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BSE's SME exchange to 'go live' today

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CIOL Bureau
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NEW DELHI, INDIA: The much-touted BSE (Bombay Stock Exchange) SME (small and medium enterprises) Exchange will witness its first IPO on Thursday, as a non-banking finance company — BCB Finance — will file its first IPO, according to media reports.

The IPO, which is scheduled to open for subscription on February 23, will be the first issue to be traded on the segment in March.

BCB Finance, which is engaged in business of advancing loans and investing/trading in securities, will raise Rs 8.85 crore through the issue, which will close on February 27 and the issue price is fixed at Rs 25 a share. If the IPO is successful, it may pave the way for the listing of other companies on the platform, it said.