MSE Introduces 14 scrip’s under Permitted to Trade

by Shrutee K/DNS

       14 IPOs, including Lemon Tree & ICICI Securities available for trading under Permitted to trade category (PTT)

       Enhances Platforms to revive Equity & Other Segments

Mumbai, April 11, 2018: Metropolitan Stock Exchange, the youngest national level stock exchange of India welcomes listing of 14 IPOs. The recent additions were ICICI Securities Ltd and Lemon Tree Hotels Ltd.  These young companies’ entry in the capital markets gets a red carpet from MSE under the “Permitted to trade category” (PTT), on the same day of their listing on BSE and NSE 

Trading in the equity shares of these companies will be in cash market segment for all investors. Details of these companies along with Lead managers and merchant bankers for the respective IPOs are mentioned in the list (annexed).

Mr Udai Kumar, MD & CEO, Metropolitan Stock Exchange said “As a proactive measure, MSE has started including new listings on its platform on the first day itself to initiate trading under “Permitted to Trade Category. We are receiving excellent response in our interaction with the new-age ventures which are looking for a platform that serves as their entry point in the world of capital market”

Commenting further on various platform enhancements, Mr Kumar added “We are now well equipped to offer comprehensive exchange offerings according to the needs of different investor categories through platforms such as Offer for Sale, Offer to Buy, Book Building Platform & Electronic Book Building Provider. Further, our focus remains on Equity bulk, block deals. We are working on some more effective rollouts that will help us renew market participants’ interest in our platform”.

Offer for Sale (OFS): To help issuers of listed company raise funds, meet regulatory requirement of minimum public shareholding requirement within considerably less time

Book Building Platform: to raise capital through Public Offerings-both Initial Public Offers (IPOs) and Follow-on Public Offers (FPOs) to aid price and demand discovery

Offer to Buy (OTB) platform to enable companies in buyback offers and acquirers/ promoters in Takeover code related open offers

Electronic Book Building Provider (EBP): This mechanism is available on our exchange platform for issuance of Debt Instruments by corporates. With this the exchange will be able to attract new debt issues and their subsequent trading.

LIST OF COMPANIES / RECENT IPOS UNDER “PERMITTED TO TRADE” ON MSE

Sr     No.	Company name	Symbol	BSE, NSE & MSE listing date	Issued Size (Rs Crs)	Issue Price per share	Lead Merchant Bankers
1	Apollo Micro Systems Limited.	APOLLO	22-01-2018	158.51	Rs. 275/-	Aryaman Financial Services Limited
2	Newgen Software Technologies Limited.	NEWGEN	29-01-2018	424.62	Rs.245/-	ICICI Securities Limited, Jefferies India Private Limited, IDFC Bank Limited
3	Amber Enterprises India Limited.	AMBER	30-01-2018	600	RS.859/-	Edelweiss Financial Services Limited, IDFC Bank Limited, SBI Capital Markets Limited, BNP Paribas
4	Galaxy Surfactants Limited.	GALAXYSURF	08-02-2018	937.09	Rs.1480/-	ICICI Securities Limited, Edelweiss Financial Services Limited, JM Financial Limited
5	Aster DM Healthcare Limited	ASTERDM	26-02-2018	9599.32	Rs.190/-	Kotak Mahindra Capital Company Limited Axis Capital Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited JM Financial Limited YES Securities (India) Limited
6	H G Infra Engineering Limited	HGINFRA	09-03-2018	1,759.62	Rs.270/-	SBI Capital Markets Limited HDFC Bank Limited
7	Bharat Dynamics Ltd	BDL	23-03-2018	7,844.44	Rs.428/-	SBI Capital Markets Limited IDBI Capital Markets & Securities Limited Yes Securities (India) Limited
8	Bandhan Bank Limited	BANDHANBNK	27-03-2018	44,730.16	Rs.375/-	Kotak Mahindra Capital Company Limited Axis Capital Limited GoldmanSachs (India)Securities Private Limited JM Financial Limited J.P.  Morgan  India  Private Limited
9	Hindustan Aeronautics Ltd	HAL	28-03-2018	40,628.08	Rs.1215/-	SBI Capital Markets Limited Axis Capital Limited
10	Karda Constructions Ltd	KARDA	02-04-2018	221.40	Rs.180/-	Aryaman Financial Services Limited
11	Sandhar Technologies Ltd	SANDHAR	02-04-2018	1,998.33	Rs.332/-	ICICI Securities Limited Axis Capital Limited
12	Mishra Dhatu Nigam Ltd	MIDHANI	04-04-2018	1686.06	Rs.80/-	SBI Capital Markets Limited IDBI Capital Markets & Securities Limited
13	ICICI Securities Ltd	ISEC	04-04-2018	16751.35	Rs.520/-	DSP Merrill Lynch Limited Citigroup Global Markets India Private Limited CLSA India Private Limited
14	Lemon Tree Hotels Limited	LEMONTREE	09-04-2018	4403.91	Rs. 56/-	Kotak Mahindra Capital Company Limited CLSA India Private Limited J.P. Morgan India Private Limited YES Securities (India) Limited

MSE has been extensively engaging with brokers through various roadshows & has launched a member activation scheme last year called “MY MSE” to further incentivise & enhance broker engagements at a national level and in smaller geographies. MSE through its broker network endeavours to reach out to smaller investors to further enhance the domestic capital market & its own market share.

About MSE

MSE is the youngest national level stock exchange in India with operations in Currency Derivatives, Equity Cash & Derivatives and Debt. It is working on a business revival strategy that’s gaining traction. Its shareholders include India’s top public and private sector banks and domestic financial institutions, who together hold 34%+, besides eminent shareholders like Rakesh Jhunjhunwala, Radhakishan Damani and Nemish S. Shah. MSE has an eminent Board of Directors and a professional management steering it. In line with global best practices and regulatory requirements, clearing & settlement of trade on the exchange are through its subsidiary (it has a 95% stake) Metropolitan Clearing Corporation of India Ltd. (MCCIL), which is an accredited Qualified Central Counterparty.