NSE’s ₹22,569-Crore IPO Fully Subscribed on Day 2
- National Stock Exchange’s IPO was 42% subscribed on its first day, with bids for 36,966,624 shares against 88,642,911 shares offered.
- Non-Institutional investors subscribed to 70% of their portion, while retail investors subscribed to 42%.
- The IPO is entirely an offer for sale, so National Stock Exchange will not receive proceeds; selling shareholders will receive the funds after expenses.
- The subscription period runs from September 17 to September 21, with share allotment expected on September 22 and trading on the BSE expected from September 24.
14 Articles
14 Articles
NSE IPO Oversubscribed 1.10 Times on Day 2, QIB Portion Subscribed 1.43 Times
Get latest articles and stories on Business at LatestLY. The overall subscription stood at 1.10 times, with demand from qualified institutional buyers (QIBs), non-institutional investors (NIIs) and employees taking their respective portions above full subscription, while the retail portion remained below full subscription. Business News | NSE IPO Oversubscribed 1.10 Times on Day 2, QIB Portion Subscribed 1.43 Times.
NSE IPO Day 2 LIVE: Mega-IPO subscribed 46% so far
NSE IPO Day 2 Live Updates: NSE IPO, Check issue details, subscription status, listing date and more | The ₹22,561.57 crore IPO of the National Stock Exchange opens for subscription today, September 17, and closes on September 21. Price band: ₹1,700–₹1,785 per share Entirely an Offer for Sale (OFS) NSE will not receive proceeds from the issue Implied market capitalisation at the upper band: ₹4.41 lakh crore Anchor investors have already invested…
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