11 hrs ago
NSE IPO Opens as Grey Market Premium Falls Sharply
The National Stock Exchange of India has started selling shares to the public.
This sale is called an initial public offering, or IPO.
Before shares officially list, people sometimes trade them informally in a grey market.
The expected extra price there fell sharply over the past week.
It was Rs 218 on September 11 and about Rs 148 by Thursday afternoon.
Investors can apply for shares until September 21.
Each share is priced between Rs 1,700 and Rs 1,785.
The IPO is an offer for sale, so existing shareholders will receive the money.
Investors are also examining NSE’s lower revenue and transaction-charge income in FY26.
The National Stock Exchange of India’s IPO opened for public subscription on Thursday.
The grey market premium declined from Rs 218 on September 11 to Rs 148 by 3 p.m. Thursday.
The IPO will remain open until September 21, with a price band of Rs 1,700-1,785 per share.
At the upper price band, the issue is valued at around Rs 22,561.57 crore and offers 12.64 crore shares.
NSE’s FY26 operating revenue fell over 3% year-on-year, while transaction-charge revenue declined about 4%.
- Who
- The National Stock Exchange of India and investors eligible to subscribe to its IPO.
- What
- NSE opened a public share offering while its grey market premium remained below the previous week’s level.
- Where
- India’s capital market; the article does not specify a physical location.
- When
- The IPO opened on Thursday and will remain open until September 21; the cited GMP data covers September 11 through Thursday.
- Why
- Existing shareholders are selling shares, while investors are assessing the offering amid weaker grey market sentiment and lower reported revenue.
Key facts
- IPO price band
- Rs 1,700-1,785 per share
- Subscription period
- Opens Thursday and closes September 21
- Issue size
- 12.64 crore shares
- Valuation at upper band
- Around Rs 22,561.57 crore
- GMP on September 11
- Rs 218 per share
- GMP by Thursday afternoon
- Around Rs 148 per share at 3 p.m.
- FY26 operating revenue
- Rs 16,601.31 crore, down from Rs 17,140.67 crore in FY25
Sources
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