Both issues subscribe 262 and 140 times respectively Concord Control Systems public issue of 15.12 lakh equity shares at a price band of Rs 53 -55 per share, received a whopping investor response for its SME IPO that was available for subscription at BSE SME from 27 to 30 September 2022. The issue was subscribed 262 time attracting over Rs 1600 crore for its 8.32 Crore IPO.     Incorporated in 2011, Concord Control Systems Limited is engaged in the business of  manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors.  The company manufactures products required in railway coaches like Inter-Vehicular Coupler, Emergency Lighting System, Brushless DC carriage fan, Exhaust fans, Cable Jackets, Bellows etc. and products required in the electrification of coaches and broad-gauge network of Indian Railways like Battery Charger 200 AH, Battery Charger 40 AH, and Tensile Testing Machine. Cargotrans Maritime Limited IPO

Auspicious time of Navratri and runaway returns delivered by some recent issues set the mood for record number of 14 SME ( small and medium enterprises)  IPOs that have approached the primary market this week, including Concord Control Systems, Cargotrans Maritime, Lloyds Luxuries, Cargosol Logistics, Silicon Rental Solutions, Vedant Asset, Isolation Energy,   Cyber Media Research, Indong Tea, MaaghAdvertising, QMS Medical, Reetech International Cargo & Courier, Steelman Telecom, Swastik Pipe and Trident Lifeline . The data compiled by Aaryana Matasco,  an emerging company Investor Relations and PR Firm, shows the record for highest number of SME IPOs in a single month that was 24, witnessed in October 2018 is also being broken this month with the launch of 27 IPOs in September 2022.    The secondary markets have been volatile, but demand for SME IPOs has been better this year. This year, the demand to list on the SME platform has been robust compared to 59 listings in 2021

  Silicon Rental Solutions Limited (SRSL) , an IT equipment outsourcing company, has launched its public issue of up to 27, 12,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 78 per Equity Share, available in a  lot size of 1600, for subscription on the BSE SME Exchange. The issue will close on 30 September 2022.   The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. The Company’s Chairman and Managing Director, Sanjay Harish Motiani said” We are an IT equipment outsourcing company, engaged in providing end to end IT equipment on a rental and returnable basis in India. The Company is raising Rs 2115.36 lakh through the public issue. Out of net offer proceeds, Rs. 854.78 Lakhs will be utilized to meet capital expenditure requirements, Rs 850 lakhs for repayment of borrowings and the balance towards general corporate purposes. In Fiscal 2022, we served over 275 customers, acro

  Ice Make Refrigeration Limited (Ice Make), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipment in India, has announced significant expansion plans at its Annual General Meeting. During this financial year, the Company is planning to set up a​Greenfield ​ ​unit at a cost of around Rs. 45 to 50 Crores​. ​ ​The Company will manufacture ​​Continuous Penal​​s ​that are used in areas like infrastructure, industrial & residential building​s. ​The project will be set up in​ ​Gujarat​and expected to be fully functional in the next 12 to 15 months.  Mr. Chandrakant P. Patel, CMD, Ice Make Refrigeration Limited said “. As per the market survey, the future forecast of Continuous ​P​enal business is pegged at a CAGR of about 14% during next five years.​ We are confident the project will further strengthen the business growth of the Company. We are in the process of evaluating various sources of finance for our capex plan of Rs. 45 to 50 Crore

We welcome the National logistic policy (NLP) unveiled by the Prime Minister Narendra Modi that includes four major steps in order to bring Indian logistics on par with the global benchmark. These four steps include Integration of Digital Systems, starting a Unified Logistics Interface Platform (ULIP), improving Ease of Logistics (ELOG), and setting up a System Improvement Group (SIG). We believe the policy that aims to promote seamless movement of goods, enhance the competitiveness of the industry and significantly reduce transportation; warehousing and Inventory costs from overall 14% of GDP to a single digit can do wonders to the supply and cold chain logistics sector in India. In current times, for transporting and storing temperature-sensitive products in refrigerated storage has become an integral part of the supply chain. There are various bottlenecks that need to be addressed in unison by the industry stakeholders. Currently, higher logistics cost is leading to an industry esti

  Asit C . Mehta Financial Services ltd group ( ACMFSL ) ,  one  of the leading fintech conglomerates in Indian equity markets, has signed a Memorandum of Understanding (MoU) with iFAST Financial India Pvt Ltd (iFAST India) to acquire their Registered  Investment  Advisor (RIA) business   that helps independent financial advisers provide fee-based multi-asset advisory services. The RIA platform proposes to offer unparalleled advisory and investment options to investors. iFAST India is a part of iFAST Corporation Ltd (iFAST Corp), one of Asia’s largest wealth management fintech platforms headquartered in Singapore. Mrs Deena Mehta, Group MD, ACMFSL group , said “As a company with close to 40 years of unblemished legacy, we are extremely confident that with the kind of technology we bring to the fore, investment advisory and experience that we have in capital markets, we will be able to add lots of value to the introducers and clients of iFAST. We are really excited and looking forward

Asit C . Mehta Financial Services ltd group ( ACMFSL ) ,  one  of the leading fintech conglomerates in Indian equity markets, has signed a Memorandum of Understanding (MoU) with iFAST Financial India Pvt Ltd (iFAST India) to acquire their Registered  Investment  Advisor (RIA) business   that helps independent financial advisers provide fee-based multi-asset advisory services. The RIA platform proposes to offer unparalleled advisory and investment options to investors. iFAST India is a part of iFAST Corporation Ltd (iFAST Corp), one of Asia’s largest wealth management fintech platforms headquartered in Singapore. Mrs Deena Mehta, Group MD, ACMFSL group , said “As a company with close to 40 years of unblemished legacy, we are extremely confident that with the kind of technology we bring to the fore, investment advisory and experience that we have in capital markets, we will be able to add lots of value to the introducers and clients of iFAST. We are really excited and looking forward t

When the legendary Indian equity investor and billionaire business magnate RK (Rakesh Jhunjunwala) began investing in equities at the young age of 25 in 1985 with a capital of  ₹ 5,000, the BSE Sensex was trading around 300 points. The economic crisis of 1991 was a blessing in disguise for budding investors with a solid vision, bold attitude and confidence like RK . Many hurdles were gone with the launch of a raft of economic reforms, including the dismantling of the licence Raj. Liberalisation emerged as the gateway of opportunities for Indians with the opening up of the private sector. Since then, the Indian economy and the stock markets have grown multi-fold.   The BSE Sensex, the oldest stock index of 30 companies, has marched a long way since – through highs and lows – from about 1050 points in January 1991 to an all-time-high of 62,245 in January 2022 . The contribution of BSE to the Indian Economy has made it the temple of wealth creation.  RK, who was full of life, self learn