Mumbai, Jan 20 (PTI) Leading stock exchange BSE today raised Rs 373 crore by allotting shares to anchor investors ahead of its much-awaited initial public offer opening on January 23. The exchange has allotted shares to anchor investors at the price of Rs 806 apiece, the higher end of its IPO price band of Rs 805-806. Among the anchor investors are Goldman Sachs Asset Management, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Citigroup, IDFC Mutual Fund, DSP Blackrock, Capital World, Reliance Capital Trustee Company and Kuwait Investment Authority Fund, according to a release. The stock exchange aims to raise up to Rs 1,243 crore from its IPO, which is priced at Rs 805-806 per share. The IPO opens on January 23 and closes on January 25, which will be the first by a domestic stock exchange. During the initial share sale -- this years first as well -- shareholders will sell 15.43 million shares estimated to be around Rs 1,243.44 crore at the higher end of the price band. The IPO of 15,427,197 shares of face value of Rs 2 each will constitute up to 28.26 per cent of the fully-diluted post offer issued share capital of BSE. Bids for the issue can be made for a minimum of 18 shares and in multiples of 18 thereafter. Among the existing shareholders are Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, Mauritius-based arm of American investor George Soros Quantum Fund and foreign fund Atticus. There are an estimated 9,000 shareholders in BSE, where originally mostly brokers held shares. However, a host of foreign investors and domestic financial institutions have acquired shares over the years and the IPO will provide some of them an exit window to monetise their investments. BSE shares will be listed on NSE as Sebi rules do not allow self-listing for an exchange. Capital market regulator Sebi had given its final go- ahead to the draft prospectus for the IPO on December 30. Meanwhile, rival NSE had filed draft papers with Sebi last month for an estimated Rs 10,000 crore IPO. The issue is being managed by Edelweiss Financial Services, Axis Capital, Jefferies India, Nomura Financial Advisory and Securities (India) Pvt, Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals. Multi Commodity Exchange of India is the only listed bourse in the country. PTI SP RAM MR
BSE IPO Update: Anchor book of $30 mn oversubscribed about 7x. BSE IPO Update: 25 anchor investors to be given the allotment out of 50 anchor investor bids.
Has SEBI Withdrawal of IPO applications Post Issue Closure changed the reason i am asking this bcoz a new column which reads Post issue Modification Period on NSE website on BSE IPO https://www.nseindia.com/products/content/equities/ipos/ipo_current_bse.htm.
Sonmaya that is diffrent this is new do check the website
Issue Period 23-Jan-2017 to 25-Jan-2017 Post issue Modification Period 27-01-2017 (between 10.00 a.m. to 1.00 p.m. only)
post Modification after the issue closed ??????
302.3. SONMAYA| Link| Bookmark|
January 20, 2017 10:13:05 PM
IPO Guru (1300+ Posts, 500+ Likes)
when issue coses..next day bound to b post modi.day..in this case 26..being holiday...post modi.is on 27......u can check this in old ipo also...and in future also u will find post modifi.day....
302.4. SONMAYA| Link| Bookmark|
January 20, 2017 10:14:31 PM
IPO Guru (1300+ Posts, 500+ Likes)
earlier it was for whole day..now a day upto..1.pm
Septaji, ''Post issue modification'' is seen, since ASBA was made compulsory for retail investors. Think this option is only for intermediaries like banks, bidding centers etc, only to correct discrepancies in details like dpid, clid, pan etc, if any.
6 Applications has been made through my 1 bank account. Amount blocked for 5 times only. Can I change bank account in post modification period for 1 application?
I wanna know. I m open Demat account with cdsl id. Now is it possible that may i apply for bse ipo ? If i will get allotment dn possible to sell my share to Demat account(cdsl)..! Help me to clear my doubts.
CDSL or NSDL both are recognised depositories. It does not matter, u can apply online using netbanking through ASBA. Once allotted u can sell directly if u r having the trading account and online trading facility or through a broker.
300. Eagleye| Link| Bookmark|
January 20, 2017 8:10:59 PM
IPO Guru (6600+ Posts, 21900+ Likes)
BSE IPO
Has anyone sighted the Anchor Investors List ... ???
299.3. Eagleye| Link| Bookmark|
January 20, 2017 10:16:15 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Dear Nnnnnnnnnnn (m=37964)
You are a new member here ... as an old rocking chair of this forum … I welcome you !!
FYI, this chat forum is dedicated to IPOs an hence GMP & kostak are an integral part of discussion of our group... however I notice that you had a personal grouse that it makes this forum so boring & nothing new ...
Well, what can I say ... if you are not interested in IPOs and the dynamics of the grey market in the build up to the IPO ... then this is not the place for you ... you may feel like being a gay ... in a ladies changing room ... very bored and very confused with all the fuss. _/\_
i knw and understand very well the dynamics of grey( and black as well) mkt b''cause i''m the mkt maker and make feel like being a star asterisks ... in a gents changing room
imo old chair never rocks !
thnk u 1ce again gud ni8
299.5. Pandit Ji| Link| Bookmark|
January 21, 2017 10:05:19 AM
Top Contributor (400+ Posts, 200+ Likes)
Even I am a market maker, can put warren buffet to shame Wehnever I sell, the market moves up and whenever I buy the market crashes Just let me know if you guys are short or long, I will swing the market in your favour
298. Eagleye| Link| Bookmark|
January 20, 2017 7:06:11 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Reliance Mutual Fund CPSE ETF FFO gets bids of approx Rs.12,000 crore - over 2.5 times the base issue size of Rs.4,500 crore
296.2. Pokemongo| Link| Bookmark|
January 20, 2017 8:52:19 PM
Top Contributor (400+ Posts, 300+ Likes)
buinness standard says ipo is not good from medium or long term compared to NSE.. it might give listing gains but nothing exciting about this IPo? should be careful and not apply