NSE IPO latest news: After SEBI’s nod for the NSE IPO, the market is busy estimating the price band, opening date, and other details. Since the lock-in period for pre-IPO investors began, various agencies have reported on the expected NSE IPO price band and the expected opening date.
Reuters has reported that the NSE IPO price band is expected to be ₹1700 to ₹1785, whereas Bloomberg has reported it to be around ₹1785.
NSE IPO GMP | Grey market on fire
According to market observers, NSE shares are available at a premium of ₹255, down ₹18 from yesterday’s GMP of ₹273. Market observers maintained that the NSE IPO GMP has dipped from ₹285 to ₹255 over the last two days, which can be attributed to a weak secondary market mood and the start of the lock-in period for pre-IPO investors.
NSE IPO | Expected price band
Quoting an anonymous source, Reuters has reported that the NSE is likely to price its initial public offering at 1,700 to 1,785 rupees per share. However, Bloomberg has reported that the NSE IPO price band is likely to be around ₹1785.
Speaking on the possible NSE IPO price band after the beginning of the lock-in period for pre-IPO investors, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, “The NSE shares ended at ₹2,050 on 7th September, which is close to its fair value. As the lock-in period began on Tuesday, pre-IPO investors must wait 6 months to sell their NSE shares. The NSE IPO GMP on 7th September was around ₹300 per share. So, the upper NSE IPO price band can’t be above ₹1,750 ( ₹2,050 – ₹300 = ₹1,750). In other words, the NSE IPO price band would be below ₹1750 per equity share.”
NSE IPO | Expected date of opening, latest news
The PTI has reported, quoting an anonymous source, that NSE is likely to open for public subscription on September 18 and list on September 25. The price band for the IPO is expected to be announced on September 15, followed by the anchor book on September 17.
