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IPO● Neutral for Indian equities
NSE shares list on the BSE at ₹1,800, a 0.8% premium to issue price
The brief
- NSE shares listed on BSE at ₹1,800, a 0.8% premium to the issue price
- The ₹22,561.57 crore IPO was subscribed 5.71 times
- The listing offers exposure to India’s exchange operator and may influence valuations of listed market intermediaries
- Sensex tanks 730 points amid surging crude oil prices, geopolitical uncertainties
- Adani Enterprises shares drop 2% after Adani group entities swap 86 lakh shares for ₹2,498 crore | Details here
- Sollfege Smart Electronics IPO to raise ₹21.7 cr, open on Sep 30
- 10 BSE 500 smallcaps rose for five sessions despite a Sensex decline
- BSE cautions investors as international ETFs trade at steep premiums to NAV
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 shares list on the BSE at ₹1,800, a 0.8% premium to issue price