June 26, 2015
Press Release No. 1
K A
Wires to become the 1st company to get listed on NSE’s Emerge ITP from The
Eastern Region
Kolkata: K A Wires Ltd, a Kolkata based company,
will become the first company to get listed on NSE’s Emerge Institutional
Trading Platform (ITP) from the eastern Region on Monday (29/6/2015). As per
the information submitted to the exchange the company manufactures and exports
thermal spray wires.
NSE’s Emerge ITP is an exclusive platform for
start-ups and growing companies to list and showcase their performance to their
lenders and potential investors, without an IPO (Initial Public Offer). Here
companies can raise funds through rights or placement issues. KA Wires, the 15th
company to be listed on Emerge ITP, was advised by Sumedha
Fiscal Services Ltd (SFSL) (a Category I Merchant Banker registered with SEBI)
for the listing. NSE launched the EMERGE ITP platform in December 2013. The criteria for listing on ITP, without an IPO,
is that the company should not have been incorporated for more than 10 years;
one year’s audited financial statement, revenues of less than 100 crores and
paid up capital of less than 25 crores. It should have existing investors and
lenders to be eligible to list on ITP. Along with the ITP segment, the SME
initiative of the exchange also includes NSE Emerge where companies can bring
out IPO (unlike Emerge ITP).
"The Institutional trading platform helps
start-ups in enhancing the visibility of the company, creating a market for the
company's shares; besides increasing public awareness and interest in the
company and it's products.
It also provides access to additional fund raising,
through rights or placement issues" said Mr Ravi
Varanasi, Chief - Business Development, NSE.
NSE has established a credible admission process and
also handholds interested entrepreneurs in their journey to the capital
markets. The exchange lends support to the issuer companies to reach out to the
investor community. "The process of ITP at NSE Emerge is smooth and
effective for all startup companies", said Mr Bijay Murmuria, Director, Sumedha Fiscal Services Ltd. The platform encourages the promoters to give an audience
to the investor community to instil confidence in
them and thereby build their credibility. NSE is very keen that good quality
companies should be able to raise funds on Emerge, while
on the other hand it is an opportunity for investors to invest in high growth
companies, with good business models.
For more details, contact:
Arindam Saha
Head - Corporate Communications
cc_nse@nse.co.in
+91 – 022 – 2659 8164
About NSE:
In its 20 year history, NSE has transformed the capital market, based on
technology, innovation, high standards of governance and management practices.
NSE's business practices and high levels of integrity have earned it the trust
of the financial markets worldwide. Besides being a platform of choice for all
exchange traded financial products In India, NSE’s flagship index, the Nifty
50, has become a benchmark national level economic parameter. Since inception, the exchange has been covered
extensively by global media and has won many accolades as recognition of this remarkable
journey.
Press Release No. 2
Lisitng of Equity Shares of K
A Wires Limited
The equity shares of the following company shall be listed and
admitted to dealings on the SME- Institutional Trading Platform (SME
EMERGE-ITP) of the Exchange w.e.f. June 29, 2015
|
Sr. No. |
Symbol |
Name of the Company |
ISIN Code |
|
1 |
KAWIRES |
K A Wires
Limited |
INE372S01017 |
The equity shares of K A
Wires Limited (Symbol: KAWIRES) shall be traded in the Normal Market segment in
compulsory demat for all investors.
Press Release No. 3
Lisitng
of Equity shares of Alankit Limited
The equity shares of the following company shall be listed and
admitted to dealings on the Exchange w.e.f. June 30,
2015. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling
Settlement) for all investors.
|
Sr. No. |
Symbol |
Name of the Company |
ISIN Code |
|
1 |
ALANKIT |
Alankit Limited |
INE914E01024 |
Press Release No. 4
Clarification
by JBF Industries Limited
Significant volume movement
has been observed in JBF Industries Limited
The Exchange, in order to
ensure that investors have latest relevant information about the company and to
inform the market place so that the interest of the investors is safeguarded,
had written to the company.
JBF Industries
Limited has vide its letter inter-alia stated, "that there is no
information pending to be informed/announced as per clause 36 of Listing
Agreement.”
Press Release No. 5
Clarification
by the State Trading Corporation of India Limited
Significant volume movement
has been observed in The State Trading Corporation of
India Limited
The Exchange, in order to
ensure that investors have latest relevant information about the company and to
inform the market place so that the interest of the investors is safeguarded,
had written to the company.
The State Trading
Corporation of India Limited has vide its letter
inter-alia stated, "that we do not have any information/announcement
(including pending announcement) which could have affected the volume in the
scrip.”
Press Release No. 6
Clarification
by MMTC Limited
Significant volume movement
has been observed in MMTC Limited
The Exchange, in order to
ensure that investors have latest relevant information about the company and to
inform the market place so that the interest of the investors is safeguarded,
had written to the company.
MMTC Limited has vide its
letter inter-alia stated, “that
the company has not issued any press release nor shared any price sensitive
information to the public at large recently. However some news items have
appeared in newspapers on 25.06.2015 showing the Union Cabinet has approved
Long Term Agreement for export of Iron Ore to Japan & Korea by MMTC from
April 2015 to March 2018.“