BSE exchange sees strong demand for $182 million IPO
"Financial markets are overall under-penetrated in India. As the working-age population increases, retail investor participation is expected to go up, and this can be a driver for the exchanges," said Rahul Joshi, an analyst for Dion Global Solutions. "It will be a great story going ahead."
The IPO, which is seeking to raise Rs 1243 crore ($182 million), saw bids 15 times the number of shares on offer, data showed. Photo: Reuters