• Source:JND
HighLights
  1. NSE IPO opened for public subscription on September 17.
  2. Day 1 subscription reached 0.24 times by noon.
  3. Grey Market Premium (GMP) declined, estimated at a 7.84 per cent gain.

The much-awaited Rs 22,569-crore National Stock Exchange’s (NSE) initial public offering (IPO) opened for public subscription on Thursday, September 17. The initial share sale was subscribed 0.24 times, or 24 per cent, within hours on the first day, receiving bids for 2,16,50,504 shares against 8,86,42,911total offered shares, according to NSE data till 12:12 PM. Meanwhile, its grey market premium declined below 10 per cent.  

The IPO, which is entirely an offer for sale by existing stakeholders, will close on September 21. Earlier, on September 16, the NSE IPO attracted Rs 6,746 crore from anchor investors. 

NSE IPO Day 1: Subscription Status

  • Total Subscription till 12:12 PM - 0.24 Times or 24 per cent.
  • Employees Quota was subscribed- 0.60 times or 60 per cent.
  • Retail Investors category: 0.27 times or 27 per cent. 
  • Non-Institutional Investors Category - 0.35 times or 35 per cent 
  • Qualified Institutional Buyers quota-  0.11 times or 11 per cent. 

NSE IPO GMP 

NSE IPO GMP declined on the first day after the IPO opened for subscription. The NSE’s IPO latest recorded Grey Market Premium was Rs 140, last updated at 11:55 AM on Investorgain–a grey market tracker. The GMP showed an estimated listing at RS 1,925, up 7.84 per cent from the upper price band of Rs 1785.00.  Earlier last week, the NSE GMP was hovering over Rs 200 per share.

Note: The grey market is an unofficial market where shares trade before listing. The Premium or discount in the grey market does not guarantee an exact listing price. 

Also Read: Rentomojo, LCC Projects & 4 More IPOs List Today: Check Who's Leading With 31% Listing Gains

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.


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