BSE allocates shares worth Rs 373 crore to Anchor Investors


Just before the launch of its initial public offer on Monday, stock exchange major allocated 4,628,158 equity to ‘Anchor Investors’ worth Rs 373 crore.

The company allocated the equity at an offer price of Rs 806 per equity share.

The investors included the likes of Capital World, Massachussets Institute of Technology, ICICI Pru MF, Goldman Sachs Asset Management, Citigroup Global Markets Mauritius, Bajaj Allianz, Reliance Capital Trustee Co, Kuwait Investment Authority Fund and SBI MF.

The IPO will be the first issue to hit the markets in 2017 and will last from Monday till Wednesday.

The maiden public issue will off-load a total of 15,427,197 equity share (including anchor portion of 4,628,158 equity shares) with a face value of Rs 2 each via the book building route in a price band of Rs 805-Rs 806.

At the upper band, the size offer works out to Rs 1,243.43 crore.

The offer will comprise up to 28.26 per cent of the fully diluted ‘post-offer’ issued share capital of BSE. Bids have been invited for a minimum of 18 equity and in multiples of 18 equity thereafter.

Established on July 9, 1875, the company is the country’s biggest bourse in terms of listed companies (5,868 firms) on its platform. But the exchange’s own will trade on the rival (NSE).

The owns and operates the popular exchange platform and has a 14 per cent market share in the “equity cash” segment.

The $1.71 trillion market capitalisation of listed companies on its platform makes it the 10th largest exchange in the world by market capitalisation.

As of last Friday, the total market capitalisation of BSE-listed companies was Rs 11,023,189 crore with scrips of 2,897 companies being traded during the day’s trade session.

The company operates in multiple segments such as listings, securities services, corporate services and data dissemination.

In addition, the stock exchange major holds a 50.05 per cent stake in Central Depository Services (India) and 100 per cent stake in Indian Clearing Corporation.

Currently, the top shareholders of the company include Deutsche Boerse, Singapore Exchange, State Bank of India, Life Insurance Corporation of India, GKFF Ventures, Quantum (M), Caldwell India Holdings Inc. and Atticus Mauritius.

The global co-ordinators and book running lead managers to the offer are Edelweiss Financial Services, Axis Capital, Jefferies India and Nomura Financial Advisory and Securities (India)