Last few hours to go for BSE IPO: Gains overwhelming responses

BSE's initial public offer, a domestic stock exchange in India, was over-subscribed 21.45 times on the last day of offering till 2.25 pm. The bourse will be raising up to Rs 1,243 crore. The IPO is closing on Wednesday, January 25.

At the same time, retail investors have given a good response as the retail portion was over-subscribed by 1.65 times. However, the qualified institutional buyer (QIB) and NII categories were also over-subscribed by 21.11 times and 68.11 times respectively, till the last day till 2.25 pm.

BSE IPO has received bids for 23,16,39,966 shares against the total issue size of 1,07,99,039 shares, according to the data available with the NSE till 1.30 pm. The stock exchange has given price band for the offer for sale at Rs 805-806 per share.

In the initial public offering share sale, almost 300 shareholders of BSE are selling 15.43 million shares. The IPO will constitute up to 28.26 per cent of the fully-diluted post offer issued share capital of BSE.

The application for BSE issue can be made for a minimum of 18 shares and in multiples of 18 thereafter. On January 20, the BSE had raised Rs 373 crore by allotting shares to anchor investors. BSE shares will be listed on NSE as Securities Exchanges Board of India (SEBI) rules do not allow self-listing for an exchange. Meanwhile, its rival NSE too filed the draft prospectus with SEBI last month for an IPO estimated at Rs 10,000 crore.