Economy
NSE to Announce IPO Price Band Tomorrow Amid Valuation Cuts
Moneycontrol2h
THE BRIEF
1
The National Stock Exchange (NSE) is set to announce its IPO price band on September 11, following reports of a 15% reduction in its valuation target.
2
The exchange is expected to raise approximately ₹23,500 crore, though the offer size has faced pressure as some shareholders withdrew from the planned offer-for-sale.
3
Market analysts suggest the valuation adjustment reflects a cooling in the global options trading boom, which previously served as a primary driver for the exchange's growth.