NSE IPO subscribed 5.7 times as bidding ends, shares to list on September 24

The $2.3 billion initial public offering of the National Stock Exchange of India (NSE) was subscribed 5.7 times by the end of the final day of bidding on Monday, as investors placed bids for more than five times the shares on offer.The IPO, India's second-largest public issue, received bids for 502.69 million shares against 88.64 million shares on offer as of 5:02 pm, exchange data cited by Reuters showed.Including anchor investments, the total value of bids stood at Rs 96,476 crore ($10.07 billion) at the upper end of the IPO's price band of Rs 1,700-1,785 per share.The final amount could change as bid details were due to be updated until 7 pm.NSE shares are scheduled to begin trading on Thursday, September 24, marking the culmination of a decade-long effort by India's biggest stock exchange operator to enter the public markets.Strong institutional demandThe IPO had received 3.92 times subscription by 2:35…