3 hrs ago
NSE IPO May Enter India’s Top Ten Companies on Debut
The National Stock Exchange of India is preparing to have its shares traded publicly.
Its IPO price was set at Rs 1,785 per share.
Many investors applied, so the IPO was subscribed more than five times.
The company could become one of India’s ten most valuable listed companies if its shares gain about 5% after listing.
Its shares will be listed only on the Bombay Stock Exchange.
Reliance Industries is currently India’s largest company by market value.
HDFC Bank and Bharti Airtel are next among the biggest companies.
Tata Consultancy Services has moved down to sixth place.
The National Stock Exchange of India fixed its issue price at Rs 1,785.
The IPO was subscribed 5.71 times and received more than 38.28 lakh applications between September 17 and 21.
At a market capitalisation of Rs 4.41 lakh crore, NSE could overtake companies including Infosys, Titan and Kotak Mahindra Bank with a 5% premium.
NSE shares are scheduled to be listed only on the Bombay Stock Exchange.
Reliance Industries remains India’s largest company, while Tata Consultancy Services has slipped to sixth place by market capitalisation.
- Who
- The National Stock Exchange of India and investors who applied for its IPO.
- What
- NSE fixed its IPO issue price at Rs 1,785 and may enter India’s top ten companies by market capitalisation after listing.
- Where
- NSE shares will be listed on the Bombay Stock Exchange.
- When
- The IPO received applications between September 17 and 21; the listing date is not specified.
- Why
- A rise of about 5% from the issue price could give NSE a market capitalisation of roughly Rs 4.41 lakh crore and move it into the top ten.
Key facts
- IPO issue price
- Rs 1,785 per share
- IPO subscription
- 5.71 times
- Applications received
- More than 38.28 lakh
- NSE market capitalisation
- Rs 4.41 lakh crore
- Listing venue
- Bombay Stock Exchange only
- Largest Indian company
- Reliance Industries, valued at Rs 16.80 lakh crore
- Largest IPO comparison
- Hyundai Motor India raised Rs 27,859 crore in October 2024
Sources
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