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BSE Limited IPO
BSE Limited owns and operates BSE exchange platform, the first stock exchange in Asia, which was formed on 9 July 1875. As of 30 June 2016, the BSE was the world’s largest exchange by number of listed companies, and India’s largest and the world’s 11th largest exchange by market capitalization, with USD1.52 trillion in total market capitalization of listed companies. As of 30 June 2016, the BSE had 1,440 unique members across all segments, and in FY 2016 the BSE accepted an average of 284.92 million orders and 1.55 million trades in equity shares per trading day, placing it as the 12th most active exchange in the world in terms of electronic book trades in equity shares.
As the operator of the BSE, it regulates listed issuers and provide a market for listing and trading in various types of securities as may be allowed by SEBI from time to time. BSE operate in the following three primary lines of business:
Listing business – consists of the primary market, which relates to the issuance of new securities
Market business – consists of (i) the secondary market, which relates to the purchase and sales of previously-issued securities, (ii) BSE StAR MF, the online platform for the placement of orders and redemptions of units in mutual funds, (iii) NDS-RST, the platform for the reporting of over-the-counter corporate bond trading, (iv) membership, which includes membership in the Exchange, membership in clearing corporation ICCL, and depository participants in depository CDSL, and (v) post-trade services, namely the clearing corporation and depository
Data business – consists of the sale and licensing of information products.
| BSE IPO details | |
| Subscription Dates | 23 – 25 January 2017 |
| Price Band | INR805-806 per share |
| Fresh issue | Nil |
| Offer For Sale | 15,427,197 shares |
| Total IPO size | INR1,243.43 crore |
| Minimum bid (lot size) | 18 shares |
| Face Value | INR2 per share |
| Retail Allocation | 35% |
| Listing On | NSE |
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BSE Limited’s consolidated financial performance (in INR crore) |
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| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | |
| Total revenue | 578.7 | 552.9 | 529.8 | 624.7 | 658.3 |
| Total expenses | 254.2 | 272.8 | 275.1 | 378.9 | 420.1 |
| Profit after tax | 172.4 | 118.8 | 135.2 | 129.7 | 122.5 |
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BSEÂ Limited
25th Floor, P J Towers, Dalal Street,
Mumbai 400001
Phone:Â +91 22Â 2272Â 1233
Fax:Â +91 22Â 2272Â 1003
Email:Â [email protected]
Website: www.bseindia.com
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
Phone: +91 40 23312454
Fax: +91 40 23311968
Email: [email protected]
Website: http://karisma.karvy.com
BSE IPO Subscription Details
| Category | Shares offered | Subscription (No. of times, at 7Â PM)Â | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 3,085,440 | 0.16 | Â 0.21 | 48.63 |
| NII | 2,314,080 | 0.12 | Â 0.56 | 159.03 |
| Retail | 5,399,519 | 0.85 | 2.72 | 6.44 |
| Total | 10,799,039 | 0.50 | 1.54 | 51.19 |
BSE IPO allotment status is available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 23 January 2017
IPO Closing Date:Â Â 25 January 2017
Finalisation of Basis of Allotment: 31Â January 2017
Initiation of refunds: 1 February 2017
Transfer of shares to demat accounts: 2 February 2017
Listing Date: 3 February 2017
Listing Price on NSE: Â INR1,085 per share (Return of 34.6% on IPO price)
Closing Price on NSE: Â INR1,069.2 per share (Return of 32.6% on IPO price)
Wow, when is this IPO coming? Tentative dates and price please.
23-25 january adn price 800-850
If priced at 850, it will be a pe ratio of more than 75!!!
bullishbear, are you saying it is too much?
Of course, it will be a flop at such high PE ratio. I don’t like BSE as a stock exchange, I trade on NSE. As a trading platform, BSE has been losing out and its margins will only decrease IMO. Nothing great in this IPO, I’ll rather prefer CDSL than BSE.
Btw, any trades in grey market? Ifyes, pls update the premiums.
bullishbear, did you see the corrigendum of 2/- face value?? Your calculations will need to change accordingly.
The price will be 400 says Mint newspaper
You are right RJ17 and I’m very sorry for this mistake. IPO is indeed priced right for my liking. Will apply tomorrow day.
so you are saying that bse is not good for trading but for long term investment i think bse is good
No Saurap, BSE looks good for subscription. My earlier comments were based on poor information. I did not pay attention to face value calculations that RJ17 has pointed out.
I’ve heard BSE IPO kostak rate in grey market is around 800.
650+ in Rajkot
Need a review of BSE IPO now.
At 800+, there is no way you can surely make money in bse ipo. It is a lucky draw at best, if the markets are good, you will make some money. But wait, Trump has to say something…
Sinhaji, I’m a fan of skepticism but why do you say this. BSE has priced the IPO at PE ratio of 35.8. This is not very high IMO as we had similar priced offers last year and they did well. And let’s not forget, this is BSE afterall!!!
Just wait, Trump has come to the white house and there will be many orders he is going to reverse from last govt. Markets have no where to go, am shorting for a reason.
Boarders, plesae help me. Should I sell my application in grey market?? My broker is offering Rs 700.
Don’t sell below 800. listing will be superb but if you want to cash out early, thereare brokers offering ,more than 800
sonu tantrik( bse will give you aroung 250 per share profie)
application prices 800
dont sell in pre-open wait
char mai sai teen application aani chaiye allah will give me money
Listing above 1000/- for sure. Don’t sell.
Its future totally depended on U P election of stock market
Sahi bole hai Dubey ji…
I can’t place my application through HDFC Bank, WTF???
Try from other bank accounts, Axis bank allows adding five demat accounts…
Did it through Axis Bank finally. Some benefit of having multiple bank accounts :))
i cant appply through bank of india
I would like to suggest you to apply through SBI Bank for online application. I can apply 5 application in less than five minutes.
Gazab ka response hai bhai, allotment will be difficult. I should have applied in MOIL ofs.
ipo will give us around 2500-3000 say to SONU TANTRIK
ALLAH WILL GIVE US 2500
Just wait for 2-3 days, you will know how meharbaan allah is…
Just checked Karvy site and there is an option of BSE in drop down menu but I get no more details after entering my application number. Anyway, looks allotment will be out today , may be in the evening.
Got nothing in my 3 applications. Disappointed
Same here. 5 applications and no allotment. Ipos are useless
any person with same PAN no having any number of demat accounts applied will not get allotment of IPO,Hence we have to apply only one account
allotment out
expected to list above 1000
GMP above 210
Will list above 1100 for sure
Experts pls help, shall I buy BSE on market rates???
Two words for you – don’t buy! I know many people will say bullsinha has been wrong again but BSE at 1000+ is hardly an investment. Think about it, if the business was really that good, why was it offered at 806?? It is all easy money yhat is driving the market. Geopolitics is bad, US policies are bad, international oil prices are bad, budget is not great and markets are making new highs. It is a rave party, just a police raid and everyone will be locked-up metaphorically speaking!!!
Thanks for your reply.
Bullsinha, your’s is a logic of sanity. Don’t know about others but I’ve benefited from your advice. Please don’t pay too much attention to criticism on the board.
correect
this time missed opportunity
when is nse ipo