Indian Share Market Trend : BSE

3 comments
BSE may list shares in first half of 2013
One of the country’s premier stock exchanges, Bombay Stock Exchange, has set up a working committee to process its proposed initial public offering (IPO).

According to Ashishkumar Chauhan, Interim CEO of the "cash-rich" Exchange, said the committee is in the process of preparing a red herring prospectus and fine tuning other formalities. “The company may get listed in the first or second quarter of calendar 2013,” he said.

According to him, the idea of IPO is to give an exit route for its existing investors, rather than mobilising funds, and hence “it will be an offer for sale.”

At present, various broking houses hold over 43% stake in the company, followed by institutional investors with close to 40% and the remaining stake is held by some retail investors.

Under the current regulation, BSE needs to dilute up to 25% stake, and the committee will work out an elaborate plan on how to go about this, said Chauhan.

On BSE’s efforts to attract QFIs (qualified foreign investors), he said the exchange encourages and facilitates setting up of offices abroad by broking companies. BSE is the first Indian stock exchange to ring in the first QFI transaction (by a US-based investor) in June. One of its broking houses is now setting up an office in Dubai and is likely to go on stream by September this year.

Talking about BSE’s competitiveness in terms of transaction cost in the futures and options segment, Chauhan said the exchange charges just Rs 50 for every Rs 1 crore transacted in Options. This results in option trading cost on BSE being 85% lower than other exchanges. It does not charge any transaction cost for futures.

3 Responses so far

  1. Good Blogs,Your blog is very useful for a fresh users, Keep it up.

  2. Its good to be here, very nice post, the content is amazing, keep posting friend it will be very helpful for everyone, Thanks for sharing. I really liked it.you can also read Check nifty

  3. Unknown says:

    Looking for some quick returns on investment? Just invest in NSE, BSE or MCX listed stocks and commodities and feel the difference. Free trial available

Followers

Blogger news

What We Provide

We give Intraday Stock Tips, Markets Outlook, Nifty Tips Tomorrow, Futures Options Tips, Bank Nifty Tips, MCX Commodity Tips..

Free Trial Tips On Mobile By SMS

Subscribe us to get FREE TRIAL in stocks & commodity tips on your mobile by sms. We offer 2 days Free Trial for stock tips and commodity tips....... 2 Days Free Trial

Classified Ad Listing

FREE MCX and NCDEX DAILY TIPS ON MOBILE BY SMS
Get Daily MCX and NCDEX tips with more than 90% accuracy on your MOBILE phone by SMS. We provide sure shot MCX and NCDEX Commodity tips with atleast 3-5% return on an intraday trading basis.
Free Trial

Disclaimer

This blog is not intended as professional advice. The author disclaims any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.