NEW DELHI: Leading bourse BSE has fixed the price band at Rs 805-806 per share for its upcoming initial public offering (IPO), through which it aims to raise up to Rs 1,243 crore.
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 year’s 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, it said in a public notice.
The company said bids for the issue can be made for a…