Mumbai, March 04, 2012 : With the listing of BCB Finance, BSE SME Exchange will formally be launched on March 13, 2012. BCB Finance recently raised INR 8.85 cr through an initial public offering (IPO) that was open between February 23 and 27. IPO was subscribed by 1.5 times. BCB Finance is primarily engaged in the business of advancing loans and investing/trading in securities.
Due to very nature of companies who gets listed Regulator and exchanges have prescribes market making norms in order to provide liquidity and stability. Market maker quotes both a buy and a sell price in a financial instrument. Currently, there are 30 registered market markets at the exchange. Companies listed on BSE SME requires market maker for a period of 3 years. IKAB Securities & Investment is the market maker for BCB Finance.
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