Friday, 20 January 2017

BSE ( i.e BOMBAY STOCK EXCHANGE) – IPO TO SUBSCRIBE



BSE (formely known as Bombay Stock Exchange) with its inception since 1875, is one of the largest and oldest stock exchange in India. It Ranks among the top 15 stock exchanges of the World. BSE has around 5911 companies listed on the platform with Market Capitalization of Rs. 1.11 crs till date. BSE is selling around 15.4 million shares through an IPO of equity shares, with a face value of Rs. 2 each. BSE with strong Management on Board , strategic investors such as Singapore exchange and Deutsche Brouse, New launches such as BSE star Mf Platform and Setting up of International Exchange at GIFT City along with potential market penetration and ability to embrace new technological developments is a good IPO to subscribe from long term perspective at a Price Band of Rs. 805-806/shr.
New Major Developments:

BSE Star MF Platform – for trading of Mutual funds online                                         (clicktoview)- http://www.bseindia.com/Static/Markets/MutualFunds/BSEStarMF.aspx?expandable=1)

India International Exchange at GIFT City in Gandhinagar - Through the new international exchange, BSE Ltd will look to provide electronic trading platform that will facilitate domestic companies to raise capital in foreign currency by issuing foreign currency dominated bonds and to trade in such securities. Trading started from 16th Jan, 2017.

Financial Highlights: Consolidated Data        
                                                                                         (Amt in Millions)
Particular
June 2016
March 2016
March 2015
March 2014
Total Income
1783
6582.7
6247.5
5298.2
PAT
414
1225.3
1297.4
1351.9
Networth
24906.8
24492.8
24608.9
23707.7

BSE IPO Details:


Objective of IPO – To provide exit opportunity to existing shareholders and take benefit of listing on NSE (I.e National Stock Exchange)
Issue Open: Jan 23, 2017 - Jan 25, 2017
Issue Type: Book Built Issue IPO
Issue Size: 15,427,197 Equity Shares of Rs 2 aggregating up to Rs 1,243.43 Cr
Face Value: Rs 2/- Share
Issue Price: Rs. 805 - Rs. 806 Per Equity Share
Minimum Order Quantity: 18 Shares
Listing At: NSE

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