NSE IPO closes with 5.7x subscription as markets regain momentum

The National Stock Exchange of India (NSE) completed its highly anticipated initial public offering (IPO) on Monday, with the issue receiving bids worth around Rs 90,000 crore, indicating strong investor demand. The IPO was subscribed about 5.7 times overall, with investors bidding for more than 50 crore equity shares against around 8.86 crore shares on offer.

The QIBs led the demand, subscribing 12.68 times, followed by non-institutional investors at 6.55 times and retail investors at 1.4 times. The NSE IPO, initially estimated at Rs 22,562 crore, was ultimately valued at about Rs 15,823 crore based on the final offer. The exchange, which has been seeking a listing since 2016, now marks a significant milestone in India's capital market as it prepares to list its shares on the BSE on September 24.

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