{
  "id": 8270841,
  "title": "NSE IPO subscribed 1.16 times on Day 2 led by non-institutional investors, QIBs",
  "url": "https://urgent.news/2026/09/18/nse-ipo-subscribed-1-16-times-on-day-2-led-by-non-institutional",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T15:45:42.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/nse-ipo-subscribed-1-16-times-on-day-2-led-by-non-institutional-investors-qibs/articleshow/134338877.cms"
  },
  "original_language": "en",
  "account": "India's National Stock Exchange (NSE) successfully completed its initial public offering (IPO) on its second day of bidding, with a 1.16 times subscription rate. The Rs 22,569-crore IPO has surpassed both Hyundai Motor India's Rs 27,870-crore offering and LIC's Rs 21,000-crore offering to become the second largest public issue in India. Both non-institutional investors and qualified institutional buyers (QIBs) contributed to the high demand, with the NII category being fully subscribed 1.68 times and the QIB category 1.53 times. Retail investors accounted for 72% of the shares reserved for them. NSE raised Rs 6,746 crore from anchor investors, including LIC, Goldman Sachs, and Fidelity, before the IPO opened. The issue is an Offer For Sale (OFS), with existing shareholders offering up to 12.64 crore equity shares. NSE will not receive any proceeds from the share sale and will list the shares next week.",
  "summary": "The Rs 22,569-crore IPO has become India’s second-largest public issue, behind Hyundai Motor India’s Rs 27,870-crore offering in 2024. It has also moved past LIC’s Rs 21,000-crore IPO of 2022, but remains smaller than Hyundai Motor India’s record issue.",
  "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."
}