NSE IPO Day 3: Subscription hits nearly 1.5 times, GMP at 3%. Should you apply?
- On Monday, the NSE IPO closed with about 5.7 times subscription, attracting bids for more than 50 crore shares. This marks India's second-largest public issue.
- Before the issue opened, the NSE raised ₹6,746 crore from anchor investors including Life Insurance Corporation, Goldman Sachs, and Fidelity. The mega IPO generated nearly ₹90,300 crore of demand against the ₹22,568 crore issue size.
- Qualified Institutional Buyers led demand with 12.68 times subscription, while the NII portion was subscribed 6.55 times. Retail investors booked their portion 1.39 times.
- Proceeds from the share sale accrue to selling shareholders like State Bank of India and Bank of Baroda, as the offering is entirely an Offer for Sale . This structure means no capital flows directly to the NSE.
- NSE shares are expected to be listed on the BSE on September 24. The public issue marks a significant milestone for the exchange, whose listing plans had remained stalled for nearly a decade amid regulatory hurdles.
28 Articles
28 Articles
Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq
The $2.3 billion NSE IPO, India's largest public share sale issue so far this year, has drawn strong interest from investors, with bids of more than $10 billion.
India's NSE IPO draws over US$10 billion, traders eye modest listing pop
MUMBAI: The National Stock Exchange of India's IPO drew more than US$10 billion by the final day of bidding on Monday (Sep 21), as investors look to tap into a boom in public listings in Asia's third-largest economy.The US$2.3 billion
NSE’s $2.4 Billion India IPO Subscribed 5.7 Times as Books Close
National Stock Exchange of India Ltd.’s $2.4 billion initial public offering, one of the largest in India’s history, was subscribed 5.7 times as investors delivered their verdict on the long-awaited deal.
NSE IPO Subscribed 5.7 Times as QIBs Lead Demand; Shares to List on BSE on Thursday
Get latest articles and stories on Business at LatestLY. The initial public offering of the National Stock Exchange of India is set to move towards allotment after the Rs 22,561-crore issue was subscribed 5.69 times by the close of bidding on Monday, with qualified institutional buyers showing the strongest demand among major investor categories. Business News | NSE IPO Subscribed 5.7 Times as QIBs Lead Demand; Shares to List on BSE on Thursday.
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