AA Plus Tradelink becomes 342nd company to get listed on BSE SME Platform

AA Plus Tradelink Limited became the 342nd company to get listed on the BSE SME Platform on July 22, 2021. AA Plus Tradelink Limited  came out with an initial public offering of 36,00,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.18 Per Equity Share (The “Offer Price”), Aggregating to Rs.6.48 Crore. The company has successfully completed its public issue on July 13, 2021.

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.

AA Plus Tradelink Limited is a Maharashtra based company whose registered office is at Mumbai. The company engaged in the business of trading of products made of iron & steel, aluminium, graphite and other alloy products. It is also suppling epoxy floor coatings, industrial epoxy floor coatings, epoxy floor coating marine, PU floor coating etc. It is providing its services to corporate and other clients from the construction and manufacturing industry.

Mumbai based Inventure Merchant Banker Services Private Limited, was the lead manager to AA Plus Tradelink Limited

So far, 109 companies have migrated to the main board. The 341 companies listed on BSE SME Platform have raised Rs.3,517.15 crore from the market and total market capitalization of 341 companies as on July 20, 2021 is Rs. 31,265.98 Crore. BSE is the market leader in this segment with a market share of 61 percent.

The response since the launch of this platform by BSE has been very positive till date.

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( With inputs from indiainfoline)