EDII Incubated Start up Gets Listed on BSE Start-up Board after Getting Oversubscribed by 1.5 Times

New Delhi: The Centre for Advancing and Launching Enterprises (CrAdLE) of the Entrepreneurship Development Institute of India (EDII) incubated Naapbooks Limited got listed on the BSE Start-up platform. The company is one of Gujarat’s early movers to accomplish this milestone.


After being oversubscribed, Naapbooks Limited, founded by Ashish Jain, Abhishek Jain, and Yaman Saluja was launched on the BSE Start-up Board. In this regard, a bell-ringing ceremony was held on 15 September 2021, graced by the presence of Hon’ble Shri Ranjeeth Kumar J. IAS, Commissioner, Micro Small and Medium Enterprises, Gujarat, as Chief Guest; Mr. Ajay Thakur, Head, BSE SME Start-ups, as a Guest of Honour; Dr. Sunil Shukla, Director General, EDII, and CA Vikas Jain, Partner, VCAN & Co.


Shri Ranjeeth Kumar complimented Naapbooks team and threw light on the enabling ecosystem of Gujarat facilitating growth of start-ups. He explained, “The Department of MSME, Gujarat proactively assists the growth of start-ups right from the idea generation stage. There are several schemes and policies that help start-ups address the challenges they face. Gujarat is fortunate to have one of the best start-up ecosystems in India. It is a proud moment for Gujarat that one of its start-ups has got listed in BSE. We have a subsidy scheme of 5lacs for listed IPOs.”


Shri Ajay Thakur said “Entrepreneurship encompasses major challenges, and showing courage and drive to get listed is in itself an achievement. It’s fantastic to see such a young company get listed on the BSE and file for an IPO. I hope many more start-ups get inspired. BSE is the first stock exchange to start a start-up platform.” Shri Thakur appreciated EDII for nurturing young minds and making them successful entrepreneurs. The Guest of Honour also complimented Gujarat for introducing a subsidy scheme for listed IPOs.


Dr. Sunil Shukla expressed how heartening it was to see one of the Institute’s start-ups getting listed on BSE. Dr. Shukla elaborated on EDII’s role in imparting an entrepreneurial routing to the country by orienting youths towards pursuit of entrepreneurship as a career. “It is overwhelming to see one of our start-ups come this far. So many of our trainees are into successful businesses and have received good funding support. I am sure very soon many others will also follow suit.”


Naapbook co-promoter, Mr. Ashish Jain, thanked EDII for nurturing their idea and extending constant support, guidance and mentoring. We are proud to be the first incubated start up from not just Gujarat but also India to get listed and raise money from the capital market.