BSE introduces IPO index

The Bombay Stock Exchange (BSE) has launched the new index series – BSE IPO index on August 24, 2009.

The intention behind the launch of index is to track the current primary market conditions in the Indian capital market and measure the growth in investor’s wealth within a period of two years after listing of a company subsequent to successful completion of initial public offering (IPO).

Method of calculation of the index will be based on Free-float market capitalization, while the number of scrips will be variable.