Shares of capital market-related stocks were in demand on Tuesday amid reports that SEBI is likely to exclude derivatives from the Closing Auction Session (CAS) for at least a year.
NSE's share price hit an intra-day low of ₹1,761, quoting 1 per cent lower compared to its issue price of ₹1,785 per share on the BSE in Monday's trading session.
India does not allow exchanges to list on their own platforms, citing concerns over potential conflicts of interest
NSE's market capitalisation increased to ₹4.62 trillion to reach 10th position on the BSE, following a 5% rise in Thursday's debut trading session; beating HUL, Sun Pharma and Titan in ranking.
The National Stock Exchange's ₹22,600 crore IPO was subscribed 5.7 times, but subdued retail demand and a 2-3 per cent grey-market premium point to a modest debut
Banker fees accounted for nearly half of NSE's Rs 392.12 crore offer-related expenses, while advertising and marketing emerged as the second-largest cost head
NSE IPO subscription status, GMP today: NSE has set a price band of ₹1,700-1,785 per share, with a face value of ₹ 1. In the grey market, NSE shares are trading at a premium of up to 9 per cent.
The operator of the world's busiest derivatives market accounted for roughly half of the trading volume in the shadow market, according to an estimate by trading platform UnlistedZone
NSE IPO price band: The upper end of the IPO price band, ₹1,785, is around 26 per cent lower than the record high of around ₹2,400 and 6 per cent below the current unlisted market price of ₹1,990.
The offer-for-sale, which does not include any fresh capital being raised, will value NSE at close to $46 billion, which would make it the country's third-largest IPO
NSE IPO price band: The National Stock Exchange (NSE) has set the price band at ₹1,700-1,785 per share for its much-awaited IPO.
Investors raised concerns over NSE's growth prospects after regulatory curbs cooled India's derivatives market, forcing the exchange to lower its maximum IPO valuation target ahead of listing
The OFS-only issue may be smaller than earlier envisaged as some shareholders prefer to wait for a potentially better price after listing, sources said
The size of the National Stock Exchange (NSE) IPO may shrink with the offer for sale (OFS) likely to be cut to 5.2-5.5 per cent, from the 6 per cent planned earlier, as some shareholders have backed out of the sale, people familiar with the matter said on Wednesday. The reduced OFS could bring down the overall issue size to Rs 25,000-27,000 crore, compared with the earlier estimate of Rs 30,000 crore.At this size, NSE may fall short of becoming India's largest-ever public offering. Hyundai Motor India's IPO, at Rs 27,870 crore, currently holds the record. The reduction in the OFS size is understood to be driven by some shareholders choosing not to sell during the IPO, as they believe they could command a better valuation by selling their stake at a later stage, thepeople familiar with the matter said. The NSE is also looking to make the issue more attractive for retail investors, with pricing being structured to provide greater participation and benefit to small investors in the OFS
NSE IPO price band: Based on current market indications, analysts say that the price could be in the ₹1,800 to ₹2,200 range per share.
State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. "We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining," he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent st
Tuhin Kanta Pandey says Sebi is close to approving NSE's IPO documents; regulator is also working on rationalising settlement, margin and risk-management provisions
At a $55 bn valuation, NSE's sale of 6% stake on offer could raise about ₹315 billion, surpassing the ₹278.7 billion raised by Hyundai Motor's Indian unit in 2024, the country's largest IPO to date
The Delhi High Court on Wednesday held that the National Stock Exchange of India (NSEI) is a 'public authority' under the Right to Information Act. A bench of justices C Hari Shankar and O P Shukla dismissed an appeal by the stock exchange assailing a single judge's decision which ruled that NSEI qualified as a 'public authority' under section 2(h) of the RTI Act. Citizens can enforce their right to ask for information only from a 'public authority' under the RTI Act. The bench observed that if the body is owned, controlled or substantially financed by the government, it would qualify as a 'public authority'. The court stated that this was not a case where an entity was established as a private company and was regulated by statute later. Observing that the NSEI could not function as a stock exchange at all without recognition by SEBI, the court said it agreed with the single judge's finding that it has to be regarded as having been "established" or "constituted" by an order issued
Who stands to make the biggest gains when India's two most anticipated IPOs finally hit the market?