BSE has fixed a price band of Rs 805-806 per share for its initial public offering (IPO). The IPO will open on 23 January and close on 25 January 2017. The shares are expected to be listed on rival National Stock Exchange (NSE) on or around February 3.
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.
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Asia’s oldest stock exchange owners’ IPO will see some of BSE’s shareholders selling a total of 1.54 crore shares and will value the stock exchange at Rs 4400 crore at the top end of the price range. The IPO size at the top end of the price range is estimated to be at Rs 1241 crore.
Bombay Stock Exchange (BSE) was established in the year 1875 as the first stock exchange in Asia. BSE has over 5,000 companies listed on it, the highest in any exchange around the world.