Stories
NSE Debuts on BSE with 0.84% Premium, Shares Soar Over 5% After Listing
- •National Stock Exchange of India (NSE) made its debut on the BSE, listing at Rs 1,800, a 0.84% premium over its issue price of Rs 1,785.
- •Shares of NSE surged over 5% after listing, reaching Rs 1,876.70, marking its transition into a publicly traded company.
- •NSE Managing Director and CEO Ashish Kumar Chauhan highlighted that over 34 lakh retail investors were allotted shares in the IPO, expressing gratitude for the investor community's trust.
- •The Rs 22,561-crore IPO was subscribed 5.69 times, with qualified institutional buyers showing strong demand at 12.68 times subscription.
- •The listing is among India’s largest public offerings and marks the long-awaited public debut of the country’s largest stock exchange after years of delays.
Key Questions Answered
Shares of the National Stock Exchange of India (NSE) debuted on the BSE at Rs 1,800, marking a 0.84 per cent premium over the issue price of Rs 1,785. Following its market entry, the stock climbed further, rising over 5 per cent to touch Rs 1,876.70.
The Rs 22,561-crore NSE IPO was subscribed 5.69 times during the September 17-21 bidding period. The offering received bids for 50.40 crore shares against the 8.86 crore shares on offer, with qualified institutional buyers exhibiting the highest demand at 12.68 times subscription.
Indian regulations prohibit stock exchanges from self-listing to prevent potential conflicts of interest between regulating and trading themselves. Consequently, NSE pursued its public offering and listing on an alternative recognized exchange, the Bombay Stock Exchange (BSE).
