NSE IPO may open on Sept 18, list on Sept 25; Rs 30,000 crore issue in sight: Report
The National Stock Exchange's Rs 30,000-crore initial public offering is anticipated to open for subscription on September 18. This offering will be an offer for sale, with existing shareholders selling nearly 15 crore equity shares. The SBI group is identified as the largest seller in this significant upcoming public issue. This IPO follows years of regulatory hurdles, including co-location and…
The National Stock Exchange (NSE) is set to launch an initial public offering (IPO) worth nearly Rs 30,000 crore, according to sources. The IPO is expected to open for public subscription on September 18 and list on September 25, with the price band announced on September 15 and anchor book on September 17. No official announcement has been made by NSE regarding the issue calendar.
If the IPO is launched at the lower end of the estimated price band, NSE's valuation would surpass that of Hyundai Motor India's Rs 27,870-crore IPO in 2024, making it India's largest IPO. The NSE IPO will be an offer for sale (OFS) of up to 148.9 million equity shares, representing nearly 6% of NSE's paid-up equity capital. Existing shareholders will offer nearly 15 crore shares in the issue, with major sellers including the SBI group, MS Strategic (Mauritius), Canada Pension Plan Investment Board, Aranda Investments (Mauritius), and Bank of Baroda.
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