So, the BSE is set to launch its initial public offering on January 23 in a price band of ?805-806. Through the offer, 262 of the BSE’s existing shareholders will offload about 1.54 crore shares to raise around ?1,200 crore.The stock will be listed only on the NSE, since self-listing is not permitted.One of the main objections SEBI cites on self-listing is conflict of interest.“Stock exchanges in India and many other countries have multiple functions. One key function is to be the regulator for all brokers; and an exchange is the first-line regulator for them. They are also a regulator for listed companies.

Source - http://www.thehindubusinessline.com