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Fone4 Communications (India) and Nanavati Ventures become the 373rd and 374th Company to get listed on BSE SME Platform


Fone4 Communications (India) Restricted and Nanavati Ventures Restricted grow to be the 373rd and 374th firm respectively, to get listed on the BSE SME Platform on Might 06, 2022.

Fone4 Communications (India) Restricted got here out with an preliminary public providing of 68,00,000 Fairness Shares of Rs.10 Every (“Fairness Shares”) For Money at a Value of Rs. 10 Per Fairness Share (The “Supply Value”), Aggregating to Rs. 6.80 Crore. The corporate has efficiently accomplished its public challenge on April 27, 2022.

Nanavati Ventures Restricted got here out with an preliminary public providing of 4,38,000 Fairness Shares of Rs.10 Every (“Fairness Shares”) For Money at a Value of Rs. 50 Per Fairness Share (The “Supply Value”), Aggregating to Rs. 2.19 Crore. The corporate has efficiently accomplished its public challenge on April 27, 2022.

Fone4 Communications (India) Restricted is Kerala primarily based firm whose registered workplace is at Thammanam Ernakulam. The corporate engaged in multi-brand retail promoting of client electronics items resembling Sensible Telephones, Sensible TVs, Computer systems, Peripherals and equipment, from producers like Apple, Samsung, Oppo, Vivo, Xiaomi, Nokia, Redmi, Techno, Karbonn, One Plus, Dell, Lenovo, Asus, HP, Acer, Avita, TCL, Xiaomi, LG, and Sansui. Kolkata primarily based FINSHORE MANAGEMENT SERVICES LIMITED, was the lead supervisor to Fone4 Communications (India) Restricted.

Nanavati Ventures Restricted is Gujarat primarily based firm whose registered workplace is at Navsari. The corporate engaged in buying and selling of diamonds. Its operations embody sourcing of polished and uncut diamonds from major and secondary supply suppliers within the home market and sale of diamond to the retail and wholesale operations in Gujarat. Firm’s primarily promote diamonds to a buyer base unfold throughout home markets that features numerous jewelry producers, massive division retailer chains, retail shops and wholesalers. Mumbai primarily based FIRST OVERSEAS CAPITAL LIMITED, was the lead supervisor to Nanavati Ventures Restricted.

To date, 138 corporations have migrated to the primary board. The 372 corporations listed on BSE SME Platform have raised Rs.3,980 crore from the market and whole market capitalization of 372 corporations as on Might 05, 2022 is Rs. 52,174 Crore. BSE is the market chief on this phase with a market share of 60 %.

SEBI got here out with detailed tips on 18th Might 2010 for launching of SME Change/Platform. BSE was the primary inventory alternate to get the approval from SEBI and launch its SME platform on thirteenth March 2012.

The response for the reason that launch of this platform by BSE has been very constructive until date.



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