BSE gets Sebi approval for IPO

A sparkling buidling of stock exchange
Sebi clears BSE IPO

BSE has got clearance for its long-awaited initial public offering (IPO) from the Securities and Exchange Board of India (Sebi).

There is currently a unique and attractive pre-IPO investment opportunity available in shares of BSE. The recent market buoyancy has triggered an IPO boom. Companies with good fundamentals are seeing huge oversubscription, leaving investors with nil or low allotment. For assured allotment of required quantity at attractive price and more details and updates, please call on 08108234400 or email on buysellunlistedshares@gmail.com or visit buysellunlistedshares.com

Reports indicated that the BSE would issue shares at Rs 1,000 per share, giving the IPO a size of up to Rs 1,500 crore. The IPO is likely to be launched as early as this month. Earlier, in November 2016, BSE had consolidated its share capital, whereby face value of each share was increased from Re 1 to Rs 2.

BSE had filed a draft prospectus for the IPO with Sebi in September 2016, seeking to list its shares on larger rival National Stock Exchange (NSE).

Established in 1875, BSE (earlier known as Bombay Stock Exchang) is Asia’s oldest stock exchange. Currently, Multi Commodity Exchange of India (MCX) is the only listed exchange in the country.

The year 2016 saw 26 companies raise Rs 26,493.8 crore through the IPO route, according to data from primary market tracker Prime Database, while in 2015, 21 companies raised Rs 13,614.08 crore.

Source:
http://www.business-standard.com/article/pti-stories/bse-gets-sebi-go-ahead-to-launch-ipo-may-raise-rs-1-500-cr-117010300477_1.html
http://www.thehindubusinessline.com/markets/stock-markets/bse-gets-sebi-nod-for-ipo/article9456897.ece

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