Bookbuilding IPO | ₹1,243 Cr | Listed at NSE | Mon, Jan 23, 2017 - Wed, Jan 25, 2017
BSE IPO is a book build issue of ₹1,243.43 crores. The issue is entirely an offer for sale of 1.54 crore shares of ₹1,243.43 crore.
BSE IPO bidding started from Jan 23, 2017 and ended on Jan 25, 2017. The allotment for BSE IPO was finalized on Dec 31, 2017. The shares got listed on NSE on Feb 3, 2017.
BSE IPO price band is set at ₹806 per share. The lot size for an application is 18. The minimum amount of investment required by an retail is ₹14,508 (18 shares) (based on upper price). The lot size investment for sNII is 14 lots (252 shares), amounting to ₹2,03,112, and for bNII, it is 69 lots (1,242 shares), amounting to ₹10,01,052.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to BSE IPO RHP for detailed Information.
IPO Open
Mon, Jan 23, 2017
IPO Close
Wed, Jan 25, 2017
Issue Price
₹806 per share
Market Cap (Pre-IPO)
₹4,326.46 Cr
| IPO Date | 23 to 25 Jan, 2017 |
| Listed on | Fri, Feb 3, 2017 |
| Face Value | ₹2 per share |
| Price Band | ₹805 to ₹806 |
| Issue Price | ₹806 per share |
| Lot Size | 18 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE |
| Total Issue Size | 1,54,27,197 shares (agg. up to ₹1,243 Cr) |
| Offer for Sale | 1,54,27,197 shares of ₹2 (agg. up to ₹1,243 Cr) |
| Share Holding Pre Issue | 5,36,78,172 shares |
| Share Holding Post Issue | 5,36,78,172 shares |
| NSE Symbol | BSE |
| ISIN | INE118H01025 |
BSE IPO comprises a total issue size of 1,54,27,197 shares. Out of which, 77,13,598 (50.00%) are allocated to QIB, 23,14,080 (15.00%) allocated to NII 53,99,519 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 77,13,598 | 50.00% | NA |
| − Anchor Investor Shares Offered | 46,28,158 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 30,85,440 | 20.00% | NA |
| NII (HNI) Shares Offered | 23,14,080 | 15.00% | NA |
| Retail Shares Offered | 53,99,519 | 35.00% | 2,99,973 |
| Total Shares Offered | 1,54,27,197 | 100.00% |
Investors can bid for a minimum of 18 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,508 |
| Retail (Max) | 13 | 234 | ₹1,88,604 |
| S-HNI (Min) | 14 | 252 | ₹2,03,112 |
| S-HNI (Max) | 68 | 1,224 | ₹9,86,544 |
| B-HNI (Min) | 69 | 1,242 | ₹10,01,052 |
BSE IPO raises ₹373.03 crore from anchor investors. BSE IPO Anchor bid date is January 20, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jan 20, 2017 |
| Shares Offered | 46,28,158 |
| Anchor Portion (₹ Cr.) | 373.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Jan 30, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Mar 31, 2018 |
BSE Limited is the owner and operator of BSE Exchange (Bombay Stock Exchange), India's largest stock exchange by number of companies listed. The Bombay Stock Exchange was established in year 1875 as the first stock exchange in Asia. Today BSE has over 5000 companies listed on it, the highest in any exchange around the world. Worlds two leading global exchanges, Deutsche Bourse and Singapore Exchange are strategic partners of BSE.
BSE offers trading in Equity, Debt Instruments, Derivatives, Mutual Funds and SME Equity. The S&P BSE SENSEX is India's most widely tracked stock market benchmark index. BSE also offer services including risk management, clearing, settlement, market data services, IT services and solutions, licensing index products such as the S&P BSE SENSEX and financial & capital markets trainings.
BSE Limited Strengths
1. Strong brand recognition with a track record of innovation
2. Diversified and integrated business model and active relationship with market participants
3. State-of-the-art infrastructure and technology
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The Exchange 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. |
The BSE Limited IPO is subscribed 51.22 times on January 25, 2017 11:30:00 PM (Day 3). The public issue subscribed 6.48 times in the retail category, 48.64 times in the QIB category, and 159.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 48.64 | 30,85,440 | |
| NII | 159.03 | 23,14,080 | |
| Retail | 6.48 | 53,99,519 | |
| Total | 51.22 | 1,07,99,039 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Managers including underwriting commission, brokerage and selling commission, as applicable | 28.64 |
| 2 | Advertising and marketing expenses | 8.74 |
| 3 | Fees payable to the Registrar to the Offer | 0.23 |
| 4 | Brokerage and selling commission payable to Syndicate Members and SCSB, Registered Brokers, RTAs and CDPs | 2.18 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSB | 1.38 |
| 6 | Others (listing fees, legal fees, SEBI and NSE processing fees, etc.) | 22.46 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹806.00 |
| Open | ₹1,085.00 |
| Low | ₹1,065.10 |
| High | ₹1,200.00 |
| Last Trade | ₹1,069.20 |
Lead Manager Reports
BSE IPO is a main-board IPO of 1,54,27,197 equity shares of the face value of ₹2 aggregating up to ₹1,243 Crores. The issue is priced at ₹806 per share. The minimum order quantity is 18.
The IPO opens on Mon, Jan 23, 2017, and closes on Wed, Jan 25, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE.
Zerodha customers can apply online in BSE IPO using UPI as a payment gateway. Zerodha customers can apply in BSE IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BSE IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BSE IPO opens on Mon, Jan 23, 2017 and closes on Wed, Jan 25, 2017.
BSE IPO lot size is 18, and the minimum amount required for application is ₹14,508.
You can apply in BSE IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for BSE IPO will be done on Sunday, December 31, 2017, and the allotted shares will be credited to your demat account by Thu, Feb 2, 2017. Check the BSE IPO allotment status.
The BSE IPO listing date is on Fri, Feb 3, 2017.
