REPORT

ON
INITIAL PUBLIC OFFER (IPO)



SUBMITTED TO: SUBMITTED BY:
MR.ANIL GHAI (AGM) KISHORE YEOLEKAR
MINHAJ SHER KHAN

In this report you can understand/cover the following main points:
To understand what is an IPO.
To understand why company go for public.
To understand the different types of issues.
To understand the initial eligibility criteria for IPO.
To understand the intermediaries involves in the IPO process.
To understand the various initial IPO process.

Chapter-1
This chapter gives an idea about the IPO and company raises money to fund their
activities.
OVERVIEW ABOUT IPO
The IPO Companies In India Are Growing Every Year. Several Companies Are
Launching IPO For Raising Money To Fund Their Growth Plans. The Past Few
Years Have Witnessed The Growth In The IPO Companies In India. The Main
Purpose Of The Initial Public Offering (IPO) Is To Launch The Issue Of Equity
Shares To The Public At A Fixed Price Band. With The Rapid Economic Growth
Of The Country And Several Changes In The Policy Structure, The Capital Market
Was Completely Transformed. The IPO Has Helped The Companies To Churn Out
Money And Utilize It In Developmental Projects And Ventures Such Infrastructure
Based Projects, Output Expansion Programs, Acquisitions And Mergers, Etc.The
Central Government Agency, Which Regulates The IPO Companies,The Securities
Exchange Board Of India (SEBI).
WHAT IS AN IPO
An Initial Public Offering, Or IPO, Is The First Sale Of Stock By A Company To
The Public. A Company Can Rise Money By Issuing Either Debt Or Equity. If The
Company Has Never Issued Equity To The Public, It's Known As An IPO.
Companies fall into Two Broad Categories:--Private and Public.

A Privately Held Company Has Fewer Shareholders And Its Owners Don't Have
To Disclose Much Information About The Company. Anybody Can Go Out And
Incorporate A Company: Just Put In Some Money, File The Right Legal
Documents And Follow The Reporting Rules Of Your Jurisdiction. Most Small
Businesses Are Privately Held But large companies can be private too
it usually isn't possible to buy shares in a private company. You can approach the
owners about investing, but they're not obligated to sell you anything. Public
companies, on the other hand, have sold at least a portion of themselves to the
public and trade on a stock exchange. This is why doing an IPO is also referred to
as "going public." Public companies have thousands of shareholders and are
subject to strict rules and regulations. They must have a board of directors and they
must report financial information every quarter. In the United States, public
companies report to the Securities and Exchange Commission (SEC). In other
countries, public companies are overseen by governing bodies similar to the SEC.
From an investor's standpoint, the most exciting thing about a public company is
that the stock is traded in the open market, like any other commodity. If you have
the cash, you can invest. The CEO could hate your guts, but there's nothing he or
she could do to stop you from buying stock.

Chapter-2

WHY COMPANY GO FOR PUBLIC

After reading about IPO, now you should be able to understand why companies go
for public

The increase in the capital:
An IPO allows a company to raise funds for utilizing in various corporate
operational purposes like acquisitions, mergers, working capital, research and
development, expanding plant and equipment and marketing.
Liquidity:
The shares once traded have an assigned market value and can be resold. This is
extremely helpful as the company provides the employees with stock incentive
packages and the investors are provided with the option of trading their shares for a
price.
Valuation:
The public trading of the shares determines a value for the company and sets a
standard. This works in favour of the company as it is helpful in case the company
is looking for acquisition or merger. It also provides the share holders of the
company with the present value of the shares.
Increased wealth:
The founders of the companies have an affinity towards IPO as it can increase the
wealth of the company, without dividing the authority as in case of partnership.




MAJOR IPOS IN INDIA

Chapter-3
ELIGIBILITY CRITERIA FOR IPO
After reading the above chapter, you should be able to understand, what the
eligibility criteria of companies for issuing IPO in case of large cap company and
small cap company or both.

