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IPO● Neutral for Indian equities
NSE listing sees India's biggest exchange near bottom of Rs 10,000 crore IPO club
The brief
- NSE made a muted debut, gaining 0.8% and ranking near the lower end of the ₹10,000 crore-plus IPO club
- NSE's muted listing offers a valuation signal for Indian exchange and brokerage investors
- Blockbuster debut! Robokidz Eduventures SME shares hit upper circuit after 90% IPO listing gains
- Nityas Gems and Jewellery to open mainboard IPO on September 30 with price band at Rs 70-75
- A-One Steels IPO Day 3: GMP at 14%, issue subscribed 1.35 times; key details
- Vishal Nirmiti IPO to open on September 30, sets price band at Rs 208-220 per share
- India’s logistics & mobility startups warm up to IPOs as investor interest gathers pace
NSE IPO debut, valuation and self-listing plans
NSE’s ₹22,569 crore IPO was subscribed nearly six times, and its shares opened at ₹1,800 before rising to ₹1,845. The exchange has said it is open to self-listing if SEBI permits; analysts have flagged its valuation of ₹4.4 trillion, or 43 times earnings.
Thursday, 24 September
- NSE listing sees India's biggest exchange near bottom of Rs 10,000 crore IPO club