Incorporated in 2005, BSE (formerly known as the Bombay Stock Exchange) is the first Indian Stock Exchange of India which started its operations over a century ago. The company’s head office is located on Dalal Street in Mumbai.
With the formation of BSE, numeration remarkable changes and adaptations were made in the Indian Securities Market in order to align the segment with international customs.
Bombay Stock Exchange was founded by Premchand Roychand in 1875. And as of today after more than 125 years, BSE is one of the largest stock exchanges in the world by Market Capitalization. BSE was also the first Stock Exchange in Asia when it was established.
BSE Limited is the functionary of the BSE Exchange (Bombay Stock Exchange), regarded as India’s largest stock exchange by the number of companies listed. Over 5000 companies are listed on BSE, the highest in any exchange around the world.
BSE offers trading in Equity, Debt Instruments, Derivatives, Mutual Funds, and SME Equity. BSE also offers services including risk management, clearing, settlement, market data services, IT services and solutions, licensing index products such as the S&P BSE SENSEX, and financial & capital markets training.
BSE
BSE Buyback July 2023 Detail
| Issue Period | September 21, 2023 – September 27, 2023 |
| Security Name | BSE Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 3,470,370.00 |
| Issue Size (Amount) | ₹374.80 Crores |
| Buyback Price | ₹1080 per share |
| Face Value | ₹2 per share |
| Listing At | NSE |
BSE Buyback July 2023 Issue Timetable
| Last Date to buy shares | September 13, 2023 |
| Record Date | September 14, 2023 |
| Offer Opens On | September 21, 2023 |
| Last Date for receipt of Tender Forms | September 27, 2023 |
| Offer Closes On * | September 27, 2023 |
| Finalisation of Buyback Acceptance | October 4, 2023 |
| Last Date for settlment of bids | October 5, 2023 |
| Last Date for Extinguishment of Shares | October 16, 2023 |
* Last Date to Tender shares on Zerodha : September 26, 2023
Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date. | 520,556.00 |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date. | 2,949,814.00 |
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 4,475.77 | 4,627.08 | 6,185.40 | 5,993.81 |
| Revenue | 630.00 | 654.65 | 863.53 | 953.94 |
| Profit After Tax | 120.61 | 141.70 | 244.93 | 205.65 |
| Net Worth | ||||
| Reserves and Surplus | 2,406.39 | 2,473.64 | 2,613.13 | 2,648.25 |
| Total Borrowing |
Amount in ₹ Crore
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2023 | 1,084.90 | 804.00 | 893.05 |
| Jul-2023 | 814.00 | 611.75 | 733.72 |
| Jun-2023 | 624.30 | 551.45 | 579.01 |
Necessity of the Issue
The proposed Buy-back will help the Company achieve the following objectives:
- To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
- The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
- The Buy Back may help in improving return on equity.
- The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.
BS.
Company Contact Information
BSE Limited
26th floor, Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001
Phone: 91-22-22721233/4
Email: corp.comm@bseindia.com
Website: https://www.bseindia.com/index.html