NSE anchor book exceeds expectations, says Ashishkumar Chauhan
The exchange’s public issue is set to open on September 17, with anchor investor bidding scheduled for September 16
The National Stock Exchange (NSE) anchor demand for its upcoming ₹22,569-crore IPO is stronger than anticipated, according to Managing Director and CEO Ashishkumar Chauhan. Chauhan announced that the anchor book, which is expected to be around ₹6,250 crore, is much larger than initially estimated at ₹9,000 crore. This strong anchor demand comes as the NSE prepares to list its shares on September 24, becoming the country's second-largest public issue after Hyundai Motor India's recent offering.
The IPO is an entirely offer for sale (OFS), and the bidding for anchor investors will take place on September 16. Chauhan also mentioned that the introduction of merchant discount rate (MDR) charges on UPI transactions above ₹2,000 may have a short-term impact on transaction volumes, but the effect is expected to normalize over time.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Strong institutional appetite for NSE IPO, anchor book exceeds expectations: Chauhan thehindubusinessline.com
- NSE IPO draws 'unexpectedly large' demand, anchor book tops ₹6,000 cr: CEO business-standard.com
