Stories
Share Market LIVE: When will NSE list? Profit or Loss Today? Gift Nifty Signals Weak Opening.
- •Investors are curious whether today will be a profitable or loss-making day in the stock market.
- •If you are preparing to invest in the stock market today, Wednesday, September 23, Gift Nifty has already given a signal.
- •This morning, Gift Nifty is trading down by more than 58 points, indicating a weak opening for the market.
- •Gift Nifty is trading at 23,341.50 this morning, down 0.25 percent.
- •NSE's listing is also coming soon, and shares will be allotted to those who invest in it.
Key Questions Answered
The Rs 22,569 crore NSE IPO closed with an overall subscription of 5.71 times, receiving bids for 50.58 crores shares against 8.86 crores shares on offer. The mega public issue generated a massive demand of approximately Rs 90,300 crores.
At the upper price band of Rs 1,785, NSE's estimated market capitalization would reach approximately Rs 4.42 lakh crores, positioning it as India's 12th largest listed company right between Titan Company and Sun Pharmaceutical Industries. Even at the lower price band of Rs 1,700, the company's market value would be around Rs 4.21 lakh crores.
The NSE IPO price band was set between Rs 1,700 and Rs 1,785 per share. The offering was structured entirely as an offer for sale (OFS) involving the sale of 126.44 crores shares.
