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NSE IPO likely to open September 18, list September 25
The National Stock Exchange may sell some of its shares to the public.
The IPO is expected to open on September 18 and the shares may begin trading on September 25.
It could raise about Rs 30,000 crore.
That would make it bigger than Hyundai Motor India’s IPO in 2024.
The sale would involve existing shareholders selling shares.
The exchange would not create or sell new shares in this offering.
This means the exchange itself would not get money from the sale.
The plan has received regulatory clearance, but the exchange has not officially confirmed the schedule.
The National Stock Exchange’s IPO is likely to open for public subscription on September 18 and list on September 25.
The offering could raise approximately Rs 30,000 crore, potentially making it India’s largest IPO.
The IPO will be an offer for sale of up to 148.9 million shares, representing nearly 6% of paid-up equity.
There will be no fresh issue, so the National Stock Exchange itself will not receive IPO proceeds.
The proposed schedule is intended to complete the listing before Pitru Paksha begins on September 26.
- Who
- The National Stock Exchange and its existing shareholders are involved in the proposed IPO.
- What
- An offer for sale of up to 148.9 million National Stock Exchange shares is expected to be offered to the public.
- Where
- The offering concerns India’s National Stock Exchange and its proposed listing in India’s capital markets.
- When
- The IPO is likely to open on September 18 and list on September 25; the price band is expected on September 15 and the anchor book on September 17.
- Why
- The proposed schedule aims to complete the listing before the 16-day Pitru Paksha period begins on September 26.
Key facts
- Estimated issue size
- Approximately Rs 30,000 crore
- Expected subscription dates
- September 18, September 21 and September 22
- Expected listing date
- September 25
- Offer structure
- Offer for sale of up to 148.9 million equity shares
- Shares offered
- Nearly 6% of paid-up equity capital
- Fresh issue
- None; the National Stock Exchange will not receive IPO proceeds
- Regulatory status
- Received Securities and Exchange Board of India clearance earlier this month
- Potential ranking
- Could surpass Hyundai Motor India’s Rs 27,870-crore 2024 offering as India’s largest IPO
Sources
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