NSE IPO Day 2: After 43% subscription on first day, what brokerages are saying
NSE IPO: On the first day, the issue was subscribed 43% overall, with bids received against the 8.86 crore shares on offer. Retail investors subscribed to 44% of the 4.41 crore shares reserved for them.
National Stock Exchange (NSE) shares were in demand on the second day of subscription for its IPO, with a grey market premium of around 8%. The issue, which was 43% subscribed on the first day, began with a price band of Rs 1,700-1,785 per share and a minimum investment requirement of Rs 14,280 for retail investors. Brokerages expressed cautious optimism about the IPO, viewing NSE as a structural growth story and a long-term holding. However, the valuation remains a consideration, with the IPO priced at 42.9 times FY26 earnings.
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