Fone4 Communications Nanavati Ventures Lists on ESB’s SME Platform

The 372 companies listed on BSE’s SME platform have raised Rs. 3,980 crore in the market and the total market capitalization of 372 companies as of May 05, 2022 is Rs. 52,174 crore

Fone4 Communications (India) and Nanavati Ventures respectively become the 373 and 374 companies to be listed on ESB’s SME platform on Friday.

Fone4 Communications has launched an initial public offering of 68,000,000 equity shares of Rs 10 each (equity shares) in cash at a price of Rs 10 per equity share (offer price), aggregating Rs 6.80 crore. The company finalized its public offering on April 27, 2022, according to the official statement.

In addition, Nanavati Ventures has launched an initial public offering of 4,38,000 equity shares of Rs 10 each (equity shares) in cash at a price of Rs 50 per equity share (offer price), totaling 2.19 crore of Rs. It finalized its public issuance on April 27, 2022.

So far, 138 companies have migrated to the motherboard. The 372 companies listed on BSE’s SME platform have raised Rs. 3,980 crore in the market and the total market capitalization of 372 companies as of May 05, 2022 is Rs. 52,174 crore. BSE is the market leader in this segment with a 60% market share, he said.


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