NSE IPO Subscribed 5.7 Times, Gets $10 Billion

Business Standard Markets · stocks

The National Stock Exchange of India's $2.3 billion IPO was subscribed 5.7 times by the end of bidding on Monday. Investors are betting on continued equity market growth in Asia's third-largest economy. The IPO received bids for 502.69 million shares, significantly exceeding the 88.64 million shares on offer. Total bids reached approximately $10.07 billion at the upper price band, marking a decade-long effort for the exchange to go public.