Indian IPO Blog

Friday, January 6, 2017

BSE IPO Opening Date

January 06, 2017
BSE IPO Opening Date
The IPO of Bombay Stock Exchange (BSE) of India is likely to open in the fourth week of January 2017. The market regulator Securities and Exchange Board of India (SEBI) had approved stock exchange BSE’s initial public offer (IPO) of 1,54,27,197 shares of face value of Rs.2/- each

As of June 30, 2016, the BSE had 1,440 unique members across all segments and in FY2016 the BSE accepted an average of 284.92 million orders and 1.55 million trades in equity shares per trading day, placing it as the 12th most active exchange in the world in terms of electronic book trades in equity shares

An extraordinary and rather interesting aspect of this listing, whenever materialized, would be that BSE is itself an exchange and listing of BSE on itself would be an issue. In this regard, SEBI said an exchange cannot be listed on itself, which means if the BSE were to go public, it has to do so on the NSE or another exchange and vice versa

History of Bombay Stock Exchange (BSE) of India

January 06, 2017
History of Bombay Stock Exchange (BSE) of India

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.

Here's a look at the history of this landmark stock exchange of Asia:


Oldest stock exchange in Asia
The Bombay Stock Exchange is the oldest exchange in Asia. Its history dates back to 1855, when five stockbrokers would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times to accommodate an increasing number of brokers. The group eventually moved to Dalal Street in 1874 and became an official organization known as "The Native Share & Stock Brokers Association" in 1875.

Founded by 'Bullion King'
Bombay Stock Exchange founded by Premchand Roychand, one of the most influential businessmen in 19th-century Bombay. A man who made a fortune in the stockbroking business and came to be known as the Cotton King, the Bullion King or the Big Bull. He was the founder of the Native Share and Stock Brokers Association.

'SENSEX' developed
On August 31, 1957, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. In 1980, the exchange moved to the Phiroze Jeejeebhoy Towers at Dalal Street, Fort area. In 1986, it developed the BSE SENSEX index, giving the BSE a means to measure the overall performance of the exchange. In 2000, the BSE used this index to open its derivatives market, trading SENSEX futures contracts. The development of SENSEX options along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform.

Modern Electronic Trading System
Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system developed by CMC Ltd. in 1995. It took the exchange only 50 days to make this transition.

Today, this automated, screen-based trading platform called BSE On-Line Trading (BOLT) had a capacity of 8 million orders per day. The BSE has also introduced a centralized exchange-based internet trading system, BSEWEBx.co.in to enable investors anywhere in the world to trade on the BSE platform

The BSE is the world's 11th largest stock exchange with an overall market capitalization of $1.43 Trillion as of March, 2016. More than 5500 companies are publicly listed on the BSE

BSE SENSEX Performance and Journey over the years

January 06, 2017
BSE SENSEX Performance and Journey over the years

The Bombay Stock Exchange index SENSEX has seen ups and downs, rallies and rumbling, sky rocketing and shocks alike

Here's presenting a journey of the beloved index over the years:

*1979* - Sensex = *100*,

*1981* - Sensex = *173*,

*1983* - Indian Cricket Team winning World Cup. Sensex = *212*,

*1984* - *Indira Gandhi* shot dead & Bhopal Gas tragedy. Sensex = *245*,

*1989* - *Hung Parliament* with Congress outside support. Sensex = *714*,

*1991* - *Rajiv Gandhi* assassination. Sensex = *1168*,

*1992* - Indian Economy opening up. *Dream budget* by MMS. Harshad Mehta *Scam*. Sensex = *4285*,

*1993* - Blast in Mumbai. Also at BSE buidling. *Riots all over*. Sensex = *2281*,

*1996* - Indian stock market goes digital with NSE's new trading platform. Sensex = *3367*,

*1999* - NDA coming to power with *Atal Bihari Vajpayee* as PM. Sensex = *3740*,

*2000* - Technology boom. Sensex = *5001*,

*2001* - Gujarat *earthquake*. Sensex = *3640*,

*2003* - Big bull run start in Dalal Street. Sensex = *3049*,

*2004* - UPA coming to power with Left party support. Sensex = *5591*,

*2006* - Sensex conquering = *10000*,

*2007* - Sensex conquering = *20000*,

*2008* - Sensex falling after touching *high* of *21200*,
Crude oil rising upto $ 147.

*2009* - Sub-prime crisis in *USA* bring *financial instability* worldwide. Sensex = *9568*,

*2010* - Satyam *scam*, Common wealth scam, Telecom scam. Sensex = *17590*,

*2013* - Young Raghu Ram Rajan appointed RBI governor. Sensex = *18835*,

*2014* - *BJP* alone conquering *283 seats* in Lok Sabha and NDA coming to power with 330 seats. Sensex = *25000*.

(March Closing Sensex quotes for all above 👆)

*04/03/2015* - Sensex = Life Time *High* *30025*..!

*28/10/2016* - Sensex = *27958*.

*28/12/2016* - Sensex = *26210*.

It is evident that although the stock composition may have changed, despite ups and downs,  SENSEX has grown 300 times over last 37 years overcoming the downsides and roller coaster rides each time and moving on to new heights

Be a Systematic & Disciplined Investor.

Save Wisely, Invest Smartly!

Wednesday, January 4, 2017

Indian IPO Blog Facebook page crosses 500 likes! Thank you for your support

January 04, 2017
Indian IPO Blog Facebook page crosses 500 likes! Thank you for your support

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Bombay Stock Exchange gets IPO approval from SEBI

January 04, 2017
Bombay Stock Exchange gets IPO approval from SEBI
Bombay Stock Exchange has secured approval from market regulator SEBI for its proposed IPO.  The exchange is set to raise close to Rs. 1500 crores through the offer

BSE IPO will see sale of 2,99,55,434 shares by the existing shareholders (Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, Mauritius-based arms of American investor George Soros' Quantum Fund and foreign fund Atticus.

An extraordinary and rather interesting aspect of this listing, whenever materialized, would be that BSE is itself an exchange and listing of BSE on itself would be an issue. In this regard, SEBI said an exchange cannot be listed on itself, which means if the BSE were to go public, it has to do so on the NSE or another exchange and vice versa

Tuesday, January 3, 2017

SREI Equipment Finance NCD All Details Investor presentation

January 03, 2017
SREI Equipment Finance NCD All Details Investor presentation

SREI Equipment Finance NCD opens from Jan 3

January 03, 2017
SREI Equipment Finance NCD opens from Jan 3

Srei Equipment Finance is coming up with a NCD issue which would be open for subscription between Jan 3 and Jan 20, both days inclusive

These debt instruments has maturity periods of 400 days, 3 years and 5 years and interest payment options are cumulative, monthly or yearly as per the choice of investors. The coupon rates are ranging from 8.90 per cent to 9.75 per cent. For cumulative scheme, for 400 days under cumulative scheme it offers premium of Rs. 95-97, for 3 years Rs. 305-315 and for 5 years Rs. 575-593 per NCD on maturity depending on category of investors

Srei Equipment Finance Limited (“SEFL”) is one of India’s leading non-banking financial company in the organized equipments financing sector with a principal focus on financing infrastructure equipment.

It is registered with RBI as a non-deposit taking systemically important, non-banking  financial company (“NBFC-ND-SI”). It is classified as “Assets Finance Company” (AFC) within the meaning of NBFC.

It provides financial products and services to companies operating in the construction, mining, technology and solutions, healthcare, ports and railways, oil and gas, agriculture and transportation sectors. Financial products and services offered by SEFL comprise loans, leases, rentals and fee-based services.