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National Stock Exchange receives SEBI approval for ₹30,000 crore IPO
The National Stock Exchange of India (NSE) has received regulatory approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The offering, estimated at approximately ₹30,000 crore, is structured as an offer for sale (OFS) involving the sale of 14.89 crore shares, representing about 6% of the exchange's paid-up capital. Major sellers include the SBI Group, which plans to offload approximately 2.48 crore shares. The NSE aims to list its shares during the week of September 21.
In other market news, ESDS Software Solution saw a significant stock market debut, with shares hitting a 20% upper circuit on the NSE shortly after listing. The company's shares rose over 111% from their IPO price of ₹429. The ₹720 crore IPO was oversubscribed 135.88 times. Additionally, Priority Jewels successfully listed on the NSE at a 15% premium over its issue price.
Separately, SEBI and the European Securities and Markets Authority (ESMA) signed a memorandum of understanding to enhance cooperation and information exchange regarding central counterparties (CCPs).
Entities
BSE · ESDS Software Solution · ESDS Software Solutions · NSE · National Stock Exchange · National Stock Exchange of India · Priority Jewels · Securities and Exchange Board of India · State Bank of India
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] The ESDS Software Solution IPO was subscribed 135.88 times. hindi.business-standard.com · www.investingcube.com · hindi.news18.com · tradebrains.in · inc42.com · +1 more
- [● 4 SOURCES] The SBI Group plans to sell approximately 2.48 crore shares in the NSE IPO. samacharnama.com · cryptobriefing.com · www.dtnext.in · www.orissapost.com
- [● 4 SOURCES] The NSE IPO is structured entirely as an offer for sale (OFS). samacharnama.com · cryptobriefing.com · www.dtnext.in · www.orissapost.com
- [○ 1 SOURCE] NSE aims to list its shares during the week of September 21. cryptobriefing.com
- [● 4 SOURCES] The NSE IPO is expected to raise approximately ₹30,000 crore. samacharnama.com · cryptobriefing.com · www.dtnext.in · www.orissapost.com
- [● 2 SOURCES] Priority Jewels shares listed at a 15% premium on the NSE. hindi.business-standard.com · www.businesstoday.in
- [● 4 SOURCES] SEBI issued an observation letter for the National Stock Exchange (NSE) IPO. samacharnama.com · cryptobriefing.com · www.dtnext.in · www.orissapost.com
- [● 7 SOURCES] ESDS Software Solution shares hit a 20% upper circuit on the NSE following its debut. hindi.business-standard.com · www.investingcube.com · hindi.news18.com · tradebrains.in · inc42.com · +1 more