BSE Limited IPO Message Board (Page 71)

BSE IPO

GMP 112 - 114
Kostak 650/-

BSE has completely lost the plot. All the income is other income.
1. More than 90% of cash market segment volume is in NSE and 100% of futures and derivative volume is on BSE
2. Cash from operations is Negative for last 2 yrs
3. Therefore PE multiple should not be more than 8x.
4. Based on 8x * 40 EPS = Rs320. And IPO is coming at a highly inflated price of Rs850!

BSE Limited IPO Update:

Opens On: 23-Jan-2017

Closes On: 25-Jan-2017

Price Band: INR 805 to INR 806

Bid Lot: 18 Equity Shares & in multiple thereafter

Issue Size:

INR 1243.43 Crs at Upper Band &

INR 1241.89 Crs at Lower Band

Issue Split:

QIB 50% - 621.72 Crs at upper band

HNI 15% - 186.51 Crs at upper band

Retail 35% - 435.20 Crs at upper band

Listing: ONLY NSE

Indicative Post Issue Timeline:

Finalization of Basis of Allotment: On or about 31-Jan-2017

Unblocking of Funds: On or about 01-Feb-2017

Credit of Shares to Demat A/C to allottees : On or about 02-Feb-2017

Commencement of Trading (Listing): 03-Feb-2017

BSE
min. application amount : 14,508 Rs.
min. bid lot size : 18 shares
cut-off price : 806

Chanakya closed its link for BSE IPO ... the competition has blinked first !!!

Oho... you are traking that site so quickly.

chanakya died years ago
However irrevant will not be able to copy-paste !!!

In ET price band for the IPO tentative 800-806

So, now ET has acknowledged its earlier mistake of giving the expected price band as 400-406

Which is the fair velue of bse ipo ?

@ Septa ji.... Fair value calculation of BSE please

What effect of BSE IPO can we expect on MCX share price.
BSE is losing it''s market share to nse and MCX and with in 2 quarters MCX will surpass BSE in all aspects.
850 at face value 2 and 1200 at face value 10.
Anybody can say MCX is available at cheap price.
With option trading getting a go ahead and reduction in CTT in upcoming budget
MCX will only zoom from here.

One can consider BSE for listing gains only and not for long term investment.
Only invest in IPO on last day after seeing the subscription levels.

BSE IPO

GMP 108 - 110
Kostak 650/-

BSE IPO

Subscription required for 1X
RII = 3.18L Forms
NII = 186.51 Crs

Subscription Expected
RII = 9.00L Forms = 3.00X Applic. wise (Avg allotment of ~6 shares per lot)
NII = 30K Crs. = ~160X

Interest cost @4.25%p.a. for 7days = 65.7paise for 1X

Thus, for 30K Crs. the costing = Rs.~106 per share (GMP)

And 106 X 6 = Rs. ~600/- (Kostak)


For viewing the BSE Consolidated Financial Results for the Six Months Ended Sep 30, 2016

See Link here below
http://www.bseindia.com/downloads1/BSE_Consolidated_Financial_Results_for_the_Six_Months_Ended_Sep30_2016.pdf

Please note:

On October 28, 2016 BSE has consolidated the equity shares having a face value of Re. 1/- each into equity shares having a face value of Rs.2/- each

Hence, every 2 shares held on September 30, 2016 is now equivalent to 1 shares after Consolidation.

Thereby, EPS for FY 15-16 is Rs.24.36 & EPS for H1 16-17 is Rs.19.72

with the (assumed) CY EPS of Rs.39.44 (19.72 X 2)
... and if the IPO is priced @Rs.806/-
... then the PE works out to be 20.44X

Correction :

Subscription required for 1X
RII = 3.00L Forms
NII = 186.51 Crs

Further, you may find it useful to compare NSE with BSE …

For viewing the NSE Consolidated Financial Results for the Six Months Ended Sep 30, 2016

See Link here below
https://www.nseindia.com/global/content/about_us/NSEIL_10112016.pdf

Please note:

On November 24, 2016 NSE allotted Bonus shares in the ratio: 1:10

On December 13, 2016 NSE has sub-divided the equity shares having a face value of Rs. 10/- each into equity shares having a face value of Rs.1/- each

Hence, every 1 share held on September 30, 2016 is now equivalent to 11 shares after Bonus & Split.

Thereby, EPS for FY 15-16 is Rs.18.86 & EPS for H1 16-17 is Rs.13.13

If we are to believe the Media Reports of Issue size of Rs.10K Crs … then for IPO of 1,11,411,970 Equity Shares = Rs.898/- per Share

with the (assumed) CY EPS of Rs.26.26 (13.13 X 2)
... and if the IPO is priced @Rs.900/-
... then the PE will work out to be 34.27X

Can I apply In Reliance CPSE ETF FPO on line like other IPO''s through SBI without filling a form. If yes how to go. And if not through SBI is there any bank or broker like angel, HDFC,ICICIBank etc

This is attractive at upper price band of Rs, 806/-

http://www.moneycontrol.com/news/ipo-issues-open/bse-sets-ipo-price-band-at-rs-805-806-per-share_8271401.html

What bse ipo costek rate now??
Primum?
Eagleye sir

BSE priceband::805-806 Apply or Avoid???

BSE is valued at 4400 crore at the current price band with a quarterly profit in range of 45 crore. MCX is valued at 6000 crore with current quarterly profit of 34 crore. So the valuations are not stretched. With an able management BSE can easily have a valuation in range of 8000 crore which leaves significant upside. However there are 2 concerns, the issue is OFS with only promoter(insider) selling and secondly the history and track record of innovation and management at BSE is not comparable to that of NSE or MCX. Nothing to loose in applying as this is not going to list on discount but can exit at a valuation of 6000 crore (roughly 30% gains) unless you want to bank on a possible merger (and consolidation) of MCX and BSE at a later date.

#Flash The Price band for BSE IPO is fixed at 805-806/-
Two minute silence for those who are saying the illogical price band of 400-450/-.

BSE ipo price band 805-806 declared

Subscribe r avoid? Please suggest....I think this is over priced(800-850)