The Bombay Stock Exchange (BSE) will hit the capital market today, 23 Jan 2017, with its much awaited IPO offer to raise up Rs. 1,234 crore, and the issue will close on Jan 25. The issue volume is expected to be close to Rs 1,200 crore, based on the percentage of shares tendered during the offer for sale. The BSE aims to lift up to Rs 1,243 crore from the IPO, which is priced at Rs 805 – 806 per share. The IPO of 15,427,197 shares of face value of Rs 2 each will constitute up to 28.26% of the fully-diluted post offer issued share capital of BSE. Besides, BSE on 21 January, raised Rs 373 crore by allotting shares to anchor investors.
The issue is being administered by Axis Capital, Edelweiss Financial Services, Jefferies India, Nomura Financial Advisory and Securities of India, Motilal Oswal Investment Advisors, SMC Capitals and SBI Capital Markets..
On the other side, National Stock Exchange (NSE) has also filed draft papers with the market regulator SEBI last month for an estimated Rs 10,000 crore IPO.
BSE is the largest exchange globally by number of listed companies and there are an estimated 9,000 shareholders in the exchange. BSE is India’s largest and the world’s 10th largest exchange by market capitalization. The market capitalization of BSE-listed companies holds at Rs 1,10,23,189 crore.