NSE makes muted debut, lists at Rs 1,800 with 0.84% premium

The National Stock Exchange of India (NSE) made its stock market debut on Thursday, September 24, with its shares listing at Rs 1,800 on the BSE. This is a 0.84% premium over its IPO price of Rs 1,785. The listing comes after NSE’s Rs 22,561 crore IPO, which was subscribed5.71 timesduring the three-day bidding process. The issue received bids for 50.58 crore shares against 8.86 crore shares on offer. The IPO was priced in the range of Rs 1,700-1,785 per share, with the company fixing the final price at the upper end of the band. The minimum lot size was eight shares, taking the minimum investment to Rs 14,280. The issue was entirely an offer for sale (OFS), meaning existing shareholders sold their shares while NSE itself did not receive any funds from the IPO. The qualified institutional buyers (QIB) portion was subscribed 12.68 times, while the non-institutional investor (NII) category saw 6.55 times subscription. In comparison, the retail portion was subscribed 1.39 times. The much-hyped NSE IPO, however, did not deliver a big listing pop. The shares listed at Rs 1,800, just 0.84% above the issue price of Rs 1,785. This was lower than the premium indicated by grey market trends ahead of the debut, which had pointed to a listing price of around Rs 1,825-1,865. NSE is India's largest stock exchange and has a dominant share of the country's equity and derivatives trading. It had more than 129 million registered investors as of March 2026. The share price is currently tarded at Rs 1,862 (as of 10.26 AM), with the total market capitalization of Rs 4,60,845 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.

Original source: Entrackr