The following eligibility criteria have been prescribed for the companies seeking
permission to get listed on the stock exchange.
The companies are classified into two categories: Large Cap and Small Cap. A
company is treated as a large cap company if the issue size is greater than or equal
to Rs 10 crore and Market capitalization of not less than Rs 25 crore.
A) In case of Large Cap Companies
The minimum post-issue paid-up capital of the applicant company shall be Rs.
3 crore.
The minimum issue size shall be Rs. 10 crore; and
The minimum market capitalization of the Company shall be Rs. 25 crore
(market capitalization shall be calculated by multiplying the post-issue paid-up
number of equity shares with the issue price).

Authorized capital is the amount for which a company has got the authorization
from the regulatory body to raise through the issue. A company may or may not
want to raise the full amount of authorized capital. Issue size is the amount that a
company wants to raise funds through the issue. Its always less than or equal to
authorized capital.
Part payment facility may be available for the investors who want to subscribe to
an issue. Post-issue paid-up capital is the value of subscriptions (including
promoters holding) paid at the end of issue date. This will be less than issue size if
the total subscriptions are less than the offered shares or when there is part
payment facility available for the issue.
Market capitalization is the product of number of shares outstanding (including
promoters holding) and the market price. In an IPO before the first day of listing
the market price is the issue price.


B) In respect of Small Cap Companies
The minimum post-issue paid-up capital of the Company shall be Rs. 3 crore
The minimum issue size shall be Rs. 3 crore
The minimum market capitalization of the Company shall be Rs. 5 crore
(market capitalization shall be calculated by multiplying the post-issue paid-up
number of equity shares with the issue price)
The minimum income/turnover of the Company shall be Rs. 3 crore in each of
the preceding three 12-months period
The minimum number of public shareholders after the issue shall be 1000.
A due diligence study may be conducted by an independent team of Chartered
Accountants or Merchant Bankers (Investment Bankers) appointed by BSE, the
cost of which will be borne by the company. The requirement of a due diligence
study may be waived if a financial institution or a scheduled commercial bank
has appraised the project in the preceding 12 months.

In addition to this, the issuer company should have a post issue net worth (equity
capital + free reserves excluding revaluation reserve) of Rs 20 crore.

c) For all companies
In respect of the requirement of paid-up capital and market capitalization, the
issuers shall be required to include in the disclaimer clause forming a part of the
offer document that in the event of the market capitalization (product of issue
price and the post issue number of shares) requirement of BSE not being met,
the securities of the issuer would not be listed on BSE.
The applicant, promoters and/or group companies, shall not be in default in
compliance of the listing agreement.
The above eligibility criteria would be in addition to the conditions prescribed
under SEBI (Disclosure and Investor Protection) Guidelines, 2000.



D) Minimum Public Shareholding

If the issuers post issue market capitalization is more than Rs 4000 crore then
issuers can consider an IPO size of 10% of post issue capital
Every listed company should maintain public shareholding of at least 25%.
Issuers diluting less than 25% via the IPO are required to comply with
minimum public shareholding of 25% within three years of the rate of the IPO
listing.
Under the listing agreement, compliance with the minimum public shareholding
can be carried out via an offer for sale through stock exchange mechanism, an
institutional placement program or a follow on public offerings.
However, if issuers post market issue market capitalization is less than Rs 4000
crore, then IPO size of at least 25% of post issue capital is required.
PSUs are required to maintain minimum public shareholding of 10% instead of
25% required by other companies.





Chapter-4
INTERMEDIARIES INVOLVE IN IPO PROCESS
After reading the above chapter, you should be able to understand, what are the
intermediaries involve in IPO process.

