BSE Limited, widely recognized as the Bombay Stock Exchange, is one of Asia's oldest and most esteemed stock exchanges. Established in 1875 by visionary Premchand Roychand, it has been instrumental in shaping India's financial landscape. Listed under the ticker symbol BSE on the National Stock Exchange (NSE), its shares have garnered significant attention. On November 29, 2024, the stock price surged by ₹114.05 (2.49%), closing at ₹4,688.00, reflecting robust investor confidence.
About BSE Limited
- Founded: 9 July 1875
- Founder: Premchand Roychand
- Headquarters: Dalal Street, Mumbai
- CEO: Sundararaman Ramamurthy (since January 4, 2023)
- Employees: 518 (as of 2024)
- Subsidiary: Indian Clearing Corporation Limited (ICCL)
As the home of the Sensex, its benchmark index, BSE Limited symbolizes India's economic health. Its headquarters on the iconic Dalal Street in Mumbai serves as a trusted hub for financial trading.
BSE Limited Stock Performance
The recent performance of BSE Limited highlights its market strength and growth trajectory.
| Metric | Value |
|---|---|
| Closing Price | ₹4,688.00 |
| Price Change | +₹114.05 (+2.49%) |
| Opening Price | ₹4,613.00 |
| Day’s High | ₹4,708.80 |
| Day’s Low | ₹4,586.50 |
| Previous Close | ₹4,573.95 |
| Market Cap | ₹65,150 Crores |
| P/E Ratio | 77.84 |
| Dividend Yield | 0.32% |
| 52-Week High | ₹4,989.80 |
| 52-Week Low | ₹1,941.05 |
The company’s stock price, nearing its 52-week high, underscores its robust market position.
BSE Limited IPO: A Historic Milestone
BSE Limited made history as the first Indian stock exchange to go public in January 2017. Its IPO set benchmarks for market success, showcasing immense trust in its legacy.
| Aspect | Details |
|---|---|
| IPO Opening Date | January 23, 2017 |
| IPO Closing Date | January 25, 2017 |
| Listing Date | February 3, 2017 |
| Issue Price | ₹805-₹806 per share |
| IPO Size | ₹1,243 Crores |
| Subscription | 51x oversubscribed |
The IPO shares debuted at ₹1,085 per share, offering a 30% premium to investors.
Notable Milestones
- Historic IPO:
In January 2017, BSE became the first Indian stock exchange to go public. Its IPO was a resounding success, being oversubscribed by 51 times and offering a listing premium of over 30%. - Technology Leadership:
BSE operates one of the fastest trading platforms globally, with a response time of 6 microseconds, ensuring seamless transactions for traders and investors. - Innovations:
BSE has pioneered platforms for SME listings, mutual funds, and corporate bonds, promoting financial inclusion and supporting emerging businesses.
Why BSE Limited is a Strong Investment
- Diversified Revenue Streams: From listing fees to transaction charges, BSE has a stable income model.
- Dividend Payouts: The company maintains a consistent track record of rewarding its shareholders.
- Technological Advancements: Its cutting-edge trading platforms ensure efficiency and security.
- Market Leadership: As the first stock exchange in Asia, BSE carries an unmatched legacy.
Investor Base
With over 12 crore (120 million) registered investors, BSE boasts one of the world's largest investor bases. It serves as a trusted platform for both retail and institutional participants.
Future Prospects of BSE Limited
With a focus on financial inclusion, support for SMEs, and cutting-edge technology, BSE Limited is positioned for long-term growth. Its initiatives align with India's expanding financial ecosystem.
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