Omnipotent Industries Limited became the 355th company to get listed on the BSE SME Platform on November 29, 2021. The company came out with an initial public offering of 30,00,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs63 Per Equity Share (The “Offer Price”), Aggregating to Rs18.90cr.
The company has successfully completed its public issue on November 22, 2021.
Omnipotent Industries Limited is a Mumbai based company engaged in supplying bulk and packed bitumen as well as other bituminous products. They source products either through direct imports or buy from third party importers and sell it to various distributors as well as corporates. They are also engaged in the consultancy of setting up of plants for Bitumen & Bituminous products.
Mumbai based Inventure Merchant Banker Services Private Limited, was the lead manager to Omnipotent Industries Limited.
So far, 125 companies have migrated to the main board. The 354 companies listed on BSE SME Platform have raised Rs3,761.31cr from the market and total market capitalization of 354 companies as on November 26, 2021 is Rs40,374cr. BSE is the market leader in this segment with a market share of 61 percent.
SEBI had come out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE was the first stock exchange to get the approval from SEBI and had launched its SME platform on 13th March, 2012.
The response since the launch of this platform by BSE has been very positive till date.