- NSE IPO fully subscribed on Day 2, September 18.
- Overall subscription reached 1.04 times by 4:24 PM
- Grey Market Premium (GMP) for NSE IPO is declining.
NSE IPO was fully subscribed on Friday, September 18- the second day of bidding- receiving bids for 9,23,04,952 shares as compared to 8,86,42,911 total offered shares, as per NSE data till 4:24 PM. The Mega Rs 22,569-crore National Stock Exchange’s initial public offering (IPO) opened for public subscription on Thursday, September 17. Meanwhile, the grey market premium for the IPO has been declining for the past week.
NSE IPO Subscription Status
According to consolidated bid details on NSE--till 4:24 PM--the overall subscription for the IPO was 1.04 times. The shares reserved for Employees, Qualified Institutional Investors and Non-Institutional Investors were fully booked. However, the retail portion lagged.
Category | Subscription (times) |
|---|---|
Overall Subscription | 1.04 |
Employees | 1.47 |
Retail | 0.69 |
Non-Institutional Investors | 1.48 |
Qualified Institutional Investors | 1.32 |
NSE IPO GMP
NSE IPO latest Grey Market Premium (GMP) was Rs 113-- updated at 04:37 PM on Investorgain, a grey market tracker. With this, the NSE shares show an estimated listing price at Rs 1,898, up 6.33 per cent from the IPO's upper price band of Rs 1785.00.
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The grey market is an unofficial market where a company's shares trade before listing. The GMP value does not guarantee exact gain or loss on the listing.
Price Band, And Others: NSE IPO Details
Parameter | Details |
|---|---|
Issue Type | Offer-for-Sale (OFS) |
Shares Offered | Up to 12.64 crore equity shares |
Price Band | Rs 1,700 – Rs 1,785 per equity share |
Expected Valuation | Rs 4.2 lakh crore – Rs 4.42 lakh crore (at upper price band) |
Significance | India's 2nd largest IPO (after Hyundai Motor India's Rs 27,870-crore IPO in 2024) |
OFS Size Was Reduced
Due to the reduction in the size of OFS compared to the previously planned 14.9 crore shares, the total issue size has been reduced from the initial estimate of approximately Rs. 30,000 crore. At the lower end of the price range, the issue is valued at approximately Rs. 21,494 crore, while at the upper end it is valued at approximately Rs. 22,569 crore.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.