NSE IPO: Why shareholders cut stake sales despite strong listing expectations

The National Stock Exchange (NSE) is set to commence its long-awaited IPO on September 17, with the price band fixed at Rs 1,700-1,785 per share. However, despite the buzz surrounding this highly anticipated issue, shareholders are cutting their stake sales, significantly reducing their potential gains from the listing. The exchange is expected to raise around Rs 22,562 crore from the offer-for-sale (OFS) – a figure that has been revised downward from the initially projected Rs 30,000 crore.

This reduction in stake sales is raising questions about why shareholders are opting to hold onto their shares rather than selling them, especially given the market's expectations of a strong listing.