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
At the top of the proposed range, the sale of a 5.5% stake would raise about ₹24,300 crore, below the ₹27,900 crore raised by Hyundai Motor India Ltd. in 2024 in the country's largest-ever IPO
Shares of New India Assurance Company and IFCI cracked up to 14% on account of profit-taking after NSE's IPO grey market premium fell to ₹225 on Tuesday.
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.
Share price of New India Assurance Company hit a 52-week high of ₹229.30, surging 17 per cent on the BSE on the back of six-fold jump in trading volume.
On Wednesday, IFCI quoted at its highest level since January 2008 and hit a record high of ₹121.20 on December 17, 2007.
The NSE auction absorbed a record $4.2 billion in MSCI-linked trades, but sharp price swings persisted, highlighting concerns over thin liquidity and the lack of market makers
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
According to Prime Database data, 21 IPOs are opening in August, up from 12 in July. This marks a sharp spike from the first half of the year.
The proposal was discussed with global investors during IPO roadshows and could pave the way for NSE shares to enter its benchmark indexes
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
Dolat Capital initiated coverage of the National Stock Exchange with a 'sell' recommendation, citing regulatory headwinds and high valuations ahead of the bourse's planned IPO
Shares of Multi Commodity Exchange (MCX), driven by heavy trading volumes, gained nearly 4 per cent in intraday trade to touch ₹2,889 on the NSE on Tuesday.
The listing will see NSE join the BSE, and Multi Commodity Exchange of India (MCX), both of which are already publicly traded, bringing all three major exchange operators onto Dalal Street
Retail investors, said G Chokkalingam, founder and head of research at Equinomics Research, must look at company's valuation relative to listed peers, outlook for the sector before investing.
While global capital chased the AI semiconductor booms in Taipei and Seoul, tripling Korean stocks and doubling Taiwanese equities, the benchmark Indian index hasn't gone anywhere in the past 2 years