INTERMIDIARIES
IN IPO PROCESS ROLE
BOOK RUNNING LEAD
MANAGERS (BRLM'S)
OVERALL ISSUE MANAGEMENT
MARKETING,
PRICING,
CO-ORDINATION EXECUTION,
FILLINGS WITH THE SEBI
DOMESTIC LEGAL COUNSEIS
(FOR UNDERWRITER +
ISSUER)
ADVERTISING ON STRUCTURE,
DUE DILIGENCE,
DOCUMENTATION/DRAFTING,
REVIEWING AGREEMENT BETWEEN ISSUER,BRLM'S AND
OTHER INTERMEDIARIES,
PROVIDING LEGAL OPINION
INTERNATIONAL LEGAL
COUNSEL
DUE DILIGENCE,
NEGOTIATION OF COMFORT LETTERS WITH AUDITORS,
DRAFTING OF SPECIFIC SECTION(INDUSTRY, BUSINESS,
RISK FACTORS, MD&A),
DRAFTING INTERNATIONAL WRAP AND PROVIDING LEGAL
OPINIONS,
ADVICE ON COMPLIANCE WITH INTERNATIONAL
REGULATIONS, PUBLICITY AND ROADSHOWS PROCESS,
SELLING RESTRICTION, RESEARCH GUIDLINES, PFIC/
INVESTMENT COMPANY ACT
AUDITORS REVIEW OF FINANCIAL STATEMENTS, COMFORT LETTERS
REGISTRAR
COLLECTION OF ISSUE SUBSRIPTION DETAIL,
RECONCILIATION,
ALLOTMENT,
SHAREHOLDER REFUNDS,
LIAISON-DESPATCH,
HANDLING QUERIES AND REQUESTS ETC.
MONITORING AGENCY
REPORTING ON USAGE OF PROCEEDS FOR ANY ISSUE
AABOVE RS.500 CRORE
ESCROW BANK
COLLECTION AND REFUND AIDING IN THE COLLECTION OF
BIDS
SYNDICATE BANK AIDING IN THE COLLECTION OF BIDS
IPO GRADING AGENCY ASSIGNING A RATING FOR THE ISSUE
ADVERTISING/ PR AGENCY
STATUTORY AND ANOTHER ADVERTISEMENTS,
MONITORING PUBLICITY IN ACCORDANCE WITH THE ICDR
PRINTER
PRITING OF OFFER DOCUMENTS, FORMS ETC.,

Chapter-5
TYPES OF ISSUES
After reading the above chapter, you should be able to understand what are the
issues raises to the public in the primary market.
Corporate may raise capital in the primary market by way of an initial public offer,
rights issue or private placement. An Initial Public Offer (IPO) is the selling of
securities to the public in the primary market. This Initial Public Offering can be
made through the fixed price method, book building method or a combination of
both.
FIXED PRICE ISSUES
Price at which the securities are offered and would be allotted is made known in
advance to the investors. Demand for the securities offered is known only after the
closure of the issue. 100 % advance payment is required to be made by the
investors at the time of application. 50 % of the shares offered are reserved for
applications below Rs. 1 lakh and the balance for higher amount applications.

BOOK BUILDING ISSUES

A 20 % price band is offered by the issuer within which investors are allowed to
bid and the final price is determined by the issuer only after closure of the bidding.
Demand for the securities offered, and at various prices, is available on a real time
basis on the BSE website during the bidding period. 10 % advance payment is
required to be made by the QIBs along with the application, while other categories
of investors have to pay 100 % advance along with the application. 50 % of shares
offered are reserved for QIBS, 35 % for small investors and the balance for all
other investors.




Chapter-6
PREPARING A COMPANY FOR AN IPO

After reading the above chapter, you should be able to understand how companies
preparing for an IPO and what are the crucial mediators in the IPO process.

Appointment of Underwriter
The Underwriter Is Appointed Who Commit To Shoulder The Liability And
Subscribe To The Shortfall In Case The Issue Is Under-Subscribed. For This
Commitment They Are Entitled To A Maximum Commission Of 2.5 % On The
Amount Underwritten.

Appointment of Registrars
Registrars Process The Application Forms, Tabulate The Amounts Collected
during The Issue And Initiate The Allotment Procedures. Appointment Of The
Brokers To The Issue Recognized Members Of The Stock Exchanges Are
Appointed As Brokers To The Issue For Marketing The Issue. They Are Eligible
For A Maximum Brokerage Of 1.5%.

