2 hrs ago
NSE IPO Draws Strong Final-Day Demand, Nearly Four Times Subscribed
The National Stock Exchange of India is offering some of its shares to investors.
By Monday afternoon, investors had requested almost four times the number of shares available.
Large professional investors showed the strongest interest.
Retail investors, or ordinary individual investors, placed fewer bids.
The IPO is priced between ₹1,700 and ₹1,785 per share.
Existing shareholders are selling the shares, so NSE itself will not receive money from the sale.
Before the public offering, anchor investors had already invested ₹6,746 crore.
NSE shares are expected to begin trading on September 24.
The ₹22,569-crore NSE IPO was subscribed 3.92 times by Monday afternoon.
Investors bid for 34.78 crore shares against 8.86 crore shares available.
Qualified institutional buyers subscribed 7.99 times, while non-institutional investors subscribed 5.07 times.
Retail investors subscribed 1.13 times, showing comparatively lower demand.
The IPO is entirely an offer for sale, and NSE shares are scheduled to list on September 24.
- Who
- The National Stock Exchange of India, its existing shareholders, and investors participating in the IPO.
- What
- A ₹22,569-crore initial public offering was subscribed 3.92 times by Monday afternoon.
- Where
- The subscription data was recorded by the Bombay Stock Exchange, and the report was filed from Mumbai.
- When
- Bidding was reported until 2:35 pm on Monday; the shares are scheduled to list on September 24.
- Why
- Existing shareholders are selling up to 12.64 crore shares through an offer for sale; NSE will not receive IPO proceeds.
Key facts
- Issue size
- ₹22,569 crore
- Overall subscription
- 3.92 times
- Price band
- ₹1,700–₹1,785 per equity share
- QIB subscription
- 7.99 times
- Retail subscription
- 1.13 times
- Anchor investment
- ₹6,746 crore
- Scheduled listing
- September 24
- IPO structure
- Entirely an offer for sale of up to 12.64 crore shares
Sources
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