On your mark, get set, go: ready for big bourse BSE listing?
DSIJ Intelligence / 03 Feb 2017
Asia's largest stock exchange, BSE is to be listed on NSE on Friday and is one of the first few companies to be listed in the current calendar year. The stock exchange had set the price band for the Offer for Sale at Rs 805-806 per share.
Asia's largest stock exchange, BSE is to be listed on NSE on Friday and is one of the first few companies to be listed in the current calendar year. The stock exchange had set the price band for the Offer for Sale at Rs 805-806 per share. What investors will be keenly watching out would be whether BSE lists at a premium or at a discount.
The BSE’s initial public offer (IPO) was oversubscribed 51.15 times on the last day of offering. The bourse has raised about Rs 1,243 crore. The retail investors have given a good response as the retail portion was oversubscribed by 6.3 times. However, the qualified institutional buyer (QIB) and NII categories were oversubscribed by 48.64 times and 159.03 times, respectively, at the close of the last day.
BSE shares will be listed on the NSE as Securities Exchanges Board of India (SEBI) rules do not allow self-listing for an exchange. Meanwhile, its rival NSE too has filed the draft prospectus with SEBI last month for an IPO, the size of which is estimated at Rs 10,000 crore.
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