IPO

Business Byts:The growth story of BSE SME platform that generated magnificent returns in last one year.

Business Byts:The growth story of BSE SME platform that generated magnificent returns in last one year.

BSE SME IPO Index has given a massive return of over 255% to the investors in the past 1 year, beating BSE Smallcap Index with a large periphery, which has given a return of over 95% during  the same period. Launched in 2012, the BSE SME platform has listed 343 SMEs till date, out of which 112 have migrated to the BSE main board. A total of over Rs. 3,500 crore has been raised by SME Companies from the BSE SME platform, providing them with required equity…
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Utkarsh Small Finance Bank gets SEBI approval to float IPO

Utkarsh Small Finance Bank gets SEBI approval to float IPO

Varanasi, Uttar Pradesh based, Utkarsh Small Finance Bank Ltd, has received market regulator Securities and Exchange Board of India’s (SEBI) nod to raise Rs. 1350 crore through the Initial Public Offering (IPO) route. The company had filed DRHP with SEBI on March 5, 2019. The IPO consists of fresh issue aggregating up to Rs 750 crore and an offer for sale of up to Rs  600 crore by the selling shareholder Utkarsh Coreinvest Ltd. The equity shares, of face value Rs 10 each, will be listed on the National Stock Exchange…
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