BSE IPO Research Report - Indian IPO Blog

Wednesday, January 18, 2017

BSE IPO Research Report

Indian IPO Blog Team is pleased to announce that we would now also feature research reports and recommendations on upcoming IPOs in the Indian primary markets. The reports would be made available initially to members of Whatsapp group of Indian IPO Blog exclusively ( Click here to join the Whatsapp group now!) 

BSE IPO: INDIAN IPO BLOG Research Report (Excerpts)

IPO Calendar and Details
  • IPO opens on: 23-Jan-2017
  • IPO closes on: 25-Jan-2017
  • Price Band: INR 805 to INR 806
  • Bid Lot: 18 Equity Shares & in multiple thereafter
  • Listing on: NSE only

BSE IPO - Issue Size & Split:
  • INR 1243.43 Crs at Upper Band* &
  • INR 1241.89 Crs at Lower Band
  • QIB - 50% - 621.72 Crs at upper band
  • HNI - 15% - 186.51 Crs at upper band
  • Retail - 35% - 435.20 Crs at upper band

BSE IPO - Company Background:
  • The Bombay Stock Exchange, now BSE Ltd., formed in 1875, is the oldest bourse in Asia.
  • BSE is the India's largest and the world's 10th largest exchange by listed market capitalisation
  • Currently Trading Members and Brokers hold 43.56% of shares, FPIs hold 29.77%, DIIs (ins cos) hold around 4.68%, NRIs hold 2.45% and the rest is with the public

BSE IPO - Revenues & Profitability:
  • In FY16, 64.8% of total revenue came from operations, 28.8% from investments and deposits and other income was 6.4%.
  • Contribution of Treasury Income has fallen from 8% to 6% of total revenue.
  • Services to Corporates has increased from Rs.76 cr in FY12 to Rs.161 cr in FY16.
  • EBITDA margin has increased from 45.7% in FY16 to 50.4% in H1FY17
  • EPS for the year 2015-16 stands at Rs.24.20 
  • Book Value as on March 31 2016: Rs.448.20 (Consolidated) 

Key Strengths of BSE IPO:
  • The Indian market is grossly underpenetrated with only 2.5% of the population holding Demat account
  • BSE enjoys a strong relationship with market participants and finds it easy to generate market linked as well as non-market linked revenues.
Detailed research report along with recommendation and analysis is available exclusively to members of Indian IPO Blog Whatsapp Group by Jan 22, 2017

 Click here to directly join the Whatsapp group now!

Alternatively, you may also simply send in your name and city to +91 7977614821 to join the group

(Membership of whatsapp group is free for first 500 members!)

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