BSE Ltd’s IPO, which opens today, has investors and analysts keenly watching how India’s first domestic stock exchange’s initial public offering fares. BSE Ltd, the owner of the Bombay Stock Exchange, has set the indicative price band for its initial public offering (IPO) at Rs 805-806 per share, looking to raise Rs 1,243 crore at the top end of the price range.
BSE Ltd has already raised Rs 373 crore from anchor investors, including DSP Blackrock, Reliance Capital Trustee Company, Citigroup, Kotak Mutual Fund, Goldman Sachs, Capital World, ICICI Prudential Fund, IDFC Mutual Fund and Kuwait Investment Authority Fund.
Asia’s oldest stock exchange owners’ IPO, which is set for January 23-25, will see some of BSE’s shareholders selling a total of 1.54 crore shares and will value the stock exchange at Rs 4,400 crore at the top end of the price range.
Some of the top BSE shareholders, who will sell their holdings in the offering, include Singapore Exchange Ltd and investment firm Acacia Banyan…