Markets regulator Securities and Exchange Board of India (Sebi) has given the BSE a go-ahead to launch its IPO, paving the way for Asia’s largest bourse to list its shares on the National Stock Exchange. The stock exchange is looking to raise Rs 13,000 crore from the markets
The BSE had filed its Draft Red Herring Prospectus (DRHP) in September and has completed its road shows abroad for the IPO.
When listed, the bourse’s shares will be listed on the NSE. This is because so far, the Sebi doesn’t allow self-listing of shares. In the IPO offer, Singapore Exchange, one of the stakeholders in the bourse, is likely to sell of its entire 4.7% stake.
Once its shares are listed, BSE would become the first Indian stock exchange to list its shares. The bourse has picked Axis Bank, Edelweiss, Jefferies and Nomura as joint coordinators. SBI Capital Markets, SMC Capitals, Motilal Oswal, Spark Capital are the book runners.