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The Economic Times
The Economic Times
Debaroti Adhikary

NSE IPO GMP at 12% as stock exchange announces price band, key dates. 10 things to know

NSE IPO India Hyundai Motor India SEBI Debaroti Adhikary

The grey market premium for the NSE IPO stood at around 11-12% after the company fixed the price band and announced other crucial details about its much-awaited public issue that aims to raise around Rs 22,662 crore from India’s primary market.

NSE has reduced its offer size to 12.64 crore shares, according to the red herring prospectus (RHP) filed on Thursday. The initial public offering thereby has missed the mark of becoming India’s largest IPO so far by overtaking Hyundai Motor India’s 2024 mega issue which was valued at around Rs 27,870 crore.

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