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Ahmedabad-based e-commerce platform Lohalive.com, which provides end-to-end solutions to various players in the iron and steel industry, is in process to get itself listed on Bombay Stock Exchange's (BSE) SME platform.
Chirag Shah, managing director, Loha Live Junction Private Limited, said, "We are in the process to get listed on the BSE SME platform. The procedure may take around six to eight months."
Lohalive.com, Shah said, is building a market through an organised and detailed web portal of manufacturers, traders, suppliers, stockiest, retailer, industrialists, end users, among others.
About his portal, Shah said, "Loha Live will facilitate e-commerce trade for the highly fragmented but huge around 90 million tonnes per annum iron and steel industry in the country. Our portal's aim is to build a market for the iron and steel industry through an organised and detailed web portal of manufacturers, traders, suppliers, stockiest, retailer, industrialists, end users, among others."
Sharing growth plans for the portal, Shah, said, “We will make Lohalive.com among the best technological platform globally for the iron and steel industry. We have invested around Rs 2 crore till now and plan to invest Rs 50 crore in the comings years for a pan-India network presence."
The web portal aims to provide a range of live services with the complete list of all listed buyers and sellers with their products, nature of trade, contact details, among other information.
The portal also offers value added services including logistics management, inspection and testing, broking, warehousing and further processing of the products in addition to getting specific product quotations in a hassle-free manner, Shah claims.
