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BSE to start trading today on NSE

The IPO saw robust investor demand and was oversubscribed 51.22 times.

BSE to start trading today on NSE
The price band was fixed at Rs 805-806. Photo: Reuters
Written By: PTI
Updated: Fri, Feb 03, 2017
08:33 am
New Delhi, PTI
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BSE is set to list on its rival National Stock Exchange today after it recently concluded Rs 1,243-crore initial public offering.

The issue, which was also the first share sale by a domestic stock exchange, was open to bidding on January 23-25. The IPO saw robust investor demand and was oversubscribed 51.22 times.

During the initial share sale, shareholders offered 1.54 crore shares estimated to be worth around Rs 1,243.44 crore at the higher end of the price band. The price band was fixed at Rs 805-806.

BSE's initial share sale was also the first this year after 26 companies together garnered Rs 26,000 crore through IPOs in 2016, making it the best year for public offers since 2010.

The bourse is the world's largest exchange by number of listed companies. Shares of nearly 3,000 companies trade on BSE, which was earlier known as the Bombay Stock Exchange.
It is the world's 10th largest exchange by market capitalisation. The m-cap of BSE-listed companies stands at Rs 1,14,50,863 crore.