6 hrs ago
Strong Institutional Demand Builds Ahead of NSE’s Mega IPO
The National Stock Exchange plans to sell shares to the public in a very large IPO.
Big investment groups appear especially interested in buying shares before the public sale begins.
This early group of buyers is called the anchor book.
NSE says the anchor book may be worth about ₹6,250 crore.
The IPO will open on September 17 and close on September 21.
Each share will cost between ₹1,700 and ₹1,785.
The shares are expected to begin trading on September 24.
NSE’s chief said its future trading activity will depend partly on market conditions around the world.
He also said NSE has not yet applied for a special category that would allow its shares to be traded in that way.
NSE Managing Director Ashishkumar Chauhan said demand for the anchor book exceeded expectations.
The anchor book is expected to total about ₹6,250 crore, below an earlier estimate of ₹9,000 crore.
The ₹22,569-crore IPO is entirely an offer for sale and is scheduled for September 17–21.
The price band is ₹1,700–₹1,785 per share, with listing expected on September 24.
NSE will allocate shares among domestic mutual funds, other institutions and foreign investors under reservation rules.
- Who
- The National Stock Exchange and its Managing Director and CEO, Ashishkumar Chauhan, with prospective institutional investors.
- What
- NSE is preparing a ₹22,569-crore IPO, while reporting stronger-than-expected interest in its anchor book.
- Where
- The IPO concerns the National Stock Exchange in India; the article does not specify a location for Chauhan’s remarks.
- When
- The anchor bidding is scheduled for September 16, public subscription for September 17–21, and listing for September 24, 2026.
- Why
- Institutional investors are seeking shares in the IPO, while NSE must distribute the available shares among investor categories under applicable reservation rules.
Key facts
- IPO size
- ₹22,569 crore
- Issue structure
- Entirely an offer for sale
- Anchor book estimate
- About ₹6,250 crore
- Earlier anchor estimate
- ₹9,000 crore
- Price band
- ₹1,700–₹1,785 per share
- Subscription period
- September 17–21, 2026
- Expected listing
- September 24, 2026
- Expected valuation
- About ₹4.42 lakh crore at the top of the price band
Quotes
Ashishkumar Chauhan
Managing Director and CEO of the National Stock Exchange
“Anchor book is pretty large, much more than we thought it would be”
thehindubusinessline.com
“Sideways markets don't trade that much vis-a-vis bullish markets”
thehindubusinessline.com
Sources
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