BSE public offer size likely at Rs 400-1k cr

The public offer of the country’s premier bourse BSE could range between Rs 400 crore and Rs 1,000 crore.

“It is difficult to say anything right now, but it could range anywhere between Rs 400 crore to Rs 1,000 crore,” BSE Managing Director and CEO Ashishkumar Chauhan said.

He said a clear picture on the issue would emerge only after BSE received Sebi approval and discussions held with merchant bankers.

BSE, Asia’s oldest bourse hoped to hit the market after 5-6 months following approval by the regulator. Listing was decided at the time when the exchange was demutualised.

It has 7,000 shareholders broadly constituting 40 per cent from the broking community, 30 per cent from foreign institutions, including foreign bourses and the remaining 30 per cent from domestic non-broking institutions.

The country’s leading bourse was planning to use Offer for Sale (OFS) route to hit the market. BSE had applied with the regulator in January and was awaiting clearance. According to reports, BSE has sought exemptions from certain clauses from Sebi which were coming in the way of early approval from regulators.