IPO Price Band ₹424 - ₹432
Mumbai: BSE Ltd, Asia’s oldest stock exchange, on Monday said that it will sell shares in its initial public offering (IPO) in a price band of Rs805-806 per share.
Last week, Mint reported that BSE was looking at pricing its shares between Rs800 and Rs850 per share.
At the upper end of the price band, the BSE IPO will see investors in the exchange sell shares worth Rs1,243.4 crore (approximately $183 million).
The BSE issue size is estimated to be Rs1,200-1,300 crore, Mint reported in September. The exchange had filed its draft red herring prospectus (DRHP) the same month.
The IPO will open on 23 January, BSE said. The issue closes on 25 January. Shares will be allotted to anchor investors on 20 January. Anchor investors are institutional investors to whom shares are allotted on a discretionary basis a day prior to the public launch of the offer, as part of anchor book allocation.
On 3 January, market regulator Securities and Exchange Board of India, or Sebi, approved BSE’s IPO, thus giving it the go-ahead to launch the share sale.
BSE’s larger rival, National Stock Exchange of India Ltd (NSE), too has filed its DRHP with the regulator. Existing investors of NSE are looking to dilute 22.5% stake through the IPO, which could be as large as Rs10,000 crore.
Courtesy: See More @ http://bit.ly/2wP1x48
Last week, Mint reported that BSE was looking at pricing its shares between Rs800 and Rs850 per share.
At the upper end of the price band, the BSE IPO will see investors in the exchange sell shares worth Rs1,243.4 crore (approximately $183 million).
The BSE issue size is estimated to be Rs1,200-1,300 crore, Mint reported in September. The exchange had filed its draft red herring prospectus (DRHP) the same month.
The IPO will open on 23 January, BSE said. The issue closes on 25 January. Shares will be allotted to anchor investors on 20 January. Anchor investors are institutional investors to whom shares are allotted on a discretionary basis a day prior to the public launch of the offer, as part of anchor book allocation.
On 3 January, market regulator Securities and Exchange Board of India, or Sebi, approved BSE’s IPO, thus giving it the go-ahead to launch the share sale.
BSE’s larger rival, National Stock Exchange of India Ltd (NSE), too has filed its DRHP with the regulator. Existing investors of NSE are looking to dilute 22.5% stake through the IPO, which could be as large as Rs10,000 crore.
Courtesy: See More @ http://bit.ly/2wP1x48
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