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The Economic Times
The Economic Times

NSE's IPO to be second biggest till now as offer size cut, price band lowered

NSE LIC IPO Ashishkumar Chauhan SEBI India RHP

Largest equity bourse NSE on Friday announced final contours of its much-delayed initial public offering (IPO), with existing shareholders cutting the quantum of their holdings to be sold and a final price band, which is lower than what was broadly expected.

The entire issuance comprises an offer for sale (OFS) from the existing shareholders, and with a price band of Rs 1,700-1,785 per share, the exchange will mop up between Rs 21,494 crore and Rs 22,569 crore from the issue, which opens for subscriptions on September 17.

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