NSE Opens IPO After Decade-Long Wait, Price Band Set at ₹1,700–₹1,785
The National Stock Exchange of India (NSE) opened its IPO for public subscription on Thursday, September 17, marking its entry into the market nearly a decade after its listing plan was first announced. The price band is set at ₹1,700–₹1,785 per equity share with a face value of ₹1. The offer comprises up to 12.64 crore shares valued at ₹21,494 crore to ₹22,562 crore.
Retail investors can bid for a minimum lot of eight shares and multiples thereof, requiring an investment of ₹13,600 to ₹14,280 per lot. The subscription window closes on Monday, September 21, with shares set to list on the BSE on September 24. Allocation includes 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail bidders. The issue is an offer for sale by existing shareholders including State Bank of India and Canada Pension Plan Investment Board; NSE will not receive any proceeds.
At the upper price band, NSE is valued at approximately ₹4.42 lakh crore, making this India's second-largest IPO after Hyundai Motor India's ₹27,870-crore offer. Prior to the public issue, anchor investors subscribed 3.78 crore shares at ₹1,785 each, raising ₹6,746 crore.
