CWD Limited becomesTwelfth Company to get listed on BSE Startups Platform

CWD Limited becomesTwelfth Company to get listed on BSE Startups Platform

BSE became the first stock exchange to get the approval from SEBI and launch its Startups platform on 22nd December, 2018.

CWD Limited became 12thcompany to get listed on the BSE Startup Platform on October 13, 2021. CWD Limited came out with an initial public offering of10,00,800Equity Shares of 10/- Each (“Equity Shares”) For Cash At a Price Of 180/- Per Equity Share (The “Offer Price”), Aggregating to 18.01 Cr.The company has successfully completed its public issue on October 05, 2021.

CWD Limitedis a Maharashtra based company whose registered office is at Mumbai. Company is engaged in business of Information and Communication Technology (ICT) that designs, develops, manufactures, and sells integrated solutions. Company developed products are focused on wireless technologies either on short-range radio technology like NFC, Bluetooth BLE, WiFi, Zigbee; mid-range systems like LORA or long-range communication systems like 5G LTE, NB-IOT, LTE CAT .

Mumbai based Aryaman Financial Services Limited was the lead manager for CWD Limited.

The 11 companies listed on BSE Startups Platform have raised 38.62 crores from the market and total market capitalization of these companies as on October 12, 2021 is 150.57 Crores. BSE is the market leader in this segment with a market share of 100 percent.

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market.