BSE IPO subscribed 17 times on final day

by | Jan 25, 2017 | Going Public | 0 comments

BSE IPO subscribed 17 times on final day
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Author: Santanu Chakraborty / Source: http://www.livemint.com/

The initial public offer of BSE to raise up to Rs1,243 crore was oversubscribed 11.85 times till afternoon trade on the last day of the offer. Photo: Bloomberg
The initial public offer of BSE to raise up to Rs1,243 crore was oversubscribed 11.85 times till afternoon trade on the last day of the offer. Photo: Bloomberg

Mumbai: BSE Ltd., the operator of Asia’s oldest bourse and the nation’s first stock exchange to list, received bids for about 17 times the shares in an initial public offering ending Wednesday.

Bids were placed for 181.5 million shares compared with 10.8 million shares on offer as of 1.45pm local time, according…

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