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National Stock Exchange’s ₹22,561.57 Crore IPO Opens For Subscription
The National Stock Exchange has started selling shares to investors.
This share sale is called an initial public offering, or IPO.
Investors can apply between September 17 and September 21.
Each share is priced between ₹1,700 and ₹1,785.
The IPO is an offer for sale, which means existing shareholders are selling their shares.
The National Stock Exchange itself will not receive money from the sale.
Anchor investors have already invested ₹6,746.18 crore.
At the highest price, the exchange would be valued at about ₹4.41 lakh crore.
The National Stock Exchange’s ₹22,561.57 crore IPO opened for subscription on September 17.
The subscription window closes on September 21.
The IPO has a price band of ₹1,700–₹1,785 per share.
The issue is entirely an offer for sale, so NSE will not receive the proceeds.
The IPO implies a market capitalisation of ₹4.41 lakh crore at the upper price band, while anchor investors invested ₹6,746.18 crore.
- Who
- The National Stock Exchange and investors, including anchor investors.
- What
- A ₹22,561.57 crore initial public offering opened for subscription.
- Where
- When
- The IPO opened on September 17 and closes on September 21.
- Why
- The articles state that the issue is entirely an offer for sale; they do not give a broader reason for the IPO.
Key facts
- Issue size
- ₹22,561.57 crore
- Subscription period
- September 17 to September 21
- Price band
- ₹1,700–₹1,785 per share
- Issue type
- Entirely an offer for sale
- Proceeds to NSE
- The National Stock Exchange will not receive proceeds from the issue
- Implied market capitalisation
- ₹4.41 lakh crore at the upper price band
- Anchor investment
- ₹6,746.18 crore
Sources
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