BSE CEO says it's been 10 years since BSE trying to do IPO Listing - Indian IPO Blog

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Tuesday, January 17, 2017

BSE CEO says it's been 10 years since BSE trying to do IPO Listing

Ashish Kumar Chauhan, MD & CEO of BSE, in a recent chat with ET Now, calls it an eventful journey for the Bombay Stock Exchange. "In fact it is almost 10 years since BSE was demutualised so 2007 since then BSE has been trying to do the listing and now hopefully we are closer to it one more step"

When asked about the rather conservative pricing of the proposed IPO, his response was "Basically the pricing is something which the investment bankers decide after talking to all the potential investors in India and abroad and that book building is where basically the pricing comes out of it so whatever they have recommended is what the board of BSE and also the selling shareholders seem to have accepted"

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The country's first IPO by a stock exchange is all set to open for subscription from Jan 23, 2017 Bombay Stock Exchange, the oldest stock exchange on the continent, is coming up with an Initial Public Offer (IPO) to raise close to Rs.1500 Crores

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