NSE IPO likely to open on September 18, list on September 25: Sources

NSE's long-awaited IPO is expected to open on September 18 and list on September 25, according to sources, with the price band announcement likely on September 15 and the anchor book opening on September 17. The offering, structured entirely as an offer for sale of about 14.89 crore equity shares representing nearly 6 percent of paid-up capital, could raise around Rs 30,000 crore, which would make it India's largest IPO, surpassing Hyundai Motor India's Rs 27,870-crore issue. Bank of Baroda is likely to divest 35 percent of its holding (around 76.9 lakh shares) through the IPO, while NSE itself will not receive any proceeds as there is no fresh issue component.