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
RELATED NEWS
Stock market: Record-shattering gains, 50k BSE peak - What lies ahead? Analysts predict these big things amid Budget 2021 Stock market: Record-shattering gains, 50k BSE peak - What lies ahead? Analysts predict these big things amid Budget 2021
Policy reforms, sops and tax breaks? Volatility in key stock markets set to flare up as investors bet big on Budget 2021 Policy reforms, sops and tax breaks? Volatility in key stock markets set to flare up as investors bet big on Budget 2021
What will happen to current market rally? Experts predict this What will happen to current market rally? Experts predict this
Mrs Bectors IPO: Share allotment status - SHORTEST WAY! How to check directly from BSE, Link Intime Mrs Bectors IPO: Share allotment status - SHORTEST WAY! How to check directly from BSE, Link Intime

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.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.