NSE IPO Price Band Set at ₹1,700-₹1,785; Issue to Open on September 17

NSE IPO Price Band and Issue Details

The National Stock Exchange (NSE) has fixed its IPO price band at ₹1,700-₹1,785 per equity share, with the issue opening for subscription on September 17 and closing on September 21, as reported by indiainfoline.com and thehindubusinessline.com. The ₹22,569-crore public issue will be the second-largest IPO in India, surpassing the ₹21,000-crore Life Insurance Corporation of India (LIC) IPO, according to indiainfoline.com.

Issue Structure and Reservation

The issue will have a reservation of 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors, as stated in the indiainfoline.com article. NSE employees will receive a discount of ₹170 per equity share, and the company has reserved equity shares worth up to ₹70 crore for eligible employees, as reported by indiainfoline.com. The lot size for the issue will be eight shares, and retail investors can bid for a minimum of eight shares and in multiples thereof, according to upstox.com.

Comparison with Other IPOs

The NSE IPO will be the second-largest IPO in India, after Hyundai Motor India's ₹27,870-crore IPO, as reported by indiainfoline.com. The issue size is expected to be around ₹22,569 crore at the upper end of the price band, making it one of the largest IPOs in India's primary market history, according to indiainfoline.com.

Timeline and Listing

The NSE IPO will open for subscription on September 17 and close on September 21, as reported by indiainfoline.com and thehindubusinessline.com. The allotment process is expected to be completed by September 22, and the shares are expected to make their market debut on September 24, according to financialexpress.com. The issue will be listed on the Bombay Stock Exchange (BSE), as reported by financialexpress.com.

Book Running Lead Managers

The issue has a large group of book running lead managers handling the offering, including Kotak Mahindra Capital, Morgan Stanley India, JM Financial, HSBC Securities, and SBI Capital Markets, as reported by upstox.com.

Key Dates

The key dates for the NSE IPO are as follows:

Detail	Information
Issue Open Date	September 17
Issue Close Date	September 21
Anchor Investor Bidding Date	September 16
Allotment Date	September 22
Listing Date	September 24

Frequently Asked Questions

What is the price band for the NSE IPO?

The price band for the NSE IPO is ₹1,700-₹1,785 per equity share, as reported by indiainfoline.com and thehindubusinessline.com.

What is the issue size of the NSE IPO?

The issue size of the NSE IPO is approximately ₹22,569 crore at the upper end of the price band, according to indiainfoline.com.

When will the NSE IPO be listed on the stock exchange?

The NSE IPO is expected to be listed on the Bombay Stock Exchange (BSE) on September 24, as reported by financialexpress.com.

The NSE IPO is a significant event in India's primary market, with the issue expected to be one of the largest IPOs in the country's history, as reported by indiainfoline.com. With the price band now announced, investors have greater clarity on the valuation and structure of the issue ahead of the September 17 opening, according to indiainfoline.com. As the issue moves closer to its market debut, all eyes will be on the NSE IPO, which is expected to be a major milestone for one of India's largest financial market institutions, as stated in the indiainfoline.com article. The next trigger for the NSE IPO will be the anchor investor bidding on September 16, followed by the issue opening on September 17, as reported by indiainfoline.com and thehindubusinessline.com.