Shares of IFCI, New India Assurance Company (NIACL), and General Insurance Corporation of India fell up to 3% on Thursday as National Stock Exchange (NSE) shares listed at less than a 1% premium over the IPO price, with investors keeping a close watch on the stocks that have exposure to the exchange.
NSE’s market debut today will wrap up a long-running process that faced several delays. The stock exchange’s initial public offering was launched earlier this month to raise Rs 22,562 crore entirely through an offer for sale (OFS) of 12.64 crore shares by existing shareholders at a price band of Rs 1,700 to Rs 1,785 apiece.
