A hint against ₹22,569 cr NSE's make-me-rich hopes
The Rs 22,569-crore IPO of the National Stock Exchange of India (NSE) concluded its third and final bidding day on a stable note. The issue has been subscribed 1.46 times overall till Day 3, with 8.86 crore shares available. The retail share saw less demand, with the quota subscribed at 87% out of 4.41 crore shares reserved for retail investors.
The grey market premium (GMP) for the IPO is currently at around 3%, hinting at a moderate listing gain. The IPO is entirely an offer for sale (OFS) of 12.64 crore shares, with NSE not receiving any proceeds from the sale as it goes to the selling shareholders. The price band has been set at Rs 1,700–1,785 per share, with a minimum retail application of Rs 14,280 and a lot size of 8 shares.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
