NSE IPO Day 2 Live: Mega-IPO subscribed 46% so far
NSE IPO Day 2 Live Updates: NSE IPO, Check issue details & subscription status
On the second day of the National Stock Exchange's IPO, the market saw a 46% subscription rate. The company's IPO, valued at ₹22,561.57 crore, opened for subscription on September 17 and will close on September 21. Anchor investors have already invested ₹6,746.18 crore in the issue. Thomas J. Priju, Portfolio Manager at Karma Capital, highlighted NSE as a strong long-term growth story, driven by the ongoing development of India's capital markets.
He anticipated the exchange to be a steady long-term performer and a valuable long-term holding. However, he cautioned that some pre-IPO investors, including eligible AIFs, might sell shares on the listing day, while others face a six-month lock-in period. This temporary supply could present a buying opportunity for long-term investors.
Priju also noted that NSE's IPO has received 43% subscription on the first day, with institutional participation relatively low. He expects QIB demand to increase as the issue progresses. SEBI Chairman Tuhin Kanta Pandey clarified that NSE has not submitted any proposal to the regulator for trading on its own platform after getting listed.
The IPO's performance may be influenced by BSE's outperformance, but substantial returns in the short term are improbable. Subscription rates were as follows: QIBs fetched 19% of the subscription, NII 76%, retail investors 48%, and the employee portion 104%.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
