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Companies lose value on the BSE SME platform

Updated: Apr 28, 2014 04:44:48pm
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Mumbai, April 28 (KNN) In sync with the falling trend, the investors today lost value of their shares on the BSE SME platform as well with half of the companies losing ground.
 
As a result, the market capitalization of the shares of the SME platform of Bombay Stock Exchange has declined to Rs 6,832.91 crore today.
 
With 57 companies listed with the exchange, only 20 companies actively traded today.
 
In trading today, the top gainers were R J Biotech (20.00 per cent); Bothra Metals (17.68 per cent); and RNB Denims (4.94 per cent). Meanwhile, today’s losers were RCI IND (-5.93 per cent); Sunstar Realty (-4.38 per cent); and Jupiter Infomedia (-3.11 per cent).
 
Market statistics of two companies remained unchanged today.
 
BSE SME has an additional 14 companies in the process of listing on the platform in the next one month. Some of the companies to be listed are Dhanuka Commercial Limited, Sirohia and Sons Limited, Starlit Power Systems Limited etc.
 
BSE SME Platform offers an entrepreneur an investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector. 
 
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. (KNN Bureau)

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