BSE witnessed Equity Shares of an Udaipur based company listed on the BSE SME Trading platform on Sept 6.

Shiva Granito Exports Ltd, which came up with an IPO of 42,00,000 shares priced at Rs 12/- each, on a face value of Rs. 10/- per Equity Share.  Shiva raised Rs 5 Crore in the IPO.

Shiva Granito Export LTD is a premier exporter of all kind of Marble and Granites to all major parts of the world. It played a role of dominant player in the market for more than a decade.

The company started as partnership firm in the year 2007 as importer and exporter of all kind of decorative stones, minerals, chemicals. Later it decided to extend its operation by entering into manufacturing of the engineered quartz stone slabs, different grades of resins and quartz stone powder and manufacture & dealing of God & Goddess Statues/deities.

The company was originally formed and registered as a partnership firm under the Partnership Act, 1932 in the name and style of ‘Shiva Export Co’ pursuant to a deed of partnership dated July 16, 2007. The constitution and capital of the partnership firm were changed several times pursuant to supplementary agreement modifying the partnership deeds dated October 11, 2008, April 1, 2015 and November 3, 2015. M/s Shiva Export Co. was thereafter converted from a partnership firm to a public limited company under Part I chapter XXI of the Companies Act, 2013 with the name of Shiva Granito Export Limitedand received a fresh certificate of incorporation from the Registrar of Companies, Jaipur, Rajasthan on December 31, 2015. The registered office of the company is situated at 8, Bhatt Ji Ki Baari, Udaipur in Rajasthan.

Spread over 4.1 bighas, the company’s manufacturing facility located at Vana Village in Udaipur District, Rajasthan. At present the company has manufacturing plant for engineered quartz stone slabs, different grade of resins, quartz powder and God & Goddess Statues/ Deities.

The company’s diverse range of quartz slabs are capable to withstand extreme conditions and is made available in assorted sizes and specifications for catering to the special needs of the company’s clients. Maintaining a diverse portfolio in the business provides the company with an opportunity to cater to diverse needs of different customer segment.

The company stress on and constantly strive to maintain and improve the quality of its products. This focus is reflected in the standard of the company’s quality systems which have been certified by QVC. The company has provided galaxy, fine premium, rustic, metallic and wooden series into the market. This enables it to compete with greater efficiency against the marble industry which hitherto was considered the only producer of the larger slabs, which is perceived to have greater aesthetic appeal. The company has thus produced a wide range of colours, designs and size variations of slabs and it will continue to do so in the future.

“Trading Members of the Exchange are hereby informed that effective from Tuesday, September 06, 2016, the Equity Shares of Shiva Granito Export Limited shall be listed and admitted to dealings on the SME Platform of Exchange in the list of ‘M’ Group of Securities,” BSE said in a statement.

Source Courtesy: KNN, Live Mint