New Delhi: Eliciting robust demand, BSE's Rs 1,243 crore initial public offer got oversubscribed 51 times, as the first share sale by a domestic stock exchange saw bids worth over Rs 44,000 crore on the last day Wednesday.


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The IPO, which is also the first this year, received bids for 55,23,34,986 shares against the total issue size of 1,07,99,039 shares, as per data available with the NSE till 1930 hours.


The portion set aside for qualified institutional buyers (QIBs) was oversubscribed nearly 49 times and that of non institutional investors a staggering 159 times. Retail investors category was also oversubscribed 6 times, sources said.


More than 11.31 lakh applications were received for the IPO where the price band is fixed at Rs 805-806 per share. The offer, also the first after demonetisation, has attracted 1 million plus applications as also the first one so far this fiscal where the subscription is more than 50 times.


RBL Bank too had seen over 50 times subscription for its IPO earlier this financial year.


During the initial share sale -- which is also a first by any company this year -- shareholders will sell 15.43 million shares estimated to be worth around Rs 1,243.44 crore at the higher end of the price band.


The IPO of 15,427,197 shares of face value of Rs 2 each will constitute up to 28.26 percent of the fully-diluted post offer issued share capital of BSE.


Bids for the issue can be made for a minimum of 18 shares and in multiples of 18 thereafter.


Last Friday, BSE had raised Rs 373 crore by allotting shares to anchor investors. BSE shares will be listed on NSE as Sebi rules do not allow self-listing for an exchange.


Capital market regulator Sebi had given its final go-ahead to the draft prospectus for the IPO on December 30.