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NSE Shares Debut Higher After Decade-Long Listing Delays
The National Stock Exchange of India sold shares to the public in a large IPO.
On their first trading day, the shares opened slightly above the IPO price.
They started at Rs 1,800, compared with the issue price of Rs 1,785.
Later, the price rose to Rs 1,845.
This gave the exchange a market value of Rs 4,53,123 crore.
Investors had asked for almost six times as many shares as were available.
The IPO was India's second-largest public issue.
The listing had been delayed for nearly ten years because of regulatory issues, including the co-location controversy.
National Stock Exchange of India shares opened at Rs 1,800, up 0.84% from the Rs 1,785 issue price.
The shares later rose 3.36% to Rs 1,845 during trading.
NSE reached a market valuation of Rs 4,53,123 crore on debut.
The Rs 22,569-crore IPO was subscribed nearly six times and generated about Rs 90,300 crore in demand.
The listing followed nearly a decade of delays linked to regulatory hurdles, including the co-location controversy.
- Who
- National Stock Exchange of India Ltd and investors in its initial public offering.
- What
- NSE shares began trading above their Rs 1,785 issue price and reached a market valuation of Rs 4,53,123 crore.
- Where
- The shares began trading on the Bombay Stock Exchange.
- When
- The shares debuted on Thursday; IPO bidding ended on Monday.
- Why
- The listing marked the completion of NSE's public offering after nearly a decade of delays linked to regulatory hurdles, including the co-location controversy.
Key facts
- Issue price
- Rs 1,785 per share
- Opening price
- Rs 1,800, up 0.84%
- Intraday price cited
- Rs 1,845, up 3.36%
- Market valuation
- Rs 4,53,123 crore
- IPO size
- Rs 22,569 crore
- Subscription
- Nearly six times on the final bidding day
- Demand generated
- Nearly Rs 90,300 crore
- Historical ranking
- India's second-largest public issue, after Hyundai Motor India's 2024 IPO
Sources
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