A record run! NSE IPO draws Rs 90,000 crore demand, takes subscription crown among India’s 5 largest offerings
NSE IPO GMP Live Updates: The Rs 22,561.57 crore public issue, the second-largest IPO in India by issue size after Hyundai Motor India, received bids for 50,58,11,384 shares against 8,86,42,911 shares on offer. This translated into an overall subscription of 5.71 times at the close of the bidding window, according to NSE data.
The National Stock Exchange (NSE) attracted a record demand of around Rs 90,000 crore for its initial public offering (IPO), setting a new subscription benchmark among India’s five largest IPOs. The Rs 22,561.57 crore public issue, the second-largest in India, received bids for 50,58,11,384 shares against 8,86,42,911 shares on offer, resulting in an overall subscription of 5.71 times.
Qualified institutional buyers (QIBs) led the subscription, with their reserved portion subscribed 12.68 times, while non-institutional investors (NIIs) and retail individual investors (RIIs) subscribed 6.55 times and 1.39 times, respectively. This strong response positions the NSE issue ahead of the other four largest IPOs in India based on overall subscription.
Brief written by urgent.news from The Economic Times - Top News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
