NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors

NSE launched its IPO comprising an offer for sale at Rs 1,785 per share, with an issue size of Rs 22,561.57 crore making it the second-largest IPO in India after Hyundai Motor India. The exchange attracted 189 anchor investors, the second-highest count on record, raising Rs 6,746.18 crore from institutional investors. The issue was subscribed 42 percent on Day 1 with grey market premium indicating about a 9 percent listing gain, expected shortly.