Relicab Cable becomes 126th firm to list on BSE SME platform

Daman-based Relicab Cable Manufacturing has become the 126th small and medium enterprise to list on the BSE SME platform.
The stock closed at Rs 20.10 apiece today, down from its IPO price of Rs 20 per share.
"Relicab Cable Manufacturing became the 126th company to get listed on the BSE SME platform on March 22, 2016," BSE said in a statement.
The exchange has listed 126 companies on its SME platform so far, of which 16 companies have migrated to the mainboard.
The Daman-based firm had come out with an initial public offering of over 20 lakh shares of Rs 10 each for cash at a price of Rs 20, aggregating to more than Rs 4 crore.

The company had successfully completed its public issue on March 14, 2016.

Relicab is engaged in the business of manufacturing and marketing of PVC Compounds and Wires and Cables.
It caters to diverse sectors like telecom, electrical, automotive and household appliances and the new field of wind energy.
As many as 20 SMEs are expected to come out with an initial public offer on BSE, while 16 are awaiting approval to launch IPO.
The SME platform provides opportunity to SME entrepreneurs to raise equity capital for growth and expansion.