CATCH ME UP
NSE has fixed its initial public offering price band at Rs 1,700 to Rs 1,785 per share.
The issue is valued at about Rs 22,561-Rs 22,569 crore and is entirely an offer for sale by existing shareholders.
Subscription opens on September 17, with anchor investor bidding on September 16 in one report.
The issue closes on September 21, and listing is scheduled for September 24.
Why it mattersThe IPO terms determine investor demand, fundraising size, and the market value assigned to India’s largest stock exchange.
More context
Several existing shareholders, including SBI, have reduced their proposed sale quantities, while LIC is reported to have decided not to sell shares.