1 hr ago
NSE IPO Draws 43% Subscription on Strong First Day
The National Stock Exchange is selling shares to the public through an IPO.
On the first day, investors requested 43% of the shares available.
Retail investors, or ordinary individual investors, requested 44% of their portion.
Non-institutional investors showed the strongest demand among the main groups, subscribing to 72% of their allocation.
Large institutional investors requested 19% of their portion.
Employees nearly filled their reserved quota, subscribing to 98%.
The exchange also raised Rs 6,746 crore from large investors before the public offering began.
People can apply until September 21, and the shares are expected to begin trading on September 25.
The NSE IPO received bids for 38.39 million shares against 88.64 million shares offered, representing 43% subscription.
Retail investors subscribed to 44% of their allocation, bidding for 19.55 million shares.
Non-institutional investors recorded the strongest main-category response at 72% subscription.
Qualified institutional buyers subscribed to 19%, while mutual funds and foreign portfolio investors led QIB bids.
The issue remains open until September 21, with listing on the BSE expected on September 25.
- Who
- The National Stock Exchange, retail investors, non-institutional investors, qualified institutional buyers, employees, mutual funds and foreign portfolio investors.
- What
- The National Stock Exchange’s IPO received 43% subscription on its first day.
- Where
- The shares are expected to list on the BSE.
- When
- The IPO opened for subscription through September 21; listing is expected on September 25.
- Why
- The article does not state a specific reason for the level of investor demand.
Key facts
- Overall subscription
- 43%, with bids for 38.39 million shares against 88.64 million offered
- Retail subscription
- 44%, with bids for 19.55 million shares against 44.1 million offered
- Non-institutional investor subscription
- 72%, with bids for 13.69 million shares against 18.90 million offered
- QIB subscription
- 19%, with bids for 4.73 million shares against 25.21 million offered
- Employee quota
- 98%, with bids for 4.23 million shares against 4.33 million reserved
- Anchor book
- Rs 6,746 crore raised through 37.8 million shares at Rs 1,785 apiece
- IPO timeline
- Subscription closes September 21; BSE listing is expected September 25
Sources
Related news
NSE’s Rs 22,569-Crore IPO Opens With 9% Subscription
NSE IPO Gets Moderate Day-One Demand, GMP Signals Gains
NSE IPO Raises ₹6,746 Crore From Anchor Investors
NSE IPO Draws Unexpectedly Strong Demand Before September Launch
NSE Opens Doors to Public Investors After Decade-Long Wait
Strong Institutional Demand Builds Ahead of NSE’s Mega IPO
India’s Retail Leverage Shifts From Options To Slower MTF
NSE Launches £1.76bn IPO After Decade-Long Wait
NSE Reports Millions of Cyberattacks, No Successful Breaches
