NSE IPO price band announced for Rs 22,561-crore offer! Check key dates, other important details
Retail investors have been allocated 35% of the issue, while 50% has been reserved for eligible institutional bidders (QIBs). The remaining portion will be available to non-institutional investors (NIIs).
The National Stock Exchange (NSE) has announced the price band for its highly anticipated IPO, with an offer size of Rs 22,561.57 crore. Subscription for the IPO will open on September 17 and close on September 21. Each share has a face value of Rs 1, and the lot size is set at eight shares. Retail investors are allocated 35% of the issue, while 50% is reserved for eligible institutional bidders, and the remaining portion is for non-institutional investors.
The IPO is an Offer For Sale (OFS) and will not generate revenue for NSE. The shares will be listed on the Bombay Stock Exchange, with allotment determined by September 22 and credit to demat accounts on September 23. The IPO's list date is scheduled for September 24.
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