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) recently held a record-breaking initial public offering (IPO) that drew significant demand, totaling around Rs 90,000 crore. This amount established a new subscription benchmark among India's five largest IPOs. The IPO, valued at Rs 22,561.57 crore, saw bids for 50,58,11,384 shares against an offer of 8,86,42,911 shares, resulting in a subscription ratio of 5.71 times.
Qualified institutional buyers (QIBs) led the bidding, with their reserved portion subscribed 12.68 times. Non-institutional investors (NIIs) subscribed 6.55 times, and retail individual investors (RIIs) subscribed 1.39 times. This strong response puts the NSE IPO ahead of the other four largest IPOs in India, based on overall subscription data.
While the subscription multiple is a strong indicator, market experts suggest that post-listing performance will be more influenced by derivatives volume, transaction revenue, and earnings growth.
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.
