NSE's big-bang IPO delivers quiet debut, shares list at nearly 1% premium
The ₹22,562-crore IPO received bids for 50.58 crore shares against 8.86 crore shares on offer, resulting in an overall subscription of 5.71 times.
National Stock Exchange (NSE) shares will begin trading on the Bombay Stock Exchange (BSE) and Metropolitan Stock Exchange of India (MSEI) today, marking the exchange's debut on two major stock markets. Analysts anticipate the listing could see the exchange valued at around $47.5 billion, placing it as the eighth-largest listed exchange by market value.
The grey market premium for NSE shares stands at approximately 4.8% over the IPO price of Rs 1,785, suggesting cautious expectations for immediate gains upon listing. The exchange's long-term growth potential attracted strong institutional interest, while retail investors were more reserved due to concerns over derivatives volumes and regulatory pressures.
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