BSE likely to file draft IPO prospectus early next month

BSE likely to file draft IPO prospectus early next month

PTIUpdated: Thursday, May 30, 2019, 01:07 PM IST
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Mumbai:  Leading bourse BSE is targeting to file draft papers with capital markets regulator Sebi for its much-awaited initial public offer (IPO) by early next month. BSE is looking to raise about Rs 800 crore from its initial share-sale programme, which is expected to be entirely an offer for sale (OFS).

As per sources, the exchange plans to file IPO papers with Sebi in early September to mop-up around Rs 800 crore. As many as three crore shares are estimated to have been tendered by the BSE shareholders for the offer for sale in the proposed IPO, earlier this week.

The exchange has set up an escrow account wherein shareholders can tender shares for the OFS in the proposed IPO. Asia’s oldest bourse, which earlier this year received in-principle approval from markets regulator Sebi to list its shares, plans to sell up to 30 per cent stake in IPO, reports PTI.

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