NSE IPO subscribed 5.71 times on final day
Investor enthusiasm surged on the final day of the National Stock Exchange's landmark IPO, with qualified institutional buyers oversubscribing their segment by more than twelve times. Retail interest was also robust, nearly doubling their intended allocation. The shares are set to debut on the BSE on September twenty-fourth, marking the end of a lengthy journey that included prior regulatory…
On the final day of the National Stock Exchange's (NSE) ₹22,561-crore IPO, the bidding reached an impressive 5.71 times, data as of 7 pm revealed. The issue garnered bids for 505.81 million shares against 88.6 million shares on offer. Notably, the demand came from institutional and high net-worth investors. At the upper price band, bids totaled over ₹90,000 crore.
Qualified institutional buyers (QIBs) accounted for a 12.68 times subscription, while non-institutional investors subscribed 6.55 times, with retail investors at 1.39 times. The shares listed on the BSE on September 24, offered at a price band of ₹1,700-1,785 per share, commanding a valuation of ₹4.42 lakh crore. The completion of the NSE IPO marks a decade-long wait, ending controversies over co-location and dark fibre cases.
Sebi had accepted NSE's application for IPO approval in July, requiring the payment of ₹1,491 crore for settling regulatory lapses. Initially planned at ₹30,000 crore, the NSE reduced the IPO size to around ₹22,500-23,500 crore, making it the largest Indian equity offering since Hyundai Motor India's ₹27,870-crore IPO in October 2024.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- NSE IPO receives nearly four times subscription so far on final day yourstory.com
- NSE IPO sails through with 5.7-times subscription on institutional demand business-standard.com
