BSE, India’s largest stock exchange, goes public today. We look at 10 things to know about the issue.
The exchange raised Rs 373 crore by allotting shares to anchor investors on Friday. BSE has allotted shares to anchor investors at the price of Rs 806 apiece, the higher end of its IPO price band of Rs 805-806.

BSE shares will be listed on NSE as Sebi rules do not allow self-listing for an exchange.The exchange aims to raise up to Rs 1,243 crore from the IPO, which is priced at Rs 805-806 per share. BSE, which was founded in 1875, has for long been considering an IPO.

Bids for the issue can be made for a minimum of 18 shares and in multiples of 18 thereafter.Among the existing shareholders are Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, Mauritius-based arm of American investor George Soros’ Quantum Fund and foreign fund Atticus.In FY16, revenue from operations (comprised of revenue from securities services, services to corporate and data dissemination fees), income from investments and deposits and other income comprised 64.8%, 28.8% and 6.4% of total revenue, respectively.

The exchange logged Rs 122-crore net profit in FY’ 2016. Further, BSE’s turnover from the interest rate derivatives market grew from Rs 2,600 crore in FY2014 to Rs 1.14 lakh crore in FY2016.The exchange is world’s 11th largest by market capitalization, with $1.52 trillion in total market capitalization of listed companies. At the upper end of the price band, the stock is available at PE of 28x based on annualized FY2017E earnings. It’s nearest comparable MCX is trading at P/E of 39x based on FY2017E earnings.
Source: businesstoday.in