one of the frequented hotels in Goa.
Manorama Industries Limited became 266th company respectively to get listed on the BSE SME Platform on October 4, 2018. Manorama Industries Limited came out with an initial public offering of 34,04,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs.188/- Per Equity Share(The “Offer Price”), Aggregating to Rs. ‘6400.00’ lacs. The company has successfully completed its public issue on September 25, 2018. Manorama Industries Limited is a Chhattisgarh based company whose registered office is at Andheri. The company is engaged in manufacturing processing and supply of exotic and specialty fats and oils like sal butter, Sal fat, Sal oil, Sal Sterine, Sal olein, Mango butter, Mango fat, Mango oil, Mango Stearine, Kokum butter, Kokum oil, Mowrah fat and several value added tailor made products.
Mumbai-based Gretex Corporate Serivices private Limited was the lead manager for MAC Hotels Limited.
Mumabi-based Pantomath Capital Advisors Private Limited was the lead manager for Manorama Industries Limited.
The 266 companies listed on BSE SME Platform have raised Rs.2648.3 crores from the market and total market capitalization of 266 companies as on October 4, 2018 is 18,890.75 Crores. BSE is the market leader in this segment with a market share of 60 percent.
The response since the launch of this platform by BSE has been very positive and encouraging.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in delivery-based futures contract in gold (1 kg) and silver (30 kg).
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
Yatin Padia / Rahul Vyas
022 2272 8516 / 2272 8472