NSE sets IPO price band at Rs 1,700-1,785; issue to open on September 17
The Rs 22,569-crore IPO will be the country's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO. It will be entirely an offer for sale of up to 12.64 crore equity shares by existing shareholders.
The National Stock Exchange (NSE) has announced a price band of Rs 1,700-1,785 per equity share for its upcoming initial public offering (IPO), which will open for subscription on September 17. The Rs 22,569-crore IPO, slated to close on September 21, will mark the country's second-largest public issue, following Hyundai Motor India's Rs 27,870-crore offering in 2024.
This IPO comes nearly a decade after NSE's plans to go public were delayed due to regulatory hurdles, and with Sebi clearance now in place, the exchange is set to make its market debut on September 24. The IPO will be conducted as an offer for sale (OFS) of up to 12.64 crore equity shares by existing shareholders, a reduction from the initial planned 14.9 crore shares, leading to a smaller overall issue size of Rs 22,569 crore, slightly below the goal of becoming India's largest public offering.
Brief written by urgent.news from YourStory's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
