NSE IPO subscribed 5.7 times as QIBs lead demand; shares to list on BSE on Sep 24

The National Stock Exchange of India's initial public offering raised ₹22,561 crore, with subscriptions five and three-quarters times the shares available. Qualified institutional buyers led the demand, subscribing 12.68 times the 2.52 crore shares reserved for the category. Non-institutional investors subscribed 6.54 times the 1.89 crore shares on offer, while retail individual investors registered a subscription rate of 1.35 times the 4.41 crore shares available.

Employee investors subscribed 2.36 times the 4.33 lakh shares reserved. The IPO opened for public subscription on September 17 and closed on Monday, with a price band of ₹1,700-₹1,785 per share and a minimum investment of ₹14,280. The NSE IPO comprises entirely an offer for sale of up to 12.64 crore equity shares, with proceeds going to existing shareholders selling their stakes.

The exchange expects to finalize allotment on September 22, with shares likely credited to successful allottees on September 23. NSE shares will make their debut on the BSE on September 24, marking the exchange's transition into a publicly listed company.