Tuesday, February 7, 2017
BSE IPO - Basis of Allotment - Retail Investors
A. Allotment to Retail Individual investors (After Technical Rejections)Tha Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Offer Price of Rs 806 per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 6.118438 times. The total number of Equity Shares Allotted in Retail Portion is 5,399,519 Equity Shares to 299,973 successful Retail Individual Investors. The category-wise details of the Basis of Alotment are as under:
| Category | No. of applications received | % of total | Total no. of Equity Shares applied | % to tolal | No. of Equity 5hares Allotted per applicant | Ratio | Total no. of Equity Shares allotted |
| 18 | 967,705 | 85.50 | 17,418,690 | 52.73 | 18 | 216:815 | 4,616,478 |
| 36 | 58,340 | 5.15 | 2,100,240 | 6.36 | 18 | 97: 366 | 278,316 |
| 54 | 26,436 | 2.34 | 1,427,544 | 4.32 | 18 | 97: 366 | 126,105 |
| 72 | 12,126 | 1.07 | 873,072 | 2.64 | 18 | 97: 366 | 57,852 |
| 90 | 12,206 | 1.08 | 1,098,540 | 3.33 | 18 | 97: 366 | 58,230 |
| 108 | 10,080 | 0.89 | 1,088,640 | 3.30 | 18 | 97: 366 | 48,078 |
| 126 | 7,864 | 0.69 | 990,864 | 3.00 | 18 | 97: 366 | 37,512 |
| 144 | 2,310 | 0.20 | 332,640 | 1.01 | 18 | 97: 366 | 11,016 |
| 162 | 1,297 | 0.11 | 210,114 | 0.64 | 18 | 97:366 | 6,192 |
| 180 | 4,797 | 0.42 | 863,460 | 2.61 | 18 | 97: 366 | 22,878 |
| 198 | 1,342 | 0.12 | 265,716 | 0.80 | 18 | 97: 366 | 6,408 |
| 216 | 1,744 | 0.15 | 376,704 | 1.14 | 18 | 97: 366 | 8,316 |
| 234 | 25,600 | 2.26 | 5,990,400 | 18.13 | 18 | 97: 366 | 122,130 |
| Please refer to note below | 1 | 5:43502 | 5 | ||||
| TOTAL | 1,131,847 | 100.00 | 33,036,624 | 100.00 | 5,399,519 | ||
Note: Post drawal of lots, a total 5,399,514 Equity Shares were allotted out of the 5,399,519 Equity Shares available for the Retail Portion. Accordingly, 43,502 successful applicants from the categories 36-234 ( i.e. excluding successful applicants from Category 18) were allotted 5 Equity Shares in the radio of 5:43502.
Tuesday, January 31, 2017
BSE IPO Allotment Status expected on February 1, 2017
Monday, January 30, 2017
BSE IPO Allotment Status declared
BSE IPO Allotment Status is declared and can be checked from link given below:
Click here to check now
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Sunday, January 29, 2017
BSE IPO: Allotment Status of BSE IPO
BSE IPO Allotment Status is declared and can be checked from link given below:
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Tuesday, January 24, 2017
BSE IPO subscription status updated till Jan 24 (Day 2)
QIB subscription: 0.16 times
HNI subscription: 0.24 times
Retail subscription: 1.84 times
Overall subscription: 1.02 times
Update: BSE IPO subscribed more than 51 times. Please check http://www.indianipoblog.in for more
BSE IPO Retail portion oversubscribed on Day 2
BSE IPO has been fully subscribed on second day of its opening with the IPO getting subscribed 1.02 times on an overall basis till the end of Day 2
The IPO is subscribed 0.17 times in QIB category, 0.24 times in HNI and 1.83 times in the Retail category
BSE IPO is expected to be substantially oversubscribed on the final day specially in the retail category
BSE IPO subscription update: IPO fully subscribed
The IPO of BSE Limited which has opened for subscription from yesterday, has been subscribed fully as per data available on the NSE website
The IPO is subscribed 1.14 times till 2.30 PM as per data available on NSE website. Total bids received at cutoff prices were for around 89.37 lakhs
BSE IPO closes for subscription tomorrow on Jan 25, 2017
Monday, January 23, 2017
BSE IPO Bidding Subscription status - First day
QIB subscription: 0.16 times
HNI subscription: 0.12 times
Retail subscription: 0.84 times
Overall subscription: 0.49 times
Tuesday, January 17, 2017
