National Stock Exchange's Rs 30,000-crore IPO to list on September 25
Sources indicate the National Stock Exchange of India plans to open subscription for its record-sized offering on September 18 and list shares by September 25. The deal aims to raise approximately Rs 30,000 crore without issuing new equity to the public.
Sources state that the National Stock Exchange (NSE) initial public offering will begin on September 18 with a listing scheduled for September 25. No official calendar has been released by the exchange. The price band is expected to be announced on September 15, followed by anchor bookings on September 17. Subscription remains open on September 18, 21, and 22. This transaction targets a value of Rs 30,000 crore. Bank of Baroda is likely to sell a portion of its holdings, with reports suggesting a divestment of 35% or roughly 76.9 million shares via the offer for sale mechanism. While specific numbers are confirmed in sources, the exact size of Bank of Baroda's stake remains undefined by the bourse itself.
