Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!


Wednesday, January 25, 2017

The IPO of Bombay Stock Exchange of India (BSE India) which closed for subscription today, got a welcoming response with the investors gifting an oversubscription to the issue to the tune of 51 times on an overall basis

BSE IPO was subscribed close to 48.64 times in the Qualified Institutional Bidders category (Excluding anchor investors portion).  The IPO got a rocketed response from the Non Institutional or the High Networth Individuals (HNI) category of investors which was oversubscribed to a staggering tune of 159.03 times the reserved portion

Response from the Retail Investors was also quite generous and the retail interest in the IPO had already been upbeat from the day of opening of the IPO. The retail category was oversubscribed around 6.47 times its reserved portion

Peculiar to the issue is that interestingly, BSE will be listed on the rival exchange NSE, due to SEBI’s regulations prohibiting exchanges from self-listing their stocks.

The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Kala Ghoda, Mumbai (formerly Bombay), Maharashtra, India. Established in 1875, the BSE is Asia’s first stock exchange. It claims to be the world's fastest stock exchange, with a median trade speed of 6 microseconds

The issue, which opened for subscription on January 23, aimed to raise up to Rs 1,243 crore from the IPO, which was priced at Rs 805-806 per share. SEBI had given its final go- ahead to the draft prospectus for the IPO on December 30.

The IPO of BSE would see some of its prominent shareholders exit the bourse. While more than 300 entities are selling their shares as part of the public issue, Singapore Exchange, Quantum (M) and Atticus Mauritius – among the top 10 shareholders – will completely exit the bourse

0 comments:

Post a Comment

Indian IPO Blog Feed Subscribers


Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy
Email: indianipoblog@gmail.com

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers