Millennium Post

Fund raising via BSE’s SME platform crosses `1,000-cr mark

The quantum of fund-raising through BSE's small and medium-sized enterprises (SME) platform has crossed Rs 1,000 crore mark and the listing of Bajaj Healthcare is lined up for Tuesday. 

Prior to Bajaj Healthcare's IPO, 136 companies have raised Rs 973 crore through the SME segment.
Out of 136 firms, 18 firms have migrated to the main board platform and currently, there are 118 companies listed on the BSE's SME platform. These firms belong to a wide range of sectors, like logistics services, media, automotive components, hospitality and infrastructure among others.

Bajaj Healthcare, which raised Rs 30 crore through an initial public offer (IPO), will list its shares on Tuesday on the platform, as per information available with the BSE's SME segment.

The company's IPO opened for subscription on April 27 and closed on May 2. With the IPO of Bajaj Healthcare, the total fund raising through the platform has reached Rs 1,003 crore. Last week, BSE MD and CEO Ashishkumar Chauhan said that exchange expects 30 IPOs on its SME platform in the next three months.
BSE had launched SME platforms in March 2012 to provide opportunity to such firms to raise capital for growth and expansion.

After 2 years, MCX finally gets MD

After two years of wait, Multi Commodity Exchange (MCX) finally saw new Managing Director and CEO, Mrugank Paranjape, join the office on Monday. “Mrugank Paranjape has joined as MD and CEO of the company on May 09, 2016,” the exchange said in a BSE filing. His term is for 3 years.

 He worked with Deutsche Bank for 14 years. Later, he headed DB Center of the bank. MCX has been headless for the past two years. P K Singhal was handling the affairs of the exchange as joint MD. Now with the appointment of the MD, Singhal has been re-designated as the President and Whole Time Director with effect from April 1. A year ago, the company had appointed an MD but his name was rejected by the then regulator FMC on the grounds that proper procedures were not followed. 
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