Following the initial public offer (IPO) of Asia’s oldest stock exchange BSE, its stock opened for trading on rival NSE with a gap-up of 34 per cent at ₹1,085 a share.The IPO was priced at ₹806 a share.
The scrip touched an intraday high of ₹1,200 a share, and a low of ₹1,065.10 apiece before closing at ₹1,070.55, down 1.33 per cent from its opening price. (There is no previous close for the scrip as trading started on Friday).
Over 1.57 crore shares of BSE were traded on the NSE with a delivery percentage of 38.82.
The IPO saw overwhelming response from all categories of investors. It was subscribed over 51 times the issue size — with institutions subscribing to over 48 times the portion set apart for them, HNIs over 159 times and retail investors over six times their allotted portions.
The IPO was an offer-for-sale of up to 1.54 crore equity shares of face value ₹2 each in a price band of ₹805-806 an equity share, constituting up to 28.26 per cent of the fully diluted post-offer issued share capital of BSE.
The global coordinators and book running lead managers were Edelweiss, Axis Capital, Jefferies India and Nomura. The book running lead managers were Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capital, while the co-book runner was Spark Capital Advisors (India).