Retail investors showed faith in the initial public offering (IPO) of Asia’s oldest stock exchange, BSE Ltd, bidding for 86 per cent of the portion reserved for them, ensuring that the half of the IPO was subscribed on day one.
Institutional investors bid for 16.5 per cent of their portion, while high-net-worth individuals placed bids for 12 per cent.
On Saturday, anchor investors had been earmarked 46,28,158 equity shares by BSE at a price of ₹806 per share, totalling ₹373 crore, a statement said.
The IPO, which closes on Wednesday, is an offer-for-sale of up to 15,427,197 equity shares with a face value of ₹2 each in a price band of ₹805 to ₹806 per equity share.
It constitutes up to 28.26 per cent of the fully diluted post-offer issued share capital of BSE. Bids can be made for a minimum of 18 equity shares and in multiples of 18 thereafter. The global co-ordinators and book running lead managers are Edelweiss, Axis Capital, Jefferies India, and Nomura.