RE:Urbana's Bombay Stock Exchange closes $182M (U.S.) IPOA simple caculation: The 418K shares sold in IPO is USD$4.73m which equals CAD$6.18m. Rest 1.15m shares using 1000 Rupees price discounted by 6% which is 940 Rupees. 1,153,069*940 rupess in CAD is 21.18m. Totally it will be CAD$27.36m compare to CAD$22.9m kept on book. So the gain will be CAD$4.46m which is about 9c/share gain on NAV.