Economy
NSE IPO Opens for Subscription, Receives 0.43% Bids on Day One
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THE BRIEF
1
The National Stock Exchange IPO opened for subscription on September 17, receiving bids for 3.83 crore shares against the 8.86 crore shares on offer.
2
The portion reserved for wealthy non-institutional investors was subscribed 69%, while retail investors bid for about 42% of their allotted shares.
3
NSE shares are trading at a modest grey market premium of ₹148, with the ₹22,561.57 crore issue entirely comprising an Offer for Sale in a price band of ₹1,700 to ₹1,785.