Economy
NSE allocates ₹6,745 crore to anchor investors ahead of mega IPO launch

NSE allocates ₹6,745 crore to anchor investors ahead of mega IPO launch

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THE BRIEF
1

The National Stock Exchange allocated shares worth ₹6,745 crore to more than 100 anchor investors ahead of its initial public offering opening on September 17.

2

Key institutional buyers in the anchor book included LIC, Norway's Norges Bank, Abu Dhabi Investment Authority, and Fidelity.

3

The ₹22,561.57 crore offer for sale features a price band of ₹1,700 to ₹1,785 per share and is scheduled to close on September 19.