BSE IPO may hit markets as soon as Jan 2017

Asia’s oldest bourse, BSE, has completed its roadshows abroad for the coming Initial Public Offer (IPO) of equity. According to sources, it expects approval soon from the Securities and Exchange Board of India (Sebi).

“We got a decent response from overseas investors and are currently marketing the offering to domestic investors,” said an involved investment banker.

BSE had filed its draft prospectus with the regulator in early September. About 29.95 million shares that were tendered during the offer for sale process will be sold in the IPO. Bankers are looking at pricing the issue at about Rs 500 apiece, which