BSE Limited IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 23/01 - 25/01
Issue Size ₹1311.0 Cr
Issue Price ₹805 - 806
Market Lot 17 Shares
Shares on Offer 15,427,197
Registrar
GMP ₹122 - 124
Kostak ₹800
Subject to Sauda N/A
Listing Date 03-Feb
Listing Price ₹1085
Listing Gain% 34.62

About BSE Limited IPO

BSE Limited is the owner and operator of BSE Exchange (Bombay Stock Exchange), India's largest stock exchange by number of companies listed. The Bombay Stock Exchange was established in year 1875 as the first stock exchange in Asia. Today BSE has over 5000 companies listed on it, the highest in any exchange around the world. Worlds two leading global exchanges, Deutsche Bourse and Singapore Exchange are strategic partners of BSE.

BSE offers trading in Equity, Debt Instruments, Derivatives, Mutual Funds and SME Equity. The S&P BSE SENSEX is India's most widely tracked stock market benchmark index. BSE also offer services including risk management, clearing, settlement, market data services, IT services and solutions, licensing index products such as the S&P BSE SENSEX and financial & capital markets trainings.

Asia's oldest bourse BSE will launch its much-awaited Rs 1,500 crore initial public offering (IPO) on January 23.

The shares are expected to list on rival National Stock Exchange (NSE) on or around February 3.

The IPO, which would open on January 23, closes on January 25, according to Red Herring Prospectus (RHP) filed by BSE with markets regulator Sebi.

The public offer of BSE will see sale of 1.54 crore shares by the existing shareholders through the offer for sale (OFS) route. This works out to close to 30 percent of the total holding.

Among the existing shareholders are Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, Mauritius-based arms of American investor George Soros' Quantum Fund and foreign fund Atticus.

Sources said, the shares could be offered at a price of as high as Rs 500 each, giving the IPO a size of up to Rs 1,500 crore. Even at the lower end of the band, the IPO should be worth about Rs 1,200-1,300 crore, they added.

There are an estimated 9,000 shareholders in BSE, where originally mostly brokers held shares. However, a host of foreign investors and domestic financial institutions have acquired shares over the years and the IPO will provide some of them an exit opportunity to monetise their assets.

BSE -- earlier known as the Bombay Stock Exchange -- got in-principle approval from Sebi last year for the IPO. Shares of nearly 3,000 companies trade on its platform.

Capital market regulator Sebi, last month, gave its final go-ahead to BSE to launch its public issue.

Rival NSE had filed draft papers with Sebi last month for an estimated Rs 10,000 crore IPO.

The issue is being managed by Edelweiss Financial Services, Axis Capital, Jefferies India, Nomura Financial Advisory and Securities (India) Pvt, Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals.

Nishith Desai Associates is the legal advisor to the IPO while Karvy Computershare is the registrar.

Multi Commodity Exchange of India is the only listed bourse in the country.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 29,176.7 28,758.0 25,923.0 27,273.6 27,915.7
Total Revenue (In ₹ Millions) 5,158.9 4,391.8 3,328.3 3,389.1 4,028.0
Profit After Tax (PAT) (In ₹ Millions) 1,319.1 756.5 747.7 398.2 1,116.0

BSE Limited IPO IPO Reviews

  • Rating: 
  • Recommendation:
  • The BSE IPO listed at Rs.1085 with a listing gain of around 35%.
  • The BSE IPO is subscribed more than 85% on Day 1.
  • The GMP for BSE is above 100. We have kept a recommendation rating of 'Buy' for this IPO

Subscription Details

Date & Time QIB NII RII Total
Day 1 - Jan 23,2016 0.1653 0.1215 0.8591 0.5028
Day 2 - Jan 24,2016 0.2100 0.5700 2.7300 1.5500
Day 3 - Jan 25,2016 48.6395 159.0334 6.4800 51.2200

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

BSE Limited IPO IPO FAQs

  1. When will BSE Limited IPO IPO open?

    BSE Limited IPO IPO will open on 23/01 and close on 25/01.

  2. What is the listing date of BSE Limited IPO IPO?

    BSE Limited IPO IPO will list on 03-Feb.

  3. What is the offer price of BSE Limited IPO IPO?

    The offer price of BSE Limited IPO IPO is ₹805 - 806.

  4. What is the lot size of BSE Limited IPO IPO?

    The lot size of BSE Limited IPO IPO is 17.

  5. What is the Grey Market Premium (GMP) price of BSE Limited IPO IPO?

    The Grey Market Premium (GMP) price of BSE Limited IPO IPO is ₹122 - 124.

  6. What is the Kostak price of BSE Limited IPO IPO?

    The Kostak price of BSE Limited IPO IPO is ₹800.

  7. What is the Subject to Sauda price for BSE Limited IPO IPO?

    The Subject to Sauda price for BSE Limited IPO IPO is Not Available at the moment.

BSE Limited IPO IPO Review/Comments

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