NSE IPO may open on Sept 18, list on Sept 25; Rs 30,000 crore issue in sight: Report
The National Stock Exchange (NSE) is reportedly planning a Rs 30,000-crore IPO, which would be India's largest to date. The issue is expected to open on September 18 and list on September 25, featuring an offer for sale by major shareholders like SBI.
Why it matters
The NSE IPO represents a major milestone for Indian capital markets, potentially setting a new record for public offerings in the country.
The nearly Rs 30,000-crore initial public offering (IPO) of the National Stock Exchange (NSE) is likely to open for public subscription on September 18 and list on September 25, sources said on Tuesday.The price band for the much-awaited issue is expected to be announced on September 15, followed by the anchor book on September 17, according to the sources cited by news agency PTI.The public issue is likely to remain open on September 18, September 21 and September 22.There has been no official announcement from NSE on the proposed issue calendar.If launched at around Rs 30,000 crore, the offering would surpass Hyundai Motor India's Rs 27,870-crore IPO in 2024 and become India's largest IPO.Also read: NSE IPO could be worth Rs 30,000 crore after Sebi gives green signalNSE IPO to be an offer for saleThe NSE IPO will comprise an offer for sale (OFS) of up to 148.9 million equity…
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