Just 1.85%, yet NSE has best debut among India's five biggest IPOs
NSE made its debut as a listed company on the BSE, opening at ₹1,800 and closing at ₹1,818. The initial public offering was valued at ₹22,561.57 crore, making it the second-largest in Indian history. NSE's shares gained 1.85% on the first day despite a broader market decline. The company's IPO was subscribed 5.71 times.
Just 1.85%, yet NSE has best debut among India's five biggest IPOs. The National Stock Exchange (NSE) made its inaugural public listing on Thursday, despite being the institution responsible for facilitating capital raising for companies and providing a platform for investors to trade shares. Due to regulatory rules prohibiting a stock exchange from listing on its own platform, NSE debuted on rival BSE.
When BSE went public in 2017, its shares were initially listed on NSE. NSE shares opened at ₹1,800 on BSE, representing a 0.84% premium over the issue price of ₹1,785. They surged as high as ₹1,878, or 5.21% above the issue price, before closing the day at ₹1,818, resulting in IPO investors garnering a first-day gain of 1.85%. The positive debut occurred on a weak market day, as the Sensex fell 1,247.71 points, or 1.67%.
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