MUMBAI: BSE , Asia's oldest bourse, will become the first stock exchange to list in India on Friday. Analysts expect the bourse to make a strong debut on the NSE after its initial public offering (IPO) of Rs 1,243 crore received subscription of 51 times, the highest for any issue in several months. The IPO was entirely an offer for sale by 302 existing investors, including Singapore Exchange and Atticus Mauritius. The issue received bids for 55.20 crore shares compared to the 1.08 crore shares on offer, excluding the anchor investors portion. BSE is also likely to benefit from the value unlocking through listing of subsidiary Central Depository Services, in which the exchange has 50% stake, analysts said.

Source: Economic Times February 03, 2017 03:07 UTC