NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?

NSE IPO GMP: At the upper IPO price of Rs 1,785, the current GMP points to indicative listing price of around Rs 1,925, implying a potential premium of 7.84% over the issue price.

NSE IPO Opens For Subscription Today: The much-awaited initial public offering (IPO) of the National Stock Exchange of India (NSE) has opened for subscription today, September 17, with the country’s largest stock exchange looking to raise Rs 22,561.57 crore through an offer for sale (OFS). Till 10:55 am on the first day of bidding on Thursday, the IPO received a 0.14x subscription, garnering bids for 1,28,30,648 shares, compared with 8,86,42,912 shares on offer.

Its retail category has been subscribed by 0.19x, while its non-institutional investor (NII) category has received a 0.23x subscription.