NSE Cuts IPO Price Range, Giving up Shot at India’s Top Listing
- On Tuesday, sources reported the National Stock Exchange will likely price its IPO between ₹1,700 and ₹1,785 per share, positioning India's dominant derivatives exchange for a major public listing.
- The NSE IPO's offer for sale is shrinking from 6% to about 5.5% of total equity capital as some shareholders opt out, believing they can achieve better valuations by selling stakes later.
- Reduced stakes could bring the overall issue size down to ₹25,000-27,000 crore, compared with an earlier ₹30,000 crore estimate, potentially keeping the offering below Hyundai Motor India's ₹27,870 crore record.
- Following Sebi's recent clearance of the public issue, shares are likely to list on September 25, ahead of the 'Pitru Paksha' period beginning September 26.
- Valued at up to ₹4.4 trillion rupees at the upper end, the NSE IPO aims to attract retail investors, while billionaire Mukesh Ambani's Jio Platforms remains a comparable offering estimated at ₹37,700 crore.
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NSE IPO size likely to shrink to Rs 25,000-27,000 crore as shareholders pull back from OFS
The National Stock Exchange's (NSE) initial public offering (IPO) is expected to shrink in size to Rs 25,000-27,000 crore, down from an earlier estimate of Rs 30,000 crore, as some shareholders are reducing their offer for sale (OFS) stake.
NSE IPO: Check GMP, price band, issue size, listing date and other details
Reports said the National Stock Exchange may launch its long-awaited IPO on 18 September with a reported price band of Rs 1,700 to Rs 1,785 a share. The proposed issue, seen at nearly Rs 30,000 crore, could rank among India's biggest listings if the terms are confirmed.
NSE Set to Price India IPO at 1,700 to 1,785 Rupees a Share
National Stock Exchange of India Ltd. is likely to price its long-awaited initial public offering at 1,700 rupees to 1,785 rupees a share, below an earlier marketed range of 2,000 rupees to 2,100 rupees, according to people familiar with the matter.
NSE IPO likely to open on September 18, could raise record Rs 30,000 crore - The Tribune
The nearly Rs 30,000-crore initial public offering (IPO) of the National Stock Exchange is likely to open for public subscription on September 18, and list on September 25, sources said on Tuesday. The price band for the IPO was expected to be announced on September 15, followed by the anchor book on September 17, they […]
The National Stock Exchange of India Ltd. (NSE) will probably define the price of its expected initial public offer (IPO) between 1,700 (US$ 17.93) and 1,785 rupees (US$ 18.83) per share, below the previously disclosed band of 2,000 (US$ 21.10) to 2,100 rupees (US$ 22.15), according to people on the subject. Exclusive material for subscribers. To have full access, access the link of the subject and register.
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