1 hr ago

NSE Files Updated IPO Prospectus, Price Band Expected This Week

NSE, a major stock exchange, is getting closer to selling shares to the public.

It has submitted an updated IPO document to SEBI.

People cannot yet see the updated document, so some details remain unconfirmed.

Existing shareholders will sell the shares, rather than NSE creating new ones.

Analysts think the price could be between Rs 1,800 and Rs 2,000 per share.

They estimate the IPO could raise Rs 24,000-25,000 crore.

NSE shares were trading near Rs 2,000 in the unlisted market.

The exchange may announce the final price and size this week.

The IPO could be completed in September, but the exact schedule is still being worked out.

Key facts

Updated filing: NSE has filed an updated Draft Red Herring Prospectus with the Securities and Exchange Board of India.
Offer type: Offer for sale by existing shareholders; no fresh shares are planned.
Expected offer size: The revised offer is expected to represent about 5.5% of NSE’s equity; the earlier proposal covered 14.89 crore shares and roughly 6%.
Estimated price band: Analyst estimate: Rs 1,800-2,000 per share.
Estimated proceeds: Analyst estimate: Rs 24,000-25,000 crore.
Unlisted price: NSE shares were reported at around Rs 2,000-2,050 on September 9, with platforms showing prices close to Rs 2,000.
Grey-market premium: The reported GMP was around Rs 255 on September 9, down from Rs 273 a day earlier.
Potential timeline: Reports suggest a possible market launch around September 18 and listing before September 25, but the schedule is not final.

financialexpress.com · 1 hr ago