NSE gets first SME listing in 2016

NSE gets first SME listing in 2016

FDSL lists on NSE at a premium

India’s leading stock exchange today has listed Fourth Dimension Solutions Limited (FDSL). 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 33^rd 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.”

Issue Size (Value)		Rs. 8.70 crs
Offer Open Date		30-Dec-2015
	Offer Close Date		7-Jan-2016
	Price		Rs. 30
	Opening price		Rs 31.80
	No. Of Times Oversubscribed		1.96 times
Lead Manager		Sarthi Capital Advisors Limited

For more details, contact:

Arindam Saha

Head - Corporate Communications

asaha@nse.co.in, cc@nse.co.in

Direct: 022 – 2659 8164

Twitter: @NSEIndia 

National Stock Exchange of India Limited (NSE)

Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai - 400051

Follow: @sarindam

www.nseindia.com

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