The BSE exchange platform (formerly, the Bombay Stock Exchange), the first stock exchange in Asia, which was formed on July 9, 1875. As of June 30, 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 capitalisation, with US$ 1.52 trillion in total market capitalisation of listed companies.
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. It operate in three primary lines of business, namely:
- the listing business,
- the market business,
- the data business,
In addition to its primary lines of business, it also have supporting businesses, including, 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.
Companies Strengths:
- Strong brand recognition with a track record of innovation
- Diversified and integrated business model and active relationship with market participants
- State-of-the-art infrastructure and technology
- Financial strength and diversified sources of revenue
General Overview of the Exchange Sector
PROFIT AND LOSS ACCOUNT
Objects of the Issue:
The objects of the offer (OFS) are:
1. To achieve the benefits of listing the equity shares on NSE and
2. For the sale of equity shares by the selling shareholders.
The company will not receive any proceeds of the offer and all the proceeds of the offer will go to the selling shareholders in the proportion of the equity shares offered by them.
Issue Detail:
» 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
› Offer for Sale of 15,427,197 Equity Shares of Rs 2
» Face Value: Rs 2 Per Equity Share
» Issue Price: Rs. 805 – Rs. 806 Per Equity Share
» Market Lot: 18 Shares
» Minimum Order Quantity: 18 Shares
» Listing At: NSE
Timetable in respect of the Offer:
- Bid/Offer Opens On: Jan 23, 2017
- Bid/Offer Closes On: Jan 25, 2017
- Finalisation of Basis of Allotment: On or about Jan 31, 2017
- Initiation of refunds: On or about Feb 01, 2017
- Credit of Equity Shares to demat accounts: Feb 02, 2017
- Commencement of trading of the Equity Shares: Feb 03, 2017
MY REVIEW:
Based on its standalone & Consolidated earnings it looks bit overvalued. Also there is sharp decline in consolidated EPS of the company…. But due to its goodwill in the market and MOST AWAITED IPO its better to wait for first two days before applying and see the applications received by the company then decide… Better be on safer side. 🙂 Though medium to long term investors should subscribe to the issue.