BSE's Startup platform opens with listings of Alphalogic and Transpact

The Bombay Stock Exchange Ltd (BSE Ltd) on Thursday announced the opening of its Startups platform with the listing of Alphalogic Techsys and Transpact Enterprises, the first companies to get listed on the new platform. 

BSE also became the first stock exchange in the country to get approval from market regulator Sebi for launching a Startups platform in December 2018.
Alphalogic Techsys is a technology services and technology solutions company serving clients in healthcare, software, e-commerce, fintech, social networking and other industries while Transpact Enterprises is a medtech start-up with focus on providing innovative, cost-effective and comprehensive solutions and products with strategic partnerships and collaborative relationships to help specially-abled people to transcend their barriers.
Pune-based Alphalogic Techsys came out with an initial public offer of 7.36 lakh shares of Rs10 each for cash at a price of Rs84, aggregating to Rs6.18 crore. Shares of Alphalogic closed at Rs84.35 against the issue price of Rs84 with 21,000 shares changing hands. The market lot for the stock is 1,600 shares. The stock moved around a Rs82-84 range during the day.
Mumbai-base Transpact Enterprises came out with an initial public offer of 1.04 lakh shares at a price of ?130 a share, aggregating to ?1.35 crore. Shares of Transpact Enterprises closed at Rs131 against the issue price of Rs130 with a trading volume of 6,000 shares. The market lot for Transpact Enterprises is 1,000 shares. The stock opened at Rs132.5 and settled at the day’s low.
The total market capitalisation of these companies as of 5 September stood at Rs28.33 crore. 
BSE launched the start-up listing platform in December 2018 to enable deserving start-ups to raise capital from the market.
Companies seeking listing on the BSE Startups platform should be in the business of IT, ITES, bio-technology and life sciences, 3D printing, space technology, e-commerce, hi-tech defence, drones, nano technologies, artificial intelligence, big data, enhanced/virtual reality, e-gaming, exoskeleton, robotics, holographic technology, genetic engineering and other high-technologies.
For listing on the BSE start-up platform, the start-up should be registered with MSME/DIPP or have a minimum paid-up capital of Rs1 crore.
The company should have been operational for a minimum of two years before the date of filing and should have a positive net worth among other financial criteria. The post issue paid-up capital of the company (face value) shall not be more than Rs25 crore.