New Delhi, Sept. 17 -- The mega Rs 22,569-crore initial public offering of the NSE opened for subscription on Thursday, with the issue getting subscribed 43 per cent on the first day of bidding. The offering is India's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO in 2024.
The NSE IPO received bids for 3.83 crore shares against 8.86 crore shares on offer, as per data available with the exchanges.
The category for non-institutional investors was subscribed 72 per cent & the retail portion was booked 44 per cent. The quota for Qualified Institutional Buyers garnered 19 per cent subscription.
The NSE on Wednesday raised Rs 6,746 crore from anchor investors, including state-owned LIC, Goldman Sachs and Fidelity.
Additionally, sovereign wealth funds GIC Singapore, Abu Dhabi Investment Authority (ADIA) and Norges Bank, as well as Eastspring and HSBC Global Asset Management also participated in the anchor round.
Published by HT Digital Content Services with permission from Millennium Post.