3 firms file DRHP on BSE SME
Updated: Oct 04, 2014 02:15:08pm
Mumbai, Oct 4 (KNN) Three new firms – O P Chains Limited, Raghuvansh Agrofarms Limited and Karnavati Finance Limited have filed their draft red herring prospectus (DRHP) to be listed on the BSE SME platform.
A member of the Gem and Jewellery Export Promotion Council, O P Chains Limited is involved in bullion trading of gold, silver and other precious metals, specializing in bars and coins.
The bullion dealer offers wholesale delivery of bullion to domestic users such as ornament manufacturers, goldsmiths, jewellers and semi-wholesalers. Currently it caters to majority of silver and gold requirements of Agra. The firms operates as an important intermediary in bullion trading industry whereby it purchases materials such as gold, silver and other precious metals from State Trading Corporation of India, Hindustan Zinc Limited, ICICI Bank Limited, Punjab National Bank Limited and SB Ornaments Private Ltd and supplies the same to the jewellery industry.
Kanpur based Raghuvansh Agrofarms Limited is engaged in the cultivation of organic vegetables, grains and cereals, having an integrated facility for cultivation, processing and distribution of agricultural produce. It is also engaged in dairy farming and production and distribution of dairy products. Recently the company has ventured into the field of renewable energy, successfully running a Bio Gas Power Plant on pilot basis at its Kapli Farms. It is now planning to set up a 3 MCi commercial radiation processing facility for approved low and medium dose items such wheat, Atta, Soya bean and spices such as coriander, chilies etc.
Based in Mumbai, Karnavati Finance Limited is a Non Deposit taking Loan Company (NBFC-ND-LC) engaged primarily in the business of providing loans as per the requirement of customers - both secured and unsecured finance. The company’s products are typically directed at Individuals and small and medium sized entities, the loan products customized to the requirements of its borrowers as business loans or personal finance.
The BSE SME Exchange, Bombay Stock Exchange's platform for small and medium enterprises (SMEs), is witnessing a lot more SMEs listing on the platform these days. However, active trading takes place in less than half of the companies listed.
Among others firms waiting to be listed on the bourse are Aanchal Ispat Limited, Akme Star Housing Finance Limited and Mahabir Mettalex Limited.
BSE commenced the SME platform on March 2012 and in over two- year period, BSE has achieved more than 90 per cent market share helping Indian SMEs create a market capitalisation of more than USD 1 billion. Average IPO size on BSE SME is close to Rs 9 crore per issue.
BSE SME Platform offers entrepreneurs an investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector. (KNN/ES)
A member of the Gem and Jewellery Export Promotion Council, O P Chains Limited is involved in bullion trading of gold, silver and other precious metals, specializing in bars and coins.
The bullion dealer offers wholesale delivery of bullion to domestic users such as ornament manufacturers, goldsmiths, jewellers and semi-wholesalers. Currently it caters to majority of silver and gold requirements of Agra. The firms operates as an important intermediary in bullion trading industry whereby it purchases materials such as gold, silver and other precious metals from State Trading Corporation of India, Hindustan Zinc Limited, ICICI Bank Limited, Punjab National Bank Limited and SB Ornaments Private Ltd and supplies the same to the jewellery industry.
Kanpur based Raghuvansh Agrofarms Limited is engaged in the cultivation of organic vegetables, grains and cereals, having an integrated facility for cultivation, processing and distribution of agricultural produce. It is also engaged in dairy farming and production and distribution of dairy products. Recently the company has ventured into the field of renewable energy, successfully running a Bio Gas Power Plant on pilot basis at its Kapli Farms. It is now planning to set up a 3 MCi commercial radiation processing facility for approved low and medium dose items such wheat, Atta, Soya bean and spices such as coriander, chilies etc.
Based in Mumbai, Karnavati Finance Limited is a Non Deposit taking Loan Company (NBFC-ND-LC) engaged primarily in the business of providing loans as per the requirement of customers - both secured and unsecured finance. The company’s products are typically directed at Individuals and small and medium sized entities, the loan products customized to the requirements of its borrowers as business loans or personal finance.
The BSE SME Exchange, Bombay Stock Exchange's platform for small and medium enterprises (SMEs), is witnessing a lot more SMEs listing on the platform these days. However, active trading takes place in less than half of the companies listed.
Among others firms waiting to be listed on the bourse are Aanchal Ispat Limited, Akme Star Housing Finance Limited and Mahabir Mettalex Limited.
BSE commenced the SME platform on March 2012 and in over two- year period, BSE has achieved more than 90 per cent market share helping Indian SMEs create a market capitalisation of more than USD 1 billion. Average IPO size on BSE SME is close to Rs 9 crore per issue.
BSE SME Platform offers entrepreneurs an investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector. (KNN/ES)
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