With strong stock markets in India over the last year, there has been a boom on IPOs.  Fresh issuers such as RPL and Ujjivan Financial Services stocks have surged after the IPO debuts due to the financial setor booming.

This brings in the long awaited BSE IPO.  The Bombay Stock Exchange, the country’s second largest stock exchange has filed for an Initial Public Offering seeking to list its stock on the larger compatriot NSE bourse.

Current Shareholders viz. Singapore Stock Exchange is expected to sell upto 29.95 Million shares, which is nearly 27.9% stake in the giant bourse.  Of the 107.35 million shares in BSE, trading members hold about 52.3 million shares, or 48.7 percent with the rest held by Deutsche Boerse AG, Singapore Exchange and a group of foreign portfolio investors, insurance firms and individuals.

Reports had previously suggested that Asia’s oldest exchange was likely to raise approximately $150 Million for its long time investors, some of whom are looking to sell their stake and move on.

Around $909 Million is expected to be raised by ICICI as it sells its stake in ICICI Prudential Life Insurance, in what is expected to be the biggest IPO locally since 2010.

Though BSE possesses most listings in the world with more than 5,900 listed companies, it has however been dwarfed in trading volumes by the NSE, especially after the introduction of derivates based trading.

BSE Results for quarter ended June 2016 boasted a total income of Rs.1.65 Billion against a net profit of Rs. 527 Million.

Rival NSE said in June it would will file for a domestic initial public offering (IPO) by January, and would also pursue one abroad.