Why NSE IPO became India's 2nd-largest, not biggest: MD-CEO Ashishkumar Chauhan explains | Exclusive

NSE's IPO, valued at about Rs 22,562 crore, became India's second-largest IPO, falling short of the initially expected Rs 30,000 crore size, as selling shareholders were reluctant to sell at a lower price band of Rs 1,700-1,785 per share. The issue was subscribed 5.71 times on the final day, with the QIB portion booked 12.68 times and NII portion 6.55 times; the OFS size shrank from 6.2 percent to 5.11 percent. Shares will commence trading on Thursday, with grey market premium indicating gains of 2 to 5 percent on debut.