Live Markets »News & Advice»IPO News»IPO News Details
IPO News Details

BSE may list in 2013

BS Reporter/Chennai 14 Aug 12 | 12:55 AM

The country’s premier stock exchange Bombay Stock Exchange (BSE) on Monday said it had set up a committee to process its proposed initial public offering (IPO). The exchange said it may list during the next calendar year.

Ashishkumar Chauhan, interim chief executive officer, BSE Limited, said, “We are working on the process to get listed in the Indian stock exchanges. We have set up an IPO committee and we are in the process. We hope to get listed in the first or second quarter of calender year 2013."

Related Stories

    No Related Stories Found
Widgets Magazine

He added, the Exchange is looking at listing in one of the stock exchanges and is in the process of preparing a draft red herring prospectus (DRHP).

“We are a cash-rich exchange and want to give our investors an exit route. An IPO would be the best option for them," he added.

Currently, broking houses hold around 43 per cent in BSE, followed by foreign institutional investors (FIIs) with 39 per cent and FIs and retail investors the remaining.

According to Securities and Exchange Board of India’s (Sebi) rules, the Exchange needs to dilute up to 25 per cent and it will work out with the existing investors on how to go ahead with this, said Chauhan.

“We want to capitalise on the first QFI investments. A US-based QFI had invested a good amount for equities. We need to attract such investments in a big way. We are facilitating our broking houses to attract such investments in a big way. And towards this, a broking house will set up its office at Dubai and expect to go on stream in early September".

On the launch of the BSE 100 index, he said, it has become a major success and helps broking houses save a whopping Rs 1,200 crore every year. The daily volume has gone up to Rs 35,000-45,000 crore with a market share of over 35 per cent, he added.

Commenting on BSE’s cost competitiveness in the futures and options segment, he said BSE charges Rs 50 for every Rs 1 crore transacted, which is 85 per cent lower than other exchanges. The exchange does not charge any transaction cost for futures, resulting in transaction cost on futures being lower by 22 per cent, he said.


    24 Oct 12 at 10:26 AM
By: Akron graduation cap and gown

I dont know how several days I have been given to spend, but I do feel my hands are obtaining empty.ugg boots clearance?Actually cool web site to assist you get the cheapest cost on god hair straightness across the whole internet as well as present helpful tips, Akron graduation cap and gown

    08 Oct 12 at 06:45 PM
By: Baltimore graduation gowns

Wonderful article, thanks for putting this together! This is obviously one great post. Thanks for the valuable information and insights you have so provided here. Baltimore graduation gowns

    07 Oct 12 at 05:43 PM
By: analytical testing

I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz reply as I'm looking to construct my own blog and would like to find out where u got this from. thanks analytical testing

    08 Sep 12 at 11:44 AM
By: Roller Shades

Thanks for sharing this post I’ve already bookmarked your blog. I can see that you are putting a lot of time and effort into your blog and detailed articles! I am deeply in love with every single piece of information you post here. Will be back often to read more updates. Roller Shades

    06 Sep 12 at 01:27 PM
By: sushi vitacura

There are too many reasons to express the love of your article . My first exposure to such a fine article , with rich content , contains a lot of valuable knowledge. It's good for reads .Thank you for your so wonderful to share . sushi vitacura

    28 Aug 12 at 09:56 AM
By: NHL picks

I think your suggestion would be helpful for me. Some writers make it difficult to understand the point they’re trying to get across. Still, I dont agree with this completely but it brings up some excellent points. NHL picks

    28 Aug 12 at 08:14 AM
By: winning sports picks

Because of technological fashion Oakley Sunglasses Cheap official visit in China sunglasses have the tools not only block the sun, but also Oakley Sunglasses plays another role - decoration. For those who want to have a strong self-expression, Cheap Oakley sunglasses are more able to meet the external needs! winning sports picks

Widgets Magazine


Company Price Gain (%)
Tata Steel565.402.22
Sun Pharma.Inds.578.452.08
ICICI Bank310.202.07
M & M1,417.001.94


Will the economy gain by adopting a January-December fiscal year instead of the existing one that ends on March 31?

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine