NSE IPO Priced at ₹1,700-1,785, Subscription Starts Next Week
What Happened
National Stock Exchange (NSE) has fixed its IPO price band at ₹1,700-1,785 per share, with subscriptions opening on September 17 and closing on September 21. The IPO is an Offer for Sale (OFS) of up to 12.64 crore shares, valued at around ₹22,500 crore, making it India's second-largest IPO after Hyundai Motor India's public issue.
Key Takeaways
The IPO marks the culmination of NSE's nearly 10-year-long journey to listing, delayed by regulatory hurdles and legal issues. As one of India's most important financial institutions, NSE's listing is expected to be a landmark event for the country's capital markets.