Appointment Of Lawyers
Lawyers Are Appointed By Company To Ensure That All The Agreements
They Enter Are As Per The Rules And Regulation.

Draft Prospectus
A Draft Prospectus Is Prepared Giving Out Details Of The Company,
Promoters Background, Management, Terms Of The Issue, Project Details,
Modes Of Financing, Past Financial Performance, Projected Profitability And
Others, The Lead Manager Has To Verify And Certify The Facts Stated In The
Draft Prospectus And Ensure That The Company Is Not Making Any False
Claims. Which Is To Be Filed With SEBI 21 Days before IPO, SEBI Gives Its
Observation And Recommends Necessary Changes.



Chapter-7

Going forward from this chapter, you can understand the initial filling of
prospectus, statutory announcement, process of applications, allotments of
shares and how the issues are listed in the stock exchanges.

FILING OF PROSPECTUS WITH THE REGISTRAR OF
COMPANIES

The Prospectus Along With The Copies Of The Agreements Entered Into With
The Lead Manager, Underwriters, Bankers, Registrars And Brokers To The Issue
Is Filed With The Registrar Of Companies Of The State Where The Registered
Office Of The Company Is Located.
Printing and Dispatch Of Application Forms:
The Prospectus And Application Forms Are Printed And Dispatched To All The
Merchant Bankers, Underwriters, And Brokers To The Issue.
Filing Of the Initial Listing Application:
A Letter Is Sent To The Stock Exchanges Where The Issue Is Proposed To Be
Listed Giving The Details And Stating The Intent; Of Getting The Shares Listed
On The Exchange. The Initial Listing Application Has To Be Sent With A Fee Of
Rs. 7,500/-.
Statutory Announcement:
An Abridged Version Of The Prospectus And; The Issue Start And Close Dates
Are Published In Major English; Dailies And Vernacular Newspapers.
Processing Of Applications:
After The Close Of The Public Issue All The Application Forms Are Scrutinized,
Tabulated And Then Shares Are Allotted Against These Application Establishing
The Liability Of The Underwriter: In Case The Issue Is Not Fully Subscribed To,
Then The Liability For The Subscription Falls On The Underwriters Who Have To
Subscribe To The Shortfall.
Allotment Of Shares
The Registrar Finalizes The List Of Eligible Allottees After Deleting The Invalid
Applications And Ensures That The Corporate Action For Crediting Of Shares To
The Demat Accounts Of The Applicants Is Done And The Dispatch Of Refund
Orders To Those Applicable Are Sent. The Lead Manager Coordinates With The
Registrar To Ensure Follow Up So That That The Flow Of Applications From
Collecting Bank Branches, Processing Of The Applications And Other Matters Till
The Basis Of Allotment Is Finalized.

LISTING OF THE ISSUE
The shares after having been allotted have to be listed compulsorily on the l stock
exchange and optionally at the other stock exchanges.
Escrow Account:
An escrow account is a designated account, the funds in which can be utilized
only for a specified purpose. In other words, the bankers to the issue keep the funds
in the escrow account on behalf of the bidders. These funds are not available to the
company till the issue is completed and allocation is made.
Category of bidders
Retail Individual Investor : means an investor who applies or bids for
securities of or for face value of not more than Rs 50,000/-
Non-Qualified Institutional Buyer: Any investor who bids for an
amount above Rs 50,000 and does not fall in the QIB category.
Qualified Institutional Buyer: Qualified Institutional Buyer(QIB) shall
mean: a. public financial institution as defined in section 4A of the
Companies Act, 1956; b. scheduled commercial banks; c. mutual funds; d.
foreign institutional investor registered with SEBI; Contd.
QIBs-category
QIBs-category E: multilateral and bilateral development financial
institutions.
QIBs-category F: venture capital funds registered with SEBI.
QIBs-category G: foreign Venture capital investors registered with SEBI.
State Industrial Development Corporations.
QIBs-category I: insurance Companies registered with the Insurance
Regulatory and Development Authority.
QIBs-category J: provident Funds with minimum corpus of Rs. 25 crore.
QIBs-category K: pension Funds with minimum corpus of Rs. 25 crore.

