ETMarkets SME Talk: Kulbhushan Parashar shares the secret of turning SME companies into multibaggers
Kulbhushan Parashar, Founder and Managing Director at Corporate Capital Venture.
In an interview with ETMarkets, Parashar said: “We normally try to make our public offering so that there is sufficient appreciation post listing and investors get a fair deal on their investment,” Edited excerpts:
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitQ) What’s been the response to two public offerings in CY-2024?
In CY-2024, we launched two public offerings on the NSE Emerge platform. Both received an excellent response due to the core strengths of being innovative and aggressive.
Delhi-based Solar PV modules manufacturer Alpex Solar received bids worth close to Rs 16,000 crore against its issue size of Rs 74 crore, thus becoming the second-highest subscribed SME IPO in history.
The second public offering, Esconet Technologies, a Delhi-based integrated B2B IT Infra solutions, received bids for Rs 9,500 crore compared to its public offering size of Rs 28 crore. Both issues began trading at listing gains of 125% and 245%, respectively, which indicates their success. Moreover, in CY-2023, Accent Microcell, an Ahmedabad-based manufacturer and exporter of pharmaceutical excipients, managed to break all records with an overwhelming response of nearly Rs 18,900 crore, making it an admirable accomplishment.
Q) How do you value
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