NSE gets first SME listing in 2016

Fourth Dimension Solutions Limited (FDSL), is the first SME to get listed on the NSE. Against an offer price of Rs 30, the stock was listed at Rs 31.8. As per the company documents, FDSL provides information technology infrastructure, technical support services and range of information technology and consultancy services, including infrastructure services, end user IT support, IT asset life cycle management and integrated solutions.

FDSL is the 33rd listing overall (12th company with an IPO) on NSE's SME platform. Significantly, the issue was open from Dec 30, 2015 to Jan 07, 2016 and got subscribed 1.96 times in spite of highly volatile market conditions during the period.

“We are witnessing a significant increase in number of listings now. The increase in number of IPOs, as witnessed in FY16, is likely to continue over the next few years. NSE is committed towards creating a conducive environment to support the unique listing requirements of these companies”, said Mr. Ravi Varanasi, Chief- Business Development, NSE. While congratulating NSE for facilitating the listing process, Mr. Amalendu Mukherjee, FDSL Promoter, said, “We got a fantastic response to our IPO. This gives us one more reason to sustain company’s performance.”