Mumbai, January 17, 2017 (GPN) : BSE Limited (the“Exchange” or “Issuer” or “BSE”) proposes to open on Monday, January 23, 2017, an initial public offering of up to 15,427,197 equity shares of face value Rs. 2 each (“Equity Shares”) at a Price Band from Rs. 805 to Rs. 806 per Equity Share (including a share premium) consisting of an Offer for Sale by persons listed in Annexure A (the “Offer”) of the Red Herring Prospectus dated January 11, 2017, filed with SEBI (“RHP”). The Offer shall constitute up to 28.26% of the fully diluted post-Offer issued share capital of BSE.
The Offer will close on Wednesday, January 25, 2017. BSE, in consultation with the Managers, may consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“ICDR Regulations”). The Anchor Investor Bidding Date shall be one Working Day prior to the Offer Opening Date; i.e., January 20, 2017. Bids can be made for a minimum of 18 Equity Shares and in multiples of 18 Equity Shares thereafter.The Global Co-ordinators and Book Running Lead Managers (“GCBRLMs”) to the Offer are Edelweiss Financial Services Limited, Axis Capital Limited, Jefferies India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited. The Book Running Lead Managers (“BRLMS”) to the Offer are Motilal Oswal Investment Advisors Private Limited, SBI Capital Markets Limited and SMC Capitals Limited. The Co-Book Running Lead Manager (“Co-BRLM”) to the Offer is Spark Capital Advisors (India) Private Limited.
In terms of Rule 19(2)(b) of the Securities Contracts Regulations Rules, 1957, as amended (“SCRR”) read with Regulation 41 of the ICDR Regulations, and in compliance with Regulation 26(1) of the ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIB”). Provided that BSE in consultation with the Managers, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation on a proportionate basis to Retail Individual Investors, in accordance with the ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Bidders, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks (“SCSBs”), to participate in this Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.
The Equity Shares offered through the RHP are proposed to be listed on NSE.
All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the RHP.
The RHP will be available on the websites of SEBI and NSE at www.sebi.gov.in and www.nseindia.com, respectively, and at the websites of the GCBRLMs to the Offer at www.edelweissfin.com,www.axiscapital.co.in, www.jefferies.com andwww.nomuraholdings.com/company