Chapter-8
After reading the significant part of IPO, now you can understand the final
important steps of an IPO.
IPO PROCESS
Timeline and bid period
Determination of price band
Book building process
Determination of issue price
Allocation to classes of investors
Withdrawal of issue
Allocation, allotment & settlement




NSE
The National Stock Exchange (NSE) is India's leading stock exchange covering
various cities and towns across the country. NSE was set up by leading institutions
to provide a modern, fully automated screen-based trading system with national
reach. The Exchange has brought about unparalleled transparency, speed &
efficiency, safety and market integrity. It has set up facilities that serve as a model
for the securities industry in terms of systems, practices and procedures.
NSE has played a catalytic role in reforming the Indian securities market in terms
of microstructure, market practices and trading volumes. The market today uses
state-of-art information technology to provide an efficient and transparent trading,
clearing and settlement mechanism, and has witnessed several innovations in
products & services viz. demutualisation of stock exchange governance, screen
based trading, compression of settlement cycles, dematerialisation and electronic
transfer of securities, securities lending and borrowing, professionalisation of
trading members, fine-tuned risk management systems, emergence of clearing
corporations to assume counterparty risks, market of debt and derivative
instruments and intensive use of information technology.
Our Products

Capital market
Equities
Indices
Mutual Funds
Exchange Traded
Funds
Initial Public
Offerings
Security Lending
and Borrowing
Scheme
Derivatives
Equity
Derivatives
Currency
Derivatives
Interest Rate
Futures
Debt
Retail Debt
Market
Wholesale Debt
Market
Corporate Bonds
Equities
The securities market has two interdependent and inseparable segments, the
new issues (primary) market and the stock (secondary) market. The primary
market provides the channel for creation and sale of new securities, while
the secondary market deals in securities previously issued. The Stock market
or Equities market is where listed securities are traded in the secondary
market. Currently more than 1300 securities are available for trading on the
Exchange.

Indices
A stock market index is a measure of the relative value of a group of stocks in
numerical terms. As the stocks within an index change value, the index value
changes. An index is important to measure the performance of investments
against a relevant market index.

Mutual funds
Security Lending and Borrowing Scheme (SLBS)

Short Selling means selling of a stock that the seller does not own at the time of
trade. Short selling can be done by borrowing the stock through Clearing
Corporation/Clearing House of a stock exchange which is registered as Approved
Intermediaries (AIs). Short selling can be done by retail as well as institutional
investors. The Securities Lending and Borrowing mechanism allows short sellers
to borrow securities for making delivery.
Equity derivative
Equity derivative is a class of derivatives whose value is at least partly derived
from one or more underlying equity securities. Options and futures are by far the
most common equity derivatives. This section provides you with an insight into the
daily activities of the equity derivatives market segment on NSE. 2 major products
under Equity derivatives are Futures and Options, which are available on Indices
and Stocks.
Retail debt market
NSE has introduced a trading facility through which retail investors can buy and
sell government securities from different locations in the country through
registered NSE brokers and their sub brokers in the same manner as they have been
buying and selling equities. This market is known as "Retail Debt Market" of NSE.
Wholesale Debt Market
The Wholesale Debt Market segment deals in fixed income securities and is fast
gaining ground in an environment that has largely focussed on equities. The
segment commenced operations on June 30, 1994. This provided the first formal
screen based trading facility for the debt market in the country.

