Stellar BSE debut to boost NSE's IPO prospects and valuation

The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore

Stellar debut by Asia's oldest bourse company, BSE, may augur well for the coming IPO of National Stock Exchange (NSE), and may boost its valuations as investors show strong faith in the exchange business. IPO is initial public offering of shares.

"BSE's strong debut will work in NSE's favour," said Dara Kalyaniwala, vice-president, investment banking, Prabhudas Lilladher. "The merchant bankers pricing and marketing the issue will be guided by the response given to a company in a similar line of business (in this case, BSE)."

Last week, BSE listed at a 34 per cent premium to its issue price of