NSE reduces IPO price band by 15% amid stake sale changes
pre-market1 source ↓written by the desknot a recommendation
- per share
- ₹1,700-1,785
- from the earlier
- 15% reduction
- earlier range
- ₹2,000-2,100
- be trimmed
- 5.5%
- due to shareholder
- 6%
The National Stock Exchange of India (NSE) plans to price its IPO at ₹1,700-1,785 per share, a 15% reduction from the earlier range of ₹2,000-2,100. The stake on offer is likely to be trimmed to 5.5% from 6% due to shareholder pullbacks. This adjustment could raise around ₹24,300 cr, valuing NSE at ₹4.42 lakh cr.
Not investment advice. For informational purposes only.