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Listen to this article in summarized format At the upper end of price band, the bids received were worth over ₹90,000 crore. The qualified institutional buyers (QIBs) portion was subscribed 12.68 times, while the non-institutional investor (NII) category was subscribed 6.55 times. The retail investor portion was subscribed 1.39 times. Read more: Pine Labs block deal: Mastercard Asia may divest 4.3% equity worth Rs 892 crore The shares will list on the BSE on September 24. They were offered to investors at a price band of ₹1,700-1,785 per share. At the upper end of the price band, NSE commands a valuation of ₹4.42 lakh crore. The close of the National Stock Exchange's IPO brings an end to a wait of nearly a decade, marked by controversies surrounding the co-location and dark fibre cases, which have often been cited as reasons for the delay. The world's largest equity exchange by trading volumes had first approached Sebi for IPO approval nearly a decade ago. In July, Sebi accepted NSE's application to settle the regulatory lapses for an amount of ₹1,491 crore. NSE had cut the IPO size to around ₹22,500-23,500 crore from an earlier plan of around ₹30,000 crore. Read more: Landmark NSE IPO threatens to hollow out Dalal Street’s shadow market At ₹30,000 crore, it was set to become India's largest ever, surpassing Hyundai Motor India's ₹27,870-crore issue in October 2024. With the 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. NSE's book-built issue was entirely an offer for sale (OFS) of up to 126.4 million equity shares by 10 existing shareholders, including state-owned insurers and banks. There was no fresh issue, which means NSE will not receive any proceeds from the IPO. After issue-related expenses, the proceeds will go to the selling shareholders. (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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