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BSE Limited IPO

Industry: Finance | Prospectus

What Are Analysts Saying?

Aditya Trading Solutions recommend to 'Stay Away' from the BSE IPO
Aditya Trading Solutions, 23 Jan 2017
According to Aditya Trading Solutions (ATS Research), on the valuation front it is attractive compared to the only listed player, the MCX. But, if we consider the shrinking revenue and margins over the years, we recommend sensible investors should Stay Away from the BSE IPO.

Prabhudas Lilladher recommend subscribing to BSE Limited IPO for long term gains
Prabhudas Lilladher, 23 Jan 2017
Despite losing market share in high turnover segments like equity both in cash as well as derivatives, BSE Ltd. has been able to steadily grow its revenue stream through annuity based fees and treasury operations.

BSE IPO: Put this Exchange on Hold
Punit Jain, 23 Jan 2017
This IPO offering is rated AVERAGE, and investors are advised to look elsewhere for long term gains. At a FY16 P/E of 35.9, and a FY17E forward PE of 21.0, the valuations are average. NSE is a fierce competitor, and is way ahead in terms of volumes, growth and profits.

Nirmal Bang recommend to subscribe to BSE Limited IPO
Nirmal Bang, 23 Jan 2017
The public issue of BSE consists of offer for sale of 1.54 Cr equity shares by existing shareholders aggregating to Rs1243 Cr. At Upper band of Rs. 806, BSE is offered at 15.9x EV/EBITDA and 26.7x PE of H1FY17 annualised earnings. Nirmal Bang recommend subscribing to the issue.

BSE Limited IPO: Jainam Wealth recommend to 'Subscribe'
Jainam Research, 23 Jan 2017
Considering diversified services portfolio, strong brand recognition, strong infrastructure, operates in duopoly market, robust financial, huge future growth potential and reasonable valuations, Jainam Wealth recommend investors to Subscribe the issue.

Issue Details

Open Date: 23 Jan 17 Min Application Amount: Rs. 14490
Close Date: 25 Jan 17 Min bid (No. of shares): 18
Offer Price: Rs. 805 Issue Size: Rs. 1243.43 Cr
Listing Exchanges: NSE Issue Size (Shares): 15,427,197

About the Company

\"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.\"

Objective of the Issue

\"Objects of the Issue:

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.\"