Mumbai, March 19 (KNN) Chennai based Oceanaa Biotek Industries has come out with its public issue of 21 lakh equity shares of Rs 10 each for cash at a price of Rs 10 per share, aggregating to Rs 2.10 crores of which 1,05,000 equity shares of Rs 10 each will be reserved for the subscription by market makers to the issue.
 
The issue was opened for subscription on March 18 which is going to close on March 20, 2014.
 
The equity shares offered through this prospectus are proposed to be listed BSE SME.
 
Oceanaa Biotek Industries Limited (OBIL) is a specialized food testing Laboratory. The Company proposes to utilize the funds which are being raised through this issue towards funding to set up a food testing analysis lab and to meet issue expenses.
 
Yesterday, with Karnimata Cold Storage Limited getting listed, the number of companies listed on the BSE SME trading platform has touched 53, though the number of companies actively traded is 11.
 
BSE SME Platform offers an entrepreneur and investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector.

Over the last few weeks, the BSE SME Exchange, the Bombay Stock Exchange's platform for small and medium enterprises (SMEs), has been witnessing a lot more SMEs listing on the platform. (KNN/SD)