Achyut Healthcare, Evok Remedies become 366th and 367th companies respectively to list on BSE SME platform

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In a major development, Achyut Healthcare Ltd and Evok Remedies Ltd became the 366th and 367th companies, respectively, to be listed on the BSE SME platform on March 30, 2022.

Achyut Healthcare Limited made an initial public offering of 18,00,000 equity shares of Rs 10 each (“Equity Shares”) in cash at a price of Rs. 20 per Equity Share (“Offer Price”), aggregating to Rs. 3.60 crores. The company has successfully completed its public offering on March 22, 2022. Evoke Remedies Limited brings about an initial public offering of 36,00,000 equity shares of Rs 10 each (“Equity Shares”) in cash at a price of Rs. 27 per Equity Share (“Offer Price”), aggregating to Rs. 9.72 crores. The company has successfully completed its public offering on March 22, 2022.

So far 131 companies have been transferred to the Main Board. The 365 companies listed on the BSE SME platform have raised Rs 3,884.54 crore from the market and the total market capitalization of the 365 companies as of March 29, 2022 is Rs. 47,782.00 crore. BSE is the market leader in this sector with 61 per cent market share.

SEBI issued detailed guidelines on 18 May 2010 for setting up of SME Exchanges/Platforms.

BSE was the first stock exchange to receive approval from SEBI and launch its SME platform on 13 March 2012.



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