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BSE's Rs 1,200-crore IPO opens today

 BSE Ltd is set to opens its Initial Public Offer on Monday which will be on sale up till January 25.

BSE's Rs 1,200-crore IPO opens today

Mumbai: BSE Ltd is set to opens its Initial Public Offer on Monday which will be on sale up till January 25.

BSE's much awaited IPO is the first by a domestic stock exchange, and is expected to raise up to Rs 1,243 crore from the IPO which is priced at Rs 805-806 per share.

The RHP filed by the BSE with Sebi, more than 300 shareholders in BSE, including Singapore Exchange and a Citigroup unit, will sell up to 15.4 million shares with a face value of 2 rupees each.

During the initial share sale -- which is also a first by any company this year -- shareholders will sell 15.43 million shares estimated to be around Rs 1,243.44 crore at the higher end of the price band.

The IPO of 15,427,197 shares of face value of Rs 2 each will constitute up to 28.26 per cent of the fully-diluted post offer issued share capital of BSE.

Bids for the issue can be made for a minimum of 18 shares and in multiples of 18 thereafter.

Meanwhile, BSE on Friday raised Rs 373 crore by allotting shares to anchor investors.

BSE shares will be listed on NSE as Sebi rules do not allow self-listing for an exchange.

The National Stock Exchange, also filed for an IPO in December 2016 and is looking at raising around $1 billion. 

With PTI inputs

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