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The Economic Times
The Economic Times
Akash Podishetti

NSE IPO opens with 7% GMP. Should you subscribe to Rs 22,569 crore issue?

NSE IPO BSE Podishetti Akash Yes Securities India SEBI

The NSE IPO opened for subscription on Thursday, bringing to the market one of the most awaited public issues in India's capital-market history. The Rs 22,569 crore issue is entirely an offer for sale of 12.64 crore shares. NSE will not receive any proceeds from the IPO, as the money will go to selling shareholders. The price band has been fixed at Rs 1,700-1,785 per share, with a lot size of 8 shares.

At the upper end of the price band, the minimum retail application comes to Rs 14,280 and the post-issue market capitalisation works out to about Rs 4,41,788 crore. The issue will close on September 21 and the stock is expected to list on BSE on September 24.

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