BSE is coming out with a 100% book building; initial public offering (IPO) of 1,54,27,197 shares of Rs 2 each in a price band Rs 805-806 per equity share. The issue will open for subscription on January 23, 2017 and will close on January 25, 2017. The shares will be listed on NSE.
The objects of the Offer are to achieve the benefits of listing the Equity Shares on NSE and for the sale of Equity Shares by the Selling Shareholders. Further, the Exchange expects that listing of the Equity Shares will enhance its visibility and brand image and provide liquidity to its existing Shareholders. 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 book running lead managers to the issue are Edelweiss Financial Services, AXIS CAPITAL, Jefferies India, Nomura Financial Advisory and Securities (India), Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals, while Spark Capital Advisors (India) remained the Co-Book running lead manager to the issue. Further, the compliance officer for the issue is Prajakta Powle.
The company is engaged in extensive monitoring of its members, of listed companies and of market activities in order to minimize the risk of default, promote market transparency and integrity.