CAPITAL MARKET (EQUITIES) SEGMENT
1 Settlement Guarantee Fund 31-MAR-2011 5,100.35 crores
2 Investor Protection Fund 28-FEB-2011 311.04 crores
3 Number of securities available for trading 31-JAN-2012 3,041
4 Record number of trades 19-MAY-2009 1,12,60,392
5 Record daily turnover (quantity) 19-MAY-2009 19,225.95 lakhs
6 Record daily turnover (value) 19-MAY-2009 40,151.91 crores
7 Record market capitalisation 05-NOV-2010 75,60,607 crores
8 Record value of S&P CNX Nifty Index 08-JAN-2008 6,357.10
9 Record value of CNX Nifty Junior Index 04-JAN-2008 13,209.35
CLEARING & SETTLEMENT
1 Record Pay-in/Pay-out (Rolling Settlement):
Funds Pay-in/Pay-out (N2007200) 23-OCT-2007* 4,567.70 crores
Securities Pay-in/Pay-out (Value) (N2009088) 21-MAY-2009* 9,523.33 crores
Securities Pay-in/Pay-out (Quantity) (N2009088) 21-MAY-2009* 4,385.75 lakhs
*Settlement Date



DERIVATIVES (F&O) SEGMENT
1 Settlement Guarantee Fund 31-MAR-2011 29,759.79 crores
2 Investor Protection Fund 28-FEB-2011 57.18 crores
3 Record daily turnover (value) 24-FEB-2011
2,77,277.49
crores
4 Record number of trades 24-FEB-2011 30,29,676
CURRENCY DERIVATIVES SEGMENT
1 Record daily turnover (value) 24-SEP-2010 22,124.90 crores
2 Record number of trades 19-APR-2011 93,581
3 Record number of contracts 20-APR-2010 48,84,935
4 Investor Protection Fund 28-FEB-2011 0.05 crores
WHOLESALE DEBT SEGMENT
1 Number of securities available for trading 31-JAN-2012 5,003
2 Record daily turnover (value) 25-AUG-2003 13,911.57 crores




































NSE PRODUCT SUITE

SLBM
RETAIL
DEBT MKT
JPY INR
GBR INR
EUR INR
USD INR
CURRENCY
DERIVATIVES
INTREST
RATE
FUTURE

LIQUID

EQUITY

GOLG
ETF
CORPORA
TE BONDS

WHOLE
SALE
DEBT MKT

INDEX

INDEX

STOCK

DERIVA-
-TIVES

STOCK

OPTION

FUTURE


CASH
MUTUAL
FUND
SERVICE

ETF

EQUITI
ES

CDS &
IRF
WDM

WDM
RETAIL
DEBT
MKT
CORPOR-
-ATE
BONDS

WHOLE
SALE
DEBT
MKT
CURRE-
-NCY
DERIVATI
VES
GBR
INR
EUR
INR

USD
INR
TOTAL LISTED COMPANIES IN NATIONAL STOCK EXCHANGE AS
ON JANUARY 2012




BSE:
BSE Limited is the oldest stock exchange in Asia What is now popularly known as
the BSE was established as "The Native Share & Stock Brokers' Association" in
1875.
Over the past 135 years, BSE has facilitated the growth of the Indian corporate
sector by providing it with an efficient capital raising platform.
Today, BSE is the world's number 1 exchange in the world in terms of the number
of listed companies (over 4900). It is the world's 5th most active in terms of
40
105
257
276
442
545
772
932
1227
1506
1816
2288
2669
5115
0 1000 2000 3000 4000 5000 6000
BERMUDA ST EX
BUENOS AIRES ST EX
LIMA ST EXC
COLOMBO ST EX
INDONESIA ST EX
THE ST EX OF THAILAND
SINGAPORE EX
SHANGHAI EX
OSAKA ST EX
HONG KONG ST EX
KOREA EX
TOKYO ST EX GROUP
NASDAQ OMX
BOMBAY ST EX
TOTAL LISTED COMPANIES AS ON JANUARY
2012
TOTAL
LISTED
COMPA
NIES AS
ON
JANUAR
Y 2012
number of transactions handled through its electronic trading system. And it is in
the top ten of global exchanges in terms of the market capitalization of its listed
companies (as of December 31, 2009). The companies listed on BSE command a
total market capitalization of USD Trillion 1.28 as of Feb, 2010
BSE is the first exchange in India and the second in the world to obtain an ISO
9001:2000 certification. It is also the first Exchange in the country and second in
the world to receive Information Security Management System Standard BS 7799-
2-2002 certification for its BSE On-Line trading System (BOLT). Presently, we are
ISO 27001:2005 certified, which is a ISO version of BS 7799 for Information
Security.
The BSE Index, SENSEX, is India's first and most popular Stock Market
benchmark index. Exchange traded funds (ETF) on SENSEX, are listed on BSE
and in Hong Kong. Futures and options on the index are also traded at BSE

