Economy
NSE IPO Becomes India's Second-Largest at ₹22,562 Crore
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THE BRIEF
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The National Stock Exchange (NSE) IPO raised ₹22,562 crore, making it India's second-largest public offering, falling short of initial expectations to be the biggest.
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The issue size was reduced due to merchant bankers advising a lower price, leading some investors to reduce their offers, with selling shareholders reluctantly agreeing.
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The IPO received over ₹90,200 crore in demand, subscribed 5.71 times, with NSE shares set to trade starting Thursday.