BSE IPO fully subscribed on second day of offer

On the second day of offer BSE's initial public offering (IPO) was fully subscribed which started on Monday. 

As per NSE data, BSE IPO received demand for all shares offered at 1330 hours. The total issue size was 1,07,99,039 and the total bids received was 1,08,89,568 shares. 

Earlier, the stock exchange major had allocated 4,628,158 equity shares to `Anchor Investors` worth Rs 373 crore.

The company allocated the equity shares 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 is the first issue to hit the markets in 2017.

The BSE owns and operates the popular BSE exchange platform and has a 14% market share in the "equity cash" segment. 

In addition, the stock exchange major holds a 50.05% 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).

(With IANS inputs)