BSE continues to innovate:
Became the first national exchange to launch its website in Gujarati and
Hindi and now Marathi
Purchased of Marketplace Technologies in 2009 to enhance the in-house
technology development capabilities of the BSE and allow faster time-to-
market for new products
Launched a reporting platform for corporate bonds christened the ICDM or
Indian Corporate Debt Market
Acquired a 15% stake in United Stock Exchange (USE) to drive the
development and growth of the currency and interest rate derivatives
markets
Launched 'BSE StAR MF' Mutual fund trading platform, which enables
exchange members to use its existing infrastructure for transaction in MF
schemes.
BSE now offers AMFI Certification for Mutual Fund Advisors through BSE
Training Institute (BTI)
Co-location facilities for Algorithmic trading
BSE also successfully launched the BSE IPO index and PSU website
BSE revamped its website with wide range of new features like 'Live
streaming quotes for SENSEX companies', 'Advanced Stock Reach',
'SENSEX View', 'Market Galaxy', and 'Members'
Launched 'BSE SENSEX MOBILE STREAMER

PRODUCT INFORMATION
Market Data-Equity
1. Level 1 Data contains the following information:
i. BSE Scrip Code
ii. Open, High, Low and Last Traded Price
iii. Best Bid / Offer with Volume
iv. Traded Volume
v. Close and Last Traded Quantity (only for live feed)
2. Level 2 Data contains the following information in addition to the level 1
data:
i. Weighted Average Price
ii. Upper Circuit Limit and Lower Circuit Limit
iii. Turnover Value, Number of Trades, Trend
iv. Total Buy Quantity and Total Sell Quantity
Indices
Broad Market Indices Sectoral Indices Dollar Linked Indices
SENSEX BSE Auto DOLLEX 30
BSE 100 BSE Bankex DOLLEX 100
BSE 200 BSE Capital Goods DOLLEX 200
BSE 500 BSE Consumer Durables
BSE Mid Cap Index BSE FMCG
BSE Small Cap Index BSE Healthcare
BSE IT
BSE Metal
BSE Oil & Gas
BSE Power
BSE PSU
BSE Realty
BSE TEC k
Market Data: Derivatives
There is a rekindled interest in the BSE F&O segment, which is now reporting a
daily turnover of nearly Rs. 10,000 million. Presently, the BSE F&O segment
covers 88 scrips. It also includes 7 Indices including our flagship product
Market Data: Corporate Bonds
BSE, in consultation with SEBI, has developed an Internet-based reporting
platform - the Indian Corporate Debt Market (ICDM) for reporting of all corporate
deals done in respect of corporate bonds that are listed on any stock exchange in
the country, This is presently limited to corporate bonds that are in demat form and
the trade value is over Rs. 1 lakh. ICDM is presently being used by over 120
participants. The data includes basic information about traded bonds and also the
latest traded price, latest traded quantity, weighted average price, weighted average
yield, cumulative trading value etc.
Book Building Data-Public Offerings

Book Building has emerged as the most preferred option for the corporates to raise
money from the public.

BSE provides an online Book Building facility in which bids are entered through
the large network of BSE Brokers across the country.

The Book Building process generates significant data on the bids:
- Number of shares bid for
- Price point at which the bids have been placed
- Type of bidder

This information provides a guide for the investors about the status of the bidding
i.e. the level of investor interest in the public offering and the pricing points at
which the bids are active, and to then take a decision on how much to bid and at
what price.

BSE provides this bidding data, updated every 5 minutes, through its real time
Data Feed network.

(BSE also makes available the prospectus of every public issue for download,
before the commencement of the bidding process.)