NSE may cut IPO stake sale to 5.25-5.5% amid lower pricing
Price band likely at ₹1,700-1,785 a share, bringing the issue size below the earlier ₹30,000-crore estimate
The National Stock Exchange (NSE) plans to reduce the size of its upcoming initial public offering (IPO) to approximately 5.25-5.5% of its equity, down from the previously proposed 6%, according to sources with knowledge of the matter. The stock exchange has priced the public offer at around ₹1,700-1,785 per share, a decrease from the earlier expectation of ₹2,000 per share.
NSE's shares were trading at around ₹2,025 apiece in the unlisted market, with a grey market premium of approximately ₹228 as of Wednesday. Some selling shareholders have opted out of the IPO as they anticipate a more favorable exit after the listing. The reduced offer size would bring the overall issue closer to ₹25,000 crore from the earlier estimate of ₹30,000 crore.
The final price band is projected to be unveiled by the exchange next week, with the shares expected to list on the Bombay Stock Exchange (BSE) by September 25, 2026, prior to the onset of Pitru Paksha, a period considered inauspicious for new ventures. The State Bank of India group, MS Strategic (Mauritius), and the Canada Pension Plan Investment Board (CPPIB) are among the major selling shareholders, offering up to 2.475 crore, 1.60 crore, and 1.19 crore shares respectively.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
