NSE IPO was entirely an offer for sale by existing shareholders. The GMP signals a 4 per cent listing pop.
Institutional portion subscribed 12.68 times; retail crosses quota
NSE's $2.3 billion IPO was subscribed 5.7 times by the end of the final day of bidding on Monday as investors bet on continued equity market growth in Asia's third-largest economy.
The NSE IPO closes for bidding on September 21. The exchange has set a price band of ₹1,700-1,785 per share.
At a time when global funds are paying massive premiums to AI and related technology companies - often at 50x PE multiples - India is offering many comparable firms lower single-digit PE multiples
The settlement follows Sebi's acceptance of NSE's proposals to resolve proceedings arising from the co-location and dark fibre matters for around ₹1,492 crore
NSE's closing auction session recorded its second-highest turnover since its introduction, as the rebalancing of FTSE indices drove trading activity on Thursday
The NSE IPO opened for subscription today (September 17) and will remain open till Monday (September 21). The exchange has set a price band of ₹1,700-1,785 per share.
NSE IPO subscription will start on September 17 and conclude on September 21. NSE has set the price band at ₹1,700 to ₹1,785. Investors can bid for 8 shares in each lot.
The Supreme Court declined to interfere with the Delhi HC order, allowing Chitra Ramkrishna to contest her classification as a 'public servant' before the trial court
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
Eighteen mainland IPOs raised ₹28,976 crore and carry ₹2.48 lakh crore of market value - 8.6 times the capital raised.
Daily contracts fall 23% in Aug as higher STT and collateral requirements weigh on trading
NSE management says new businesses, SIFs, commodities and ETFs could diversify revenue, while clarifying it has not sought permission to trade its shares on NSE
Key selling shareholders have reduced the offer to 126.4 million shares from 148.9 million earlier; IPO is now expected to garner up to Rs 23,000 crore
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
India's new closing auction is prompting options traders to cut positions and add hedges as sharp swings in the final 15 minutes make closing levels harder to predict
The two exchanges imposed a penalty of Rs 14.31 lakh each for violations related to the composition and functioning of the company's board and committees