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.
Brokerage firm Emkay, among others, initiated coverage on NSE with a 'Buy' rating and an estimated target price of ₹2,050.
MD & CEO Chauhan says India's growth will drive the exchange
NSE's shares will mark their stock market debut on BSE today, after the IPO was subscribed 5.71 times in the three-day bidding process.
National Stock Exchange (NSE), post its listing on the BSE on Thursday, does not see any change in its duties as a stock trading marketplace and responsibilities as a commercial entity, but if the two lines intersect, the former will have an overriding advantage, its chairperson Srinivas Injeti said. He also said that NSE as an institution has contributed immensely in transforming the Indian capital market from a relatively small market serving a privileged few to a nationwide and vibrant capital market today. Earlier in the day, the National Stock Exchange made its historic debut at the BSE with its shares listing at Rs 1,800 apiece, up by 0.84 per cent from the issue price of Rs 1,785. The public issue marked a significant milestone for the NSE, whose listing plans had remained stalled for nearly a decade amid regulatory hurdles, including those linked to the co-location controversy. "Often there is a lot of debate whether a public utility like an exchange should get listed. Whet
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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.
NSE shares listed at ₹1800 today, up 0.84 per cent from the IPO price of ₹1,785.
Arun Kejriwal, founder of Kejriwal Research, said that BSE delivered a lacklustre listing and certainly well below expectations.
Market data showed NSE's grey-market premium weakening sharply during the IPO period. The premium had fallen to around 2 per cent from a peak of about 20 per cent during the bidding.
On a three-to-five-year view, NSE is the better play. It earned ₹3,122 crore in Q1FY27, over 3.5 times BSE's ₹873 crore.
The ₹22,562-crore IPO received bids for 50.58 crore shares against 8.86 crore shares on offer, resulting in an overall subscription of 5.71 times.
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
NSE's ₹22,569-crore IPO is the largest among four mega issues that changed their original size
Institutional portion subscribed 12.68 times; retail crosses quota
The NSE IPO received a strong response from investors. Against the 8.86 crore shares offered, bids were received for around 50.40 crore shares.
The NSE IPO closes for bidding on September 21. The exchange has set a price band of ₹1,700-1,785 per share.
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The NSE opened for subscription on Thursday and will remain open till Monday, September 21. The exchange has set a price band of ₹1,700-1,785 per share.
The ₹22,560 crore IPO received bids for 38 million shares against 88.6 million on offer, with the non-institutional investor portion subscribed 72 per cent