The non institutional investors category of initial public offer (IPO) of BSE was subscribed 159.03 times, qualified institutional buyers (QIBs) category was subscribed 48.64 times, and retail individual investors(RIIs) category was subscribed 6.48 times.
Overall, the IPO of BSE received bids for 55.3 crore shares compared to 1.07 crore shares on offer, as per the NSE data. The IPO was subscribed 51.22 times. The issue opened for bidding on 23 January 2017 and closed on 25 January 2017.
The BSE issue comprised of an offer for sale of 1.54 crore shares by the selling shareholders. At the lower price band of Rs 805 per share, it works out to an issue size of Rs 1241.87 crore. At the higher price band of Rs 806 per share, the issue size is Rs 1243.42 crore.
The objects of the offer for sale are to achieve the benefits of listing the equity shares on the NSE to enhance its visibility and brand image and provide liquidity to its existing Shareholders.
BSE will not receive any proceeds of the offer and all the proceeds of the offer will go to the selling shareholders in the proportion of the equity shares offered by them.
Ahead of the opening of IPO, the IPO Committee of the board of directors of BSE, at a meeting held on 20 January 2017, allocated 46.28 lakh shares to twenty five anchor investors at Rs 806 per share totalling Rs 373.02 crore.
There are a total of 302 selling shareholders who have offered to sale their stake in the OFS. Prominent institutions include Singapore Exchange, Atticus Mauritius, Quantum (M), GKEF Ventures, Citigroup Global Markets, Acacia Banyan Partners and Caldwell India Holdings. Singapore Stock Exchange is selling its entire share holding of 4.67%, at cost at which it acquired in FY 2008.
BSE's consolidated net profit rose 62.46% to Rs 128.17 crore on 26.63% rise in net sales to Rs 241.56 crore in the six months ended 30 September 2016 over six months ended 30 September 2015.
BSE owns and operates the BSE exchange platform (formerly the Bombay Stock Exchange), the first stock exchange in Asia, formed on 9 July 1875.
At the end of October 2016, BSE was the world's largest exchange by number of listed companies, with more than 5,000 listed companies, and India's largest and the world's 11th largest exchange by market capitalization, with $1.7 trillion in total market capitalization of listed companies.