BSE’s initial public offering (IPO) will open on 23 January and close on 25 January 2017. The IPO is highly likely to priced near Rs 850 per share. The shares are expected to be listed on rival National Stock Exchange (NSE) on or around February 3.
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The IPO will be an offer for sale (OFS) wherein a total of 262 existing shareholders will offload up to 2.99 crore shares, estimated at Rs 1200-1300 crore.
BSE earlier known as the Bombay Stock Exchange is Asia’s oldest bourse and India’s second-biggest exchange.