‘vea017 BSE IPO breaking he ee for CY 2017 | Dilip Davea| Pulse | Lrkedn rs ru BSE IPO breaking the ice for CY 2017 Prblished on Jruary37, 2017 Dip Dvds | otowr, oe sea tecresuerunay On 3 After demanetization, the market went for tail spin Il acti in the primary market. However, the long waited IPO of BSE is taking a lead to break the ice for CY 2017 as well as final quarter of FY16-17 as the first main board 1r0. BSE LTD (erstwhile known as The Bombay Stock Exchange) is the premierand the oldest stock exchange of Asia (established on 9th July 1875) and has become the most trustworthy brand as faras stock market is concerned and has became the synonyms with its Sensex and Dalal Street ‘Today BSE is the world’s largest exchange by number of listed companies (5.329), India’s largest and work!’s 1th largest exchange by way of market capitalization, with US$ 1.7 trillion in total market capitalizatien of all listed companies and the world’s fastest stock exchange. It has nowalso beccme the first stock exchange to go public in India and has thus become the first mover. BSE has diversified products for trading is also providing TT services and solutions, listing business, marketing business, data business ete. ‘Toexplore valuations of its stakeholders and listing benefits, BSE is coming cut with its maiden IPO of 15427197 equity share of Rs. 2 each through offer fer sale by existing stakeholders via book building route wit a price band of Rs. £05-806. BSE will mobilize Rs. 1241.89 to Rs, 1243.43 crore (based on lower and upper price band), Issue ‘opens for subscription on 23.01.17 and will close on 25.01.17. Minimum application is tobe made for 18 stares and in multiples therean, thereafter Post allotment shares will be listed on NSE only. Hence investors who are nat having registration for NSE brokers will need to go fer NSE registration provess fer trading and/cr investing in this share hipunwuirkedin com pulses: po-breaking-Ice-cy-2017-dlip-davda?rk=p-food-artiletile-pulish 19‘vea017 BSE IPO breaking he ee for CY 2017 | Dilip Davea| Pulse | Lrkedn 3 Sexcn for pps ons, companies, an mow. a oe ey ase Sevag pa Pg ge BSE has issued shares at a price of Rs, $200 pershare in May 2007and April 2008and at Rs, 383.30 per share in June 2015 (fer Re. 1 paid up) to foreign investors/strategic partnersand has also issued bonus shares inthe ratio of 12 shares for every I share held. For FY 16 it has paid dividend of 750% and hopes to maintain simiar dividend policy post listing (On performance front. (cn consolidation basis) BSE has posted tctal revenue /net Profit of Rs, 529.82 er. /Rs, 159.44 er (FY 14), Rs. 624.75 er /Rs. 151.35 et. (FY1S) and Rs, 658.27 er. /Rs. 159.15 er(FY16), For HI of current fiscal it has posted net Profit of Rs, 124.75 cr. on total revenue of Rs. 38347 er. As this offer is secondary one, equity stands at Rs. 10.74 er. If weannualize latest earnings and attribute it on the equity, asking price isat a P/E of arcund 17 plus. As there is no peers to compare with and this being the first mover listing candidate in the segment. it will generate fancy going forward post listing. Global coordinators and BRLMs to this offerare Edelweiss Financial Services Ltd, Axis Capital Ltd., Jefferies India Pvt Ltd, Nimura Financial Advisory and Securities (India) Pvt Ltd., Motilal Oswal Investment Advisors Pvt Ltd.. SBI Capital Markets Ltd, SMC Capital Ltd., Co-BRIM is Spart Capital Advisors (India) Pvt Ltd. Karvy (Computershare Pvt Ltd is the registrar to the issue. On BREMS front. eight merchant bankers associated with the offer have handled 34 ‘sues in past three Years out of which 10 issues closed below the issue price on listing day. Note: As the issue will be listed only on NSE post allotment, those keen in trading and cor buying/selling this issue have to opt for NSE broker registration Conclusion: Investors may consider medium to Jong term investment in this first mover premier stock exchange offer. DISCLAIMER: No financial information whatsoever published anywhere here should be construedas an offer to buy or sell securities, or as advice to do so in any ‘way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions, Readers must consult a qualified financial advisor prior to ‘making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Above information is based on RHP and other documents available as of date coupled with market perception, Author has no plans to invest in this offer. (SEBI registered Research Analyst-Mumbai). De © Reportthis hipunwuirkedin com pulses: po-breaking-Ice-cy-2017-dlip-davda?rk=p-food-artiletile-pulish 28.‘vea017 BSE IPO breaking he ee for CY 2017 | Dilip Davda| Pulse | Lrkedtn Be serentor es Sevag pip Png ‘comments I | tae sertnoutsnee Don't miss more articles by Dilip Davda CPSE ETF FFO opens on 17.01.2017 ‘Second CPSE ETF offer round thecomer Josh Foundation's initiatives laude Dilip Cavdz en Linkedin DipDavd20n Linked Diip Dade on Liked Looking for more of the latest headlines on LinkedIn? 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