Price band for the IPO fixed at Rs 805-806 per share
BSE is coming up with an initial public offer (IPO) of up to 1.54 crore shares of face value of Rs 2 each. The offer shall constitute up to 28.26% of the fully diluted post-offer issued share capital of BSE. The price band for the IPO is Rs 805-806 per share. The issue size works out to Rs 1241.89-1243.43 crore. The IPO opens for subscription on 23 January 2017 and closes on 25 January 2017. The draft prospectus listed 302 shareholders looking to sell their shares in the IPO.
Post IPO, BSE will be listed on the National Stock Exchange of India (NSE).
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