NSE IPO price band: The National Stock Exchange of India Limited (NSE) IPO price band has been fixed in the range of ₹1,700 to ₹1,785 per equity share of the face value of Re 1. The NSE IPO date of subscription is scheduled for Thursday, 17 September and will close on Monday, 21 September. The allocation to anchor investors for the NSE IPO is scheduled to take place on Wednesday, 16 September.
The NSE IPO lot size is 8 equity shares and in multiples of 8 equity shares thereafter.
NSE IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Tentatively, NSE IPO basis of allotment of shares will be finalised on Tuesday, 22 September and the company will initiate refunds on Wednesday, 23 September, while the shares will be credited to the demat account of allottees on the same day following refund. NSE share price is likely to be listed on BSE and NSE on Thursday, 24 September.
The company has reduced the number of shares on offer to 12.644 crore from the 14.89 crore planned earlier, according to its red herring prospectus filed in Mumbai late Thursday. The offering will comprise entirely existing shares, representing around 5.1% of the company’s equity capital, down from the roughly 6% proposed earlier.