In an interesting development for the start-up world, a med-tech start-up – Transpact Enterprises Ltd has become the first-ever start-up to list on the newly launched Bombay Stock Exchange (BSE) Start-up Platform for IPO (Initial Public Offering) investments. It has created a buzz as it is an R&D (Research and Development) product incubated at an academic institute. Transpact Enterprises Ltd. is incubated at the Indian Institute of Technology (IIT) Bombay’s – Society for Innovation and Entrepreneurship (SINE).

After this new platform of IPO was opened for start-ups in India to encourage young entrepreneurs, Transpact Enterprises Ltd. has become the first start-up to be listed on BSE. It opened IPO on August 26 at an issue size of 104,000 equity shares of Rs 10 each for cash at a fixed price of Rs 130 per equity share and was fully subscribed in just three days to be ready to be listed on stock markets.