LIC said to lead bidding in NSE’s Rs 22,800 crore India IPO

NSE's Rs 22,800 crore IPO saw overall subscription of 5.7 times, with LIC leading bidders at about 45 billion rupees, followed by ICICI Prudential AMC and Quant Mutual Fund at around 20 billion rupees each. Qualified institutional buyers subscribed 12.7 times their allocation while retail portion was subscribed only 1.3 times, underscoring cautious individual investor appetite. The IPO was priced at 1,785 rupees per share, valuing the exchange at about 43 times FY26 earnings, with shares set to begin trading on BSE on September 24.