Hotline: 1800 102 2007
X
Search Business Opportunities
2012-08-30

NSE SME to get its first IPO listing

National Stock Exchange’s (NSE) platform for small and medium enterprises, EMERGE will soon see its first IPO listing. Chennai-based, engineering solutions provider, Thejo Engineering has proposed to enter the capital market on September 4 for raising up

National Stock Exchange’s (NSE) platform for small and medium enterprises, EMERGE will soon see its first IPO listing. Chennai-based, engineering solutions provider, Thejo Engineering has proposed to enter the capital market on September 4 for raising up to Rs 21crore through a book building process.

Four SME companies have already listed on rival BSE's SME Exchange.

“The company has fixed price band at Rs 402-430 per equity share of Rs 10 each,” V A George, company President and CEO told reporters.

According to the company, the three-day issue would close on September 6.

IDBI Capital Market Services Ltd is the sole Book Running Lead Manager for the issue.

The company proposes to invest the net proceeds of the issue to set up a poly-urethane unit with investment of Rs 68.28 lakh, expansion of the existing facility with an investment of Rs 6.87 crore, setting up R&D unit with a total outlay of Rs 2.83 crore and setting up a lining plant with a total cost of Rs 1.69 crore, all at Chennai.

Thejo Engineering provides for bulk material handling, mineral processing and corrosion protection to core sector industries like mining, power, steel, cement, ports and fertilisers among others.

Related opportunities
  • Others Food Service
    About Us: India’s First Protein Chain. No Competition in Same Product Category..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Express Food Joints / Drive Through
    About Us: Founded in 2017,”Yummerica Fries” brand is present in 10+..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater MUMBAI Maharashtra
  • Juices / Smoothies / Dairy parlors
    About Us: Monginis is a Bakery & Confectionary Brand in India, which..
    Locations looking for expansion Maharashtra
    Establishment year 1971
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Furniture/Home Decor & Furnishing
    About Us: ▪ The innovative and creative business concept of ''Paint-Lib''..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts