NSE IPO subscription status: National Stock Exchange’s offer gets subscribed 42% on its first day
The National Stock Exchange of India (NSE) has opened its initial public offering (IPO) to the public. On the first day of bidding, the issue received a subscription level of 42%. This means that for every 100 shares applied for, investors have subscribed to 42 shares. The IPO is currently open for subscription and will remain so until September 21.
This is the first time the NSE is going public, making it a significant event for the market. The IPO is being offered in two tranches, with the second tranche being open only to retail investors. The listing of the NSE shares is scheduled for September 24, which will mark the debut of India's largest stock exchange on the bourses.
Investors should monitor the subscription levels in the coming days. The final subscription figure will be a key indicator of the market's sentiment towards the IPO. The price band for the IPO has been set at ₹1,120-1,160 per equity share. The company is raising ₹1,635 crore through this IPO.
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.














