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National Stock Exchange of India makes market debut on BSE and MSEI
The National Stock Exchange of India (NSE) made its highly anticipated market debut on Thursday, September 24, listing on the Bombay Stock Exchange (BSE) and the Metropolitan Stock Exchange of India (MSEI). The IPO, which was India’s second-largest public issue following Hyundai Motor India, raised approximately 226 billion rupees (US$2.4 billion). The offering was structured entirely as an offer for sale (OFS) involving 12.64 crore equity shares, meaning the proceeds go to existing shareholders rather than the exchange itself.
Shares listed at Rs 1,800, representing a modest 0.84% premium over the issue price of Rs 1,785. Despite the muted initial listing, the stock saw significant trading activity, with nearly 1 crore shares traded within the first hour. Following the debut, the stock experienced volatility, rising as much as 5% to reach levels around Rs 1,878 before stabilizing. The NSE’s market capitalization was estimated at approximately Rs 4.42 lakh crore to Rs 4.56 lakh crore upon listing.
The IPO saw strong investor interest, with an overall subscription of 5.71 times. Qualified institutional buyers (QIBs) showed the highest demand, with their portion subscribed 12.68 times. NSE Managing Director and CEO Ashish Kumar Chauhan noted that more than 34 lakh retail investors were allotted shares, describing the event as a new beginning for the institution.
Entities
Ashish Kumar Chauhan · BSE · Bombay Stock Exchange · India · MUFG Intime India · Metropolitan Stock Exchange of India · National Stock Exchange of India · Securities and Exchange Board of India · Srinivas Injeti
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] The qualified institutional buyers’ portion of the IPO was subscribed 12.68 times. pagalparrot.com · indtoday.com · www.timesnownews.com · desitalkchicago.com · www.news9live.com · +2 more
- [● 10 SOURCES] The IPO was subscribed 5.71 times overall. pagalparrot.com · indtoday.com · www.businesstimes.com.sg · www.news9live.com · www.socialnews.xyz · +4 more
- [DISPUTED] The implied market capitalization of the NSE was roughly Rs 4.42 lakh crore. pagalparrot.com · www.albiladpress.com
- [● 2 SOURCES] NSE shares were listed on both the Bombay Stock Exchange (BSE) and the Metropolitan Stock Exchange of India (MSEI). www.zoomnews.in · www.businesstimes.com.sg
- [DISPUTED] The National Stock Exchange (NSE) debuted on the stock market on Thursday, September 24. www.zoomnews.in · www.it-boltwise.de · pagalparrot.com · www.businesstimes.com.sg · indtoday.com · +7 more
- [DISPUTED] The IPO volume was 226 billion rupees, approximately 2.4 billion US dollars. www.it-boltwise.de · www.businesstimes.com.sg · www.timesnownews.com
- [● 11 SOURCES] The shares were priced at 1,785 rupees each, which was the top end of the marketed range. pagalparrot.com · www.businesstimes.com.sg · indtoday.com · www.timesnownews.com · desitalkchicago.com · +5 more
- [● 5 SOURCES] The NSE IPO was entirely an offer for sale involving 12.64 crore equity shares. indtoday.com · www.timesnownews.com · desitalkchicago.com · www.newsbytesapp.com · www.socialnews.xyz