BSE IPO Update

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Bombay Stock Exchange is launching its Initial Public Offering which would open for subscription from Jan 23, 2017.

The price band and bid lot for the IPO is already fixed and the IPO is ready to go live The objects of the offer (OFS) are:

1. To achieve the benefits of listing the equity shares on NSE and
2. For the sale of equity shares by the selling shareholders.

The company 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.

Verdict

No listing of peer company has undertaken so far and thus a correct analysis for the price can not be drawn. However, we intend Not going in for the stock as it is asking for a higher priceand moreover BSE is a waning exchange. NSE is also likely to come with an IPO and we would like to bid for that IPO.

You can see live BSE Sensex Chart here.

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