Sensex will close 3 month high , Market will beats the bears
The data revealed that the IPO received a healthy response from the Retail Individual Investors (RIIs), who oversubscribed it by 3.79 times.
Besides, the Qualified Institutional Buyers (QIBs) sent in bids for 13,88,484 shares or 0.45 times of the quota limit of 30,85,440 shares till 11.00 am.
BSE shares will be listed on NSE as SEBI rules do not allow self-listing for an exchange.
Among the existing BSE shareholders are Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, Mauritius-based arm of American investor George Soros’ Quantum Fund and foreign fund Atticus.
BSE is the world’s largest exchange by number of listed companies. It is India’s largest and the world’s 10th largest exchange by market capitalisation.
The market capitalisation of BSE-listed companies stands at Rs 1,10,23,189 crore.