BSE CEO says it's been 10 years since BSE trying to do IPO Listing
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"
Read more at:
http://economictimes.indiatimes.com/articleshow/56624250.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Monday, January 16, 2017
BSE IPO Updated Details - 16 Jan 2017
BSE IPO Latest updated details:
Basic IPO Info:
*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
Issue Size:
*INR 1243.43 Crs at Upper Band* &
INR 1241.89 Crs at Lower Band
Issue Split:
*QIB 50% - 621.72 Crs at upper band
*HNI 15% - 186.51 Crs at upper band
*Retail 35% - 435.20 Crs at upper band
Indicative Post Issue Timeline:
*Finalization of Basis of Allotment: On or about 31-Jan-2017
*Unblocking of Funds: On or about 01-Feb-2017
*Credit of Shares to Demat A/C to allottees : On or about 02-Feb-2017
*Commencement of Trading (Listing): 03-Feb-2017
Saturday, January 14, 2017
BSE IPO schedule - Opening Dates Allotment Listing Likely Schedule
BSE IPO – Dates and Schedule (Tentative)
20th Jan – Opens for Anchor Investors
23rd Jan – Offer Opens
25th Jan – Offer Closes
31st Jan – Basis of Allotment Finalization
01st Feb – Unblocking of ASBA
02nd Feb – Credit to Demat Accounts
03rd Feb – Listing on NSE
BSE IPO: BSE shares to list on NSE
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
Among the existing shareholders are 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.
One of the interesting aspects of BSE IPO is that this would be the first time that the equity shares of a stock exchange would be listed and traded on another rival stock exchange which is NSE
Stay tuned for more on the BSE IPO!
Monday, January 9, 2017
BSE IPO ¦ Bombay Stock Exchange IPO Download Draft Red Herring Prospectus (DRHP)
Click here to download Draft Red Herring Prospectus (DRHP) for the upcoming IPO of BSE
The Bombay Stock Exchange was established in year 1875 as the first stock exchange in Asia. Today BSE has over 5000 companies listed on it, the highest in any exchange around the world. Worlds two leading global exchanges, Deutsche Bourse and Singapore Exchange are strategic partners of BSE.
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.
BSE IPO Price Band and Bid Lot
The price band for the upcoming IPO of BSE India is fixed at Rs.805 to Rs.806 per equity share
BSE IPO would open for subscription from January 23, 2017 and would be most likely be the debutant IPO for the new year 2017
Stay tuned to Indian IPO Blog for more updates on BSE IPO
Bombay Stock Exchange BSE IPO Details
IPO opens on: 23-Jan-2017
IPO closes on: 25-Jan-2017
Price Band: Rs.805 to Rs.806 per equity share
Bid Lot: 18 Equity Shares
Minimum Application Amount: Rs.14,508/-
Sunday, January 8, 2017
BSE in legal tussles ahead of the IPO
Bombay Stock Exchange - BSE, which is planning to come up with an IPO shortly, is finding itself in legal muds with two legal complications in front of it
On one hand, a contempt of court petition is filed in the high court by a Mumbai resident calling out irregularities in the BSE building, on the other hand, a legal notice has challenged the very launch of the initial public offering for BSE
The petition claims that the action for irregularities in the building of BSE has not been effectively materialized so as to let the IPO to sail through.
On the other hand, the legal notice against the IPO says the exchange cannot be allowed to go ahead with the public offer since the 2005 notification that cleared the IPO allowed two years at the most for it to be launched.
BSE has been asked not to proceed with the IPO in the current form and the notice warns it of legal proceedings if it fails to reply to the same
Friday, January 6, 2017
BSE IPO Opening Date
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
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