BSE IPO Price Band Fixed to Rs.805-806

Vijay Prajapati
January 16, 2017

Vijay Prajapati

BSE IPO is been awaited for last few weeks and here is comes. BSE IPO price was estimated around 800-850 rupees while they just fixed the same at Rs.805-806. The gap of just 1 rupee it means they are very much confident about their subscription.

BSE IPO floor price is 402.5 times of the face value while cap price is 403 times. The BSE IPO face value is Rs.2. BSE India has 9000 share holders in which most of are brokers. They will surely get a chance to exit at higher rates. The domestic financial institutions and foreign investors acquired shares over the years they will also got a good price in their hand.

BSE IPO to open from January 23 and closes on January 25. As the grey market is active it shows the BSE IPO might list at premium of Rs.100 plus. As the first two days of BSE IPO subscription will give more confident to the investors whether to go with it or not.

As per the current market situations BSE IPO is a safe bet as per the price band. The valuations of the company is been on a safer side so investors will surely bet for this. One can subscribe for 18 shares at higher price band.

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 are current shareholders.

The NSE India is already geared up for their one of the biggest IPO of India of Rs.10000 crores. Still the dates are not came but investors will surely look at them closely.

BSE IPO Dates & Price Band:

IPO Open: 23-January-2017
IPO Close: 25-January-2017
IPO Size: Approx Rs. 1350 Crores
Face Value: Rs. 2 Per Equity Share
Price Band: Rs. 805 to 806 Per Share
Listing on: NSE