22 January 2017

BSE's much-awaited domestic IPO opens for subscription on 23 January


The IPO opens on January 23 and closes on January 25. The stock exchange aims to raise up to Rs 1,243 crore from the IPO, which is priced at Rs 805-806 per share.

The BSE shareholders will offer for sale up to 15,427,197 shares, representing 27.43 per cent of BSE’s pre-sale capital.

BSE has enlisted the services of Edelweiss Financial Services Ltd, Axis Capital Ltd, Jefferies India Pvt Ltd, Nomura Financial Advisory and Securities (India) Pvt Ltd as merchant bankers.

The stock exchange aims to raise up to Rs 1,243 crore from the IPO, which is priced at Rs 805-806 per share & issue can be made for a minimum of 18 shares and in multiples of 18 thereafter.

The shares will be listed on the NSE as SEBI does not allow self-listing of the shares.

BSE is the largest exchange in terms number of companies listed on it (more than 5,500) and the 11th largest in the world by market cap. Established in 1875, BSE is Asia’s oldest stock exchange.

BSE is the world's largest exchange by number of listed companies. It is India's largest and the world's 10th largest exchange by market capitalisation. The market capitalisation of BSE-listed companies stands at Rs 1,10,23,189 crore.