BSE IPO
BSE IPO — date, price band, lot size & details 2017
BSE listed on 3 Feb 2017 at ₹1,085, 34.6% above the ₹806 issue price.
BSE runs the Bombay Stock Exchange, set up in 1875 as the first stock exchange in Asia and the exchange with the most listed companies in the world. Its total income was Rs 515.89 crore in FY2016.
Stock price
BSE is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 23 Jan 2017
- Close 25 Jan 2017
- Allotment 31 Dec 2017
- Refund/credit 01 Feb 2017
- Listing 03 Feb 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Jan, 2017 |
|---|---|
| Price Band | ₹805 – ₹806 |
| Face Value | ₹2 |
| Lot Size | 18 Shares |
| Issue Size | ₹1243.43 Cr |
| Sale Type | OFS only |
| Listing On | NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,508 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 18 shares at the ₹806 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 18 | ₹14,508 |
| Retail (max) | 13 | 234 | ₹1,88,604 |
| S-HNI (min) | 14 | 252 | ₹2,03,112 |
| S-HNI (max) | 68 | 1,224 | ₹9,86,544 |
| B-HNI (min) | 69 | 1,242 | ₹10,01,052 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It had over 5000 listed companies, the most of any exchange in the world.
- 02Profit after tax rose from Rs 74.77 crore in FY2014 to Rs 131.91 crore in FY2016.
- 03Total income rose from Rs 332.83 crore in FY2014 to Rs 515.89 crore in FY2016.
- 04Net worth was Rs 2,344.02 crore on 30 June 2016.
Risks · 5
- 01It competes with a larger rival exchange for trading volumes; EBITDA fell from Rs 305.31 crore in FY2015 to Rs 300.51 crore in FY2016.
- 02Exchange income swings with market activity; profit was Rs 86.18 crore in the June 2016 quarter.
- 03Exchanges are tightly regulated by SEBI, which can cap fees and set rules; total assets were Rs 3,099.74 crore.
- 04The whole Rs 1,243.43 crore issue was an offer for sale, so none of it went to the company.
- 05It has no identifiable promoter, so control rests with institutional shareholders; net worth was Rs 2,253.61 crore in FY2016.
Three years of numbers
All figures in ₹ crore, as reported in the BSE offer document.
| Metric | 30 Jun 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 3,099.74 | 2,917.67 | 2,875.80 | 2,592.30 |
| Total Income | 273.56 | 515.89 | 439.18 | 332.83 |
| Profit After Tax | 86.18 | 131.91 | 75.65 | 74.77 |
| EBITDA | 193.11 | 300.51 | 305.31 | 287.45 |
| NET Worth | 2,344.02 | 2,253.61 | 2,203.32 | 2,085.16 |
| Reserves and Surplus | 2,333.28 | 2,242.87 | 2,192.59 | 2,074.78 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the BSE IPO will be updated shortly.
BSE IPO Anchor Investors
25 anchor investors across 19 fund houses committed ₹373.01 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The Bombay Stock Exchange was established in 1875 as the first stock exchange in Asia, and it is India's largest stock exchange by number of listed companies.
It had over 5000 listed companies, the most of any exchange in the world, and Deutsche Bourse and Singapore Exchange were strategic partners.
The IPO was Rs 1,243.43 crore and was entirely an offer for sale by existing shareholders at Rs 806, the top of the Rs 805 to Rs 806 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
BSE IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Motilal Oswal Investment Advisors
79 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: R K Swamy (-13.2%).
Jefferies India Private Limited
41 issues handledBest listing: Nazara Technologies (+80.7%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Nomura Financial Advisory & Securities (India) Pvt. Ltd
37 issues handledBest listing: Happiest Minds Technologies (+110.8%). Weakest: Shriram Properties (-23.7%).
SMC Capitals Ltd
2 issues handled2 of their issues have listed so far, and 2 opened above the issue price (average +7%). That is too small a sample to read as a hit rate.
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Spark Capital Advisors (India) Pvt. Ltd
2 issues handled2 of their issues have listed so far, and 1 opened above the issue price (average +13.4%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of BSE?
The current Grey Market Premium is ₹0.
What is the BSE IPO price band?
₹805 to ₹806, on a face value of ₹2.
When is the allotment?
The basis of allotment is 31 December 2017, with listing on 3 February 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
