NSE operationalises SME platform `Emerge’ with listing of Thejo Engineering
18 Sep 2012
National Stock Exchange (NSE), the country's largest stock exchange today operationalised its new trading platform for small and medium enterprises (SMEs) – Emerge - with the listing of Thejo Engineering, the first to get listed in this category on the bourse.
Chennai-based Thejo Engineering Ltd today listed on `Emerge' at Rs412, with a premium of 2.48 per cent over its issue price of Rs402. NSE said some more companies are in line to get listed in this segment.
Thejo Engineering expects to raise around Rs21 crore from the issue. The net proceeds will be used to set up a poly-urethane unit with investment of Rs68.28 lakh.
Finance minister P Chidambaram along with SEBI chairman U K Sinha launched NSE's Emerge with the listing of Thejo Engineering.
NSE managing director Ravi Narain said while the exchange has been very selective in deciding on the companies to be listed on the new SME platform, "quite a decent number of companies" are interested in getting listed.
He did not divulge the exact number of the companies that are likely to be listed on `Emerge.'