Analysis and Insights into the world of IPOs and investing in India

Monday, January 9, 2017

BSE IPO - Objects to the issue

Bombay Stock Exchange is launching its Initial Public Offering which would open for subscription from Jan 23, 2017

The price band and bid lot for the IPO is already fixed and the IPO is ready to go live

The objects of the offer (OFS) are:
1. To achieve the benefits of listing the equity shares on NSE and
2. For the sale of equity shares by the selling shareholders.

The company will not receive any proceeds of the offer and all the proceeds of the offer will go to the selling shareholders in the proportion of the equity shares offered by them.

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