AA Plus Tradelink Limited becomes 342nd Company to get listed on BSE SME Platform- Check details
AA Plus Tradelink Limited got listed on the BSE SME Platform on July 22, 2021. The company came out with an initial public offering of 36,00,000 equity shares and has successfully completed its public issue on July 13, 2021.
AA Plus Tradelink Limited became the 342nd company to get listed on the BSE SME Platform on July 22, 2021. The Securities and Exchange Board of India (SEBI) came out with detailed guidelines on May 18, 2010 for the launching of SME Exchange/Platform. BSE became the first stock exchange to get approval from SEBI and launch its SME platform on March 13, 2012.
AA Plus Tradelink Limited came out with an initial public offering of 36,00,000 equity shares of Rs 10 each for cash at a price of Rs 18 per equity share (the “Offer Price”), aggregating to Rs 6.48 Crore. The company has successfully completed its public issue on July 13, 2021.
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AA Plus Tradelink Limited is a Maharashtra based company whose registered office is at Mumbai. The company is engaged in the business of trading of products made of iron and steel, aluminium, graphite and other alloy products.
It is also suppling epoxy floor coatings, industrial epoxy floor coatings, epoxy floor coating marine, PU floor coating etc. It is providing its services to corporate and other clients from the construction and manufacturing industry.
Mumbai based Inventure Merchant Banker Services Private Limited, was the lead manager to AA Plus Tradelink Limited.
So far, 109 companies have migrated to the main board. The 341 companies listed on BSE SME Platform have raised Rs 3,517.15 crore from the market and total market capitalization of 341 companies as on July 20, 2021 is Rs 31,265.98 Crore. BSE is the market leader in this segment with a market share of 61 percent.
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