47 mins ago
NSE IPO Opens September 17 With No Shareholder Quota
The National Stock Exchange is preparing to sell shares to the public through an IPO.
The IPO will accept bids from September 17 to September 21.
People who already own NSE shares can also apply, but they do not get a special quota.
The IPO is only a sale of shares held by existing owners.
This means NSE itself will not receive the money raised.
The shares will be listed on the Bombay Stock Exchange, not on NSE.
Retail investors can apply for bids worth up to Rs 2 lakh.
Employees have a separate portion, subject to the stated rules.
Investors must use the required banking or UPI payment methods and follow ownership limits.
The NSE IPO will be open from September 17 to September 21, with anchor bidding beginning on September 16.
Existing NSE shareholders can apply, but they receive no separate reservation or shareholder quota.
The offering is an Offer for Sale of up to 126,436,650 shares, so NSE itself will not receive the proceeds.
The shares will be listed exclusively on the Bombay Stock Exchange because NSE cannot list its own securities on its platform.
Retail investors can bid up to Rs 2 lakh, while employee applicants have a separate reservation of up to Rs 70 crore.
- Who
- The National Stock Exchange, its existing shareholders, retail investors, institutional bidders, employees and other eligible applicants.
- What
- An initial public offering comprising an Offer for Sale of up to 126,436,650 NSE equity shares.
- Where
- The shares will be listed exclusively on the Bombay Stock Exchange.
- When
- The IPO is scheduled to open on Thursday, September 17, and close on Monday, September 21; anchor bidding begins September 16.
- Why
- Existing shareholders are offering their shares to the public, while regulatory rules prevent NSE from listing its own securities on its trading platform.
Key facts
- Issue type
- Offer for Sale only; there is no fresh issue of shares.
- Offer size
- Up to 126,436,650 equity shares with a face value of Re 1 each.
- Listing venue
- Bombay Stock Exchange only.
- Investor categories
- Up to 50% for Qualified Institutional Buyers, at least 15% for Non-Institutional Bidders and at least 35% for Retail Individual Bidders.
- Retail limit
- A retail bid cannot exceed Rs 2 lakh.
- Employee reservation
- Up to Rs 70 crore, capped at 5% of post-offer equity capital; eligible employees may apply for up to Rs 5 lakh.
- Ownership limits
- Resident individuals may hold up to 5%, certain institutional entities up to 15%, and total non-resident ownership is capped at 49%.
Sources
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