SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
MRP Agro Limited became the 332nd company to get listed on the BSE SME Platform on February 18, 2021. MRP Agro Limited came out with an initial public offering of 8,10,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 40 Per Equity Share (The “Offer Price”), Aggregating to Rs. 3.24 Crore. The company has successfully completed its public issue on February 10, 2021.
MRP Agro Limited is primarily engaged in trading of food grains, fly-ash and coal including Import and Export of such products with a large base of ever growing consumers. The company has built a strong market and purchase such products domestically for supply to its consumers. The Company has trading network in urban and rural areas.
Ahmedabad – based Beeline Broking Limited, was the lead manager to MRP Agro Limited.
So far, 95 companies have migrated to the main board. The 331 companies listed on BSE SME Platform have raised Rs. 3,381.40 crore from the market and total market capitalization of 331 companies as on February 17, 2021 is Rs. 21,564.42 Crore. BSE is the market leader in this segment with a market share of 61 percent.