{
  "id": 6720512,
  "title": "BSE shares fall 3% as rival NSE gets closer to mega IPO. More pain ahead?",
  "url": "https://urgent.news/2026/09/11/bse-shares-fall-3-as-rival-nse-gets-closer-to-mega-ipo-more-pain-ahead",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T05:26:44.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/bse-shares-fall-3-as-rival-nse-gets-closer-to-mega-ipo-more-pain-ahead/articleshow/134047512.cms"
  },
  "original_language": "en",
  "account": "BSE's stock prices experienced a decline of over 3% on Friday following news of rival NSE's announcement of a mega IPO. The National Stock Exchange (NSE) has set the price band for its IPO at Rs 1,700-1,785 per share, with the offer size reduced to 12.64 crore shares. This IPO size falls short of becoming India's largest, as it overtakes Hyundai Motor India's 2024 mega issue, which was valued at approximately Rs 27,870 crore. NSE's IPO will be open for public bidding from September 17 to September 21, with the anchor book scheduled to open on September 16. The IPO's valuation at the upper end of the price band will be Rs 22,561.57 crore, making it the second-largest IPO in Indian history. Following the announcement, Sensex and Nifty indices experienced brief surges, but these gains were not sustained by the end of the trading week. Bernstein recently downgraded BSE shares with an 'Underperform' rating, citing signs of moderation in retail participation and potential normalization of growth.",
  "summary": "BSE shares fell on Friday after rival NSE announced its Rs 22,662-crore IPO, with the issue set to open on September 17. Bernstein has an ‘Underperform’ rating on BSE, citing moderating retail participation and potential peaking of market share gains in FY27. The stock remains sharply higher over longer periods.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}