Net Pix Shorts Digital Media Limited got listed on the Bombay Stock Exchange (BSE) Startups Platform on December 2, 2020 and became the seventh company to get listed on the stock exchange platform. On December 22, 2018, BSE became the first stock exchange to get approval from the Securities and Exchange Board of India (SEBI) to launch its startup platform. The Net Pix Shorts Digital Media Limited came out with an initial public offering (IPO) of 900,000 equity shares of Rs.10/ each for cash at a price of Rs. 30/ per equity share as the offer price, aggregating to Rs. 270 lakh.
The company successfully completed its public issue on November 23, 2020. Net Pix Shorts Digital Media Limited is based in Maharashtra and its registered office is in Mumbai. It is a technology-based entertainment firm operating in the niche segment of online short films. It publishes content on various digital online portals as well as OTT platforms. Mumbai-based Aryaman Financial Services Ltd. was the lead manager for Net Pix Shorts Digital Media Limited. The company was incorporated in 2019.
The six companies listed on the BSE startups platform have raised Rs. 26.8 crore from the market and the total market capitalization of these companies as of December 2, 2020 is Rs 79.20 crore. BSE is the market leader in the segment and has a market share of 100 per cent.
Meanwhile, Lucknow Municipal Corporation (LMC) bonds worth Rs 200 crore were listed on the BSE in Mumbai today. Lucknow has now become the ninth city in the country to have raised municipal bonds, which has been incentivized by the Ministry of Housing and Urban Affairs under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). The bonds issue will make sure that LMC will get Rs 26 crore to subsidise its interest burden. The upfront incentive amount equates to reducing the interest burden by 2 per cent on the municipal corporation.