NSE Shares Make Muted Debut, List At Nearly 1% Premium Against IPO Price

The shares of National Stock Exchange made a muted stock market debut, listing at Rs 1,800 at BSE, up nearly a per cent from the upper limit of the IPO price of Rs 1,785 per share. The Rs 22,569 crore initial public offering (IPO) was subscribed 5.71 times during the bidding period--September 17-21. 

However, the NSE shares jumped after debut. Last seen, the shares were trading at Rs 1,862, up Rs 62 or 3.44 per cent from the listing price and Rs 77 or 4.31 per cent from the IPO price band.

The listing value was even lower than the latest GMP, which was predicting a premium of Rs 40, or 2.24 per cent.   

The IPO was an entirely offer-for-sale (OFS) of 12.64 crore equity shares offered by existing shareholders. The OFS size was reduced by nearly 15 per cent to up to 12.64 crore equity shares from the earlier proposed 14.89 crore equity shares. The exchange fixed a price band of Rs 1,700-1,785 per equity— at the upper end of the price band, NSE raised Rs 22,569 crore, making it the country's second-largest public issue after Hyundai Motor India's Rs 27,870-crore initial share sale in 2024. 

NSE IPO Subscription Status 

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.

NSE IPO Details 

Disclaimer: This story is for informational purposes only. It should not be considered investment advice.