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National Stock Exchange sets IPO price band and dates
The National Stock Exchange (NSE) has finalized the details for its upcoming initial public offering (IPO). The subscription period is scheduled to open on September 17 and close on September 21, with anchor investor bidding beginning on September 16.
The exchange has set a price band of ₹1,700 to ₹1,785 per equity share. The issue is structured entirely as an Offer for Sale (OFS), meaning the proceeds will go to existing shareholders rather than the NSE itself. At the upper price limit, the IPO is expected to raise between approximately ₹21,494 crore and ₹22,567 crore, potentially making it one of India’s largest public offerings.
Key details for investors include a minimum lot size of eight shares, requiring a minimum investment of ₹14,280 at the upper price band. Eligible employees will receive a discount of ₹170 per share. The allotment process is expected to conclude by September 22, with shares anticipated to begin trading on the Bombay Stock Exchange (BSE) on September 24.
Entities
Bombay Stock Exchange · Kotak Mahindra Capital · Morgan Stanley · National Stock Exchange · Securities and Exchange Board of India · State Bank of India
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Trading is expected to commence on September 24. samacharnama.com · www.newsbytesapp.com · www.news18.com
- [● 3 SOURCES] NSE has set an IPO price band of ₹1,700 to ₹1,785 per share. samacharnama.com · www.newsbytesapp.com · www.news18.com
- [● 2 SOURCES] Eligible employees will receive a discount of ₹170 per share. samacharnama.com · www.newsbytesapp.com
- [● 3 SOURCES] The IPO subscription period opens on September 17 and closes on September 21. samacharnama.com · www.newsbytesapp.com · www.news18.com
- [○ 1 SOURCE] Share allotment is expected to be finalized by September 22. samacharnama.com
- [○ 1 SOURCE] At the upper price band, NSE's market capitalization will reach approximately ₹4.41 lakh crore. www.newsbytesapp.com
- [○ 1 SOURCE] The proposed IPO size has been reduced by approximately 15% compared to previous plans. www.newsbytesapp.com
- [● 2 SOURCES] The IPO is an entirely Offer for Sale (OFS) structure. samacharnama.com · www.newsbytesapp.com