NSE IPO fully subscribed on day 2; retail demand remains below 1x
QIB, NII and employee portions fully subscribed as overall bids cross shares on offer
The National Stock Exchange of India (NSE) completed its ₹22,568.94-crore initial public offering (IPO) on the second day of bidding, with demand largely coming from institutional, non-institutional and employee investors. However, retail investors significantly lagged behind, subscribing to only 0.72 times of the available shares.
The overall subscription rate was 1.16 times, with QIB category at 1.53 times, NII category at 1.67 times and employee category at 1.52 times. Retail participation, despite the IPO's valuation of ₹22,562 crore, closed at below the full-subscription threshold, with investors bidding for 4.41 crore shares against the 4.41 crore shares reserved.
The IPO, which was priced between ₹1,700-₹1,785 per share and allowed a minimum application size of eight shares, is set to list on September 24 after the allotment process.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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