BOHRA INDUSTRIES LIMITED LISTED IN NSE-EMARGE

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10 Apr, 17 13:11
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Jaipur: Udaipur based Bohra Industries Limited ("Bohra" or "BIL" or the "Company") made its debut on the EMERGE Platform of National Stock Exchange of India Limited on Wednesday, April 05, 2017 and successfully got listed at the opening price of Rs 56.20/- per share.
With Issue size of more than 25 crores, the IPO of Bohra Industries Limited becomes the biggest IPO in SME from Rajasthan. The Company came upwith an initial public offering of Rs. 45,72,000 Equity shares at a price band of Rs 51/- per equity share to Rs. 55/- per equity share. The IPO was opened for subscription from March 23, 2017 and March 23, 2017 and was garnered subscription of more than Rs 80 crores.Pantomath Capital Advisors Private Limited, a Category I Merchant Banker is the Lead Manager to the Issue. To commemorate this moment, a grand listing ceremony was held at Udaipur Chamber of Commerce and Industry, Chamber Bhawan, Udaipur, which was graced by Chairperson -Shri Ramesh Mantri, Managing Director, Maverick Share Brokers Limited,Shri Hemant Kumar Bohra, Chairman & Managing Director, Bohra Industries Limited, Shri Mahavir Lunawat MD, Pantomath Capital Advisors (P) Ltd and other reputed dignitaries.
The IPO witnessed heavy participation from both retail and non retail sector including Corporates and HNIs. Notably, foreign institutional investor (FII) bidded 35% of IPO. It's is the first time any FII has applied in any SME IPO on NSE Emerge, which seems to be a major milestone not only for Bohra Industries but for the entire SME Capital Market.
This is the 40th IPO lead managed by Pantomath Capital, which has managed maximum IPOs raising maximum growth capital for progressive SMEs.
Incorporated in 1996, BIL is engaged in manufacturing of Single Super Phosphate (SSP) both in powder and granulated form. The product, SSP fertilizer is being sold under brand name MAHALAXMI, in 17 states of India and is also simultaneously marketed by leading fertilizer companies of India. The proceeds raised through this issue are largely to be utilized towards purchase of Plant and Machinery, Working Capital requirements and General Corporate Purposes.
"We at Bohra Industries are overjoyed to take this progressive step in our journey of success by listing our Company on NSE Emerge. We are delighted to have taken this decision of entering the capital markets. Being the biggest SME IPO from Rajasthan has boosted our confidence and is really a proud moment for all of us. We look forward for exploring new markets and availing the benefits of going public. We thank all our team members and well-wishers who have been part of this journey it is our pleasure that our Company." remarked Mr. Hemant Bohra - Chairman and Managing Director, Bohra Industries Limited.
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