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The revised filing proposes cutting the IPO size to around ₹22,500-23,500 crore from the earlier plan of ₹30,000 crore, they said. The offer for sale (OFS) by existing shareholders is likely to represent around 5.25% of the exchange's paid-up capital, compared with about 6% planned earlier, three people said. NSE had earlier proposed an OFS of up to 14.89 crore shares. The number of shares on offer has now been reduced to 12.64 crore in the UDRHP filed with Sebi, people in the know said. An email sent to NSE went unanswered. Read more: Sebi proposes wider pool of MII board candidates, SOP for key officials NSE shares were trading at around ₹2,025 in the unlisted market on Wednesday evening, according to data from UnlistedZone. NSE is targeting a launch in the third week of September, with the shares likely to list in the fourth week, people familiar with the development said. The issue is likely to open for anchor investors on September 17. At ₹30,000 crore, NSE's IPO was set to become India's largest ever, surpassing Hyundai Motor India's ₹27,870-crore issue in October 2024. With the proposed reduction in issue size, Hyundai Motor India is likely to retain the record until Jio Platforms launches its proposed ₹37,000-crore IPO, expected around the Navratri-Diwali period. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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