NSE's ₹22,561 crore IPO tests investor appetite
after close1 source ↓written by the desknot a recommendation
The National Stock Exchange of India (NSE) announced its IPO on 15 Sep, with a price band of ₹1,700 to ₹1,785 per share. The IPO, valued at ₹4.42 lakh crore, is the largest in Indian history but has seen a reduction in size from ₹31,500 crore to ₹22,561 crore due to a 15% cut in proposed stake sales by shareholders.
This Offer for Sale (OFS) of 12.6 crore shares means NSE will not receive any proceeds, raising questions about investor appetite amid reduced offerings. 📉
Not investment advice. For informational purposes only.