NSE slashes IPO size to Rs 23,500 crore in revised Sebi filing

NSE IPO shrinks as Morgan Stanley, other investors cut stake sales

The NSE would now be offloading around a 5.1% stake at a reported price band of ₹1,800 per share.

NSE IPO: Top investors cut stake sale, bet on better valuation after listing

Top NSE shareholders have reduced the number of shares they plan to sell in the exchange's upcoming IPO. The move reflects expectations of better post-listing valuations despite a lower-than-expected price band.

NSE IPO: Top shareholders trim stake sales as investors expect higher post-listing valuation

The overall issue size will be reduced to 5.2% of NSE’s total equity ⁠capital from 6% earlier, the sources said.

NSE IPO: Why The Proposed Issue Size Has Fallen From Rs 30,000 Crore To Rs 23,000 Crore

NSE has filed an updated DRHP for its proposed IPO, with the issue size likely to shrink as PSU insurers and a Morgan Stanley-linked entity cut their planned OFS.

NSE slashes IPO size to Rs 23,500 crore in revised Sebi filing

The National Stock Exchange has updated its draft prospectus with Sebi, slashing its initial public offering size to about twenty-two thousand five hundred crore rupees. Existing shareholders will see their offer for sale drop to five point two five percent of the paid-up capital. Anticipating a launch in the third week of September, this adjustment may enable Hyundai Motor India to maintain its record for the largest IPO in India.

NSE files UDRHP; IPO issue size shrinks as PSU insurers pare stake sale: Sources

The issue size is now likely to be around Rs 23,000 crore, compared with the roughly Rs 30,000 crore offering envisaged when NSE filed its original DRHP in June.