BSE's Rs 1,500-crore IPO to open on Jan 23; to list on NSE

NSE had filed draft papers with Sebi last month for an estimated Rs 10,000 crore IPO

BSE, Asia’s oldest bourse, will launch its much-awaited Rs 1,500-crore Initial Public Offering (IPO) on January 23.

The shares are expected to list on rival National Stock Exchange (NSE) on or around February 3.

The IPO, which would open on January 23, closes on January 25, according to Red Herring Prospectus (RHP) filed by BSE with markets regulator Sebi. The public offer of BSE will see sale of 1.54 crore shares by the existing shareholders through the offer for sale (OFS) route. This works out to close to 30 per cent of the total holding.

Among the existing shareholders are Bajaj Holdings Investment,