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During last week, two companies named – Crown Lifter and Husys Consulting have come up with public issue. The IPOs opened on 9th September and are scheduled to close on 19th Sep. Crown Lifter has been listed at NSE SME Platform. Its is a professional construction equipment company providing construction machines on hire. It has a fleet of cranes and list of customer include, Reliance Industries Itd , L & T , BHEL, Ultratech cement Itd, TATA projects Ltd. etc.

It is fixed price issue of 5.52 lac shares at Rs.121 per equity shares (face 1 value being Rs.10 per equity shares). Total issue size is Rs. 6.68 crore. Minimum order quantity or the market rate is 1000 shares. Mr. Karim kamruddin jaria is the promoter of the company. Turnover of last three financial year are as follows-

                                Turnover                        N.P

        F.Y. 13-14               14.40 Crore                   0.11 crore

        F.Y. 14-15                16.15 Crore                   1.20 crore

        F.Y. 15-16                21.76 Crore                  2.49 crore

2) Husys consulting –Husys consulting is also a SME. Being given green signal for IPO on NSE SME. Its is a cloud based HR Software platform, with annual turnover of 12.45 crore in 2015-16

And not profit is nearly 38 lacs. Total issue size is 4.2 crore with 6.08 lacs equity shares @69 each, minimum order quantity is 2000 shares.

These SME Platform at BSE and NSE were made in 2012 and now these are functioning well with more and more IPOs of SMEs getting listed and few of them have succeeded to shift on main board.

On September 2014 , Radhika Jewel tech Ltd .IPO opened at NSE SME ,and sep 15,2016 is due date for AVSL Industries IPOs on NSE SME.

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