HYUNDAI MOTOR IPO
Jio Platforms IPO: Rs 37,700 crore issue likely to open on Oct 21
Jio Platforms is preparing to launch what is anticipated to be India's largest initial public offering. Scheduled around Dussehra, the IPO is estimated at $4 billion and will likely occur later this month. The company aims to complete its IPO process, including listing, before October 30. Proceeds from the IPO will primarily be used for prepaying borrowings and general corporate purposes.
Ambani’s Jio said to seek about Rs 11 lakh crore valuation in IPO
Jio Platforms is reportedly seeking a valuation of around Rs 11 lakh crore for its planned IPO, below earlier estimates of up to $170 billion. The telecom and digital services arm of Reliance Industries could launch the issue in the week of October 19 and list before October 30, Bloomberg reported.
Danish brewing giant Carlsberg’s India arm, 3 others get Sebi nod to float IPOs
In a significant move for India's market, Sebi has greenlit IPOs for Carlsberg's local entity, TMC Transformers, Ujin Pharma, and Matangi Rubber. TMC Transformers aims to raise Rs 550 crores via new equity to establish a manufacturing plant. Ujin Pharma's offering includes fresh shares and a sale from its promoters, while Carlsberg joins other global firms in this venture. Matangi Rubber has also successfully navigated the IPO approval process.
India’s IPO pipeline swells despite muted equity market
India's primary market is thriving with a significant increase in the number of IPOs and issue amounts. In contrast, the secondary market has experienced notable declines in equity indices. While foreign investor interest in listed stocks has dwindled, they remain active in the IPO space. Several leading companies have successfully gone public, contributing to the primary market's resilience.
NSE’s modest listing puts spotlight on muted gains from big IPOs
The National Stock Exchange saw a solid 2% rise on its debut day following its IPO. In recent months, several major IPOs in India have struggled after their launch, with Hyundai Motor India and LIC experiencing steep losses on their first day. Conversely, LG Electronics India enjoyed a strong debut, while ICICI Prudential Asset Management held above its initial offer price.
NSE sees no change in duties as listed entity; to protect market integrity, public interest:Chairman
The National Stock Exchange recently celebrated a milestone with its highly anticipated IPO, entering the stock market with shares opening at Rs 1,800, surpassing the issue price of Rs 1,785. The chairperson and CEO expressed a commitment to prioritizing public interest while driving growth, as the IPO drew impressive institutional interest, reflecting strong investor belief in the exchange's promising future.
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NSE becomes 9th most valued company with Rs 4.63 lakh crore m-cap after IPO. Who did it overtake?
The National Stock Exchange (NSE) made a rather modest entrance on the Bombay Stock Exchange (BSE), opening at Rs 1,800 against its IPO price of Rs 1,785. With a market capitalization of Rs 4.63 lakh crore, it has emerged as the ninth largest entity in India. Analysts predict that shares may fluctuate due to early trading demand-supply movements.
NSE to debut in test of India investor faith in long-term growth
The National Stock Exchange of India Ltd. is set to launch its trading journey following a successful IPO that raised $2.4 billion. Despite robust interest from institutional investors, retail participation has been less enthusiastic. Concerns over the exchange's valuation have left smaller investors feeling uneasy. Major institutional players are betting on NSE's ability to manage impending regulatory hurdles, while its stock's future movements will likely rely on forthcoming market supply.
NSE draws brokerage attention on stock market debut as 3 firms initiate coverage on Day 1
NSE shares rallied after a muted listing at Rs 1,800, pushing the exchange into India’s ninth-most valued company with a market cap of Rs 4.63 lakh crore. The post-listing surge came as three major brokerages initiated coverage on Day 1 with positive ratings. Macquarie called NSE “The Dominator” and assigned an Outperform rating with a Rs 1,965 target price.
NSE shares get ‘The Dominator’ tag as Macquarie initiates coverage with Outperform
Macquarie initiated coverage of NSE with an Outperform rating and a Rs 1,965 target, citing its dominant market position, strong network effects, profitability and growth prospects. It expects 12% revenue CAGR through FY30, despite near-term CAS pressures. NSE’s Rs 22,562-crore IPO was subscribed 5.71 times, with QIB demand strongest.
Missed the NSE IPO? Here are 5 of the largest issues in the pipeline to keep on your radar
For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major public offerings are on the horizon! Set to accumulate a staggering Rs 4.27 lakh crore, companies such as Jio Platforms and PhonePe are readying their IPOs. With some firms already greenlit by Sebi while others await approval, the market's robust activity suggests a ripe environment for upcoming public offerings and eager investors.
NSE pays 20 banks Rs 186 crore in fees for IPO
The National Stock Exchange paid ₹186 crore to 20 advisory banks for its $2.4 billion IPO. At 0.82% of the total issue, the fee structure remains well below India’s market average, despite the IPO drawing strong institutional demand with a 5.7x overall subscription.
A record run! NSE IPO draws Rs 90,000 crore demand, takes subscription crown among India’s 5 largest offerings
NSE IPO GMP Live Updates: The Rs 22,561.57 crore public issue, the second-largest IPO in India by issue size after Hyundai Motor India, received bids for 50,58,11,384 shares against 8,86,42,911 shares on offer. This translated into an overall subscription of 5.71 times at the close of the bidding window, according to NSE data.
NSE IPO closes with 5.71x subscription, bids cross Rs 90,000 crore
Investor enthusiasm surged on the final day of the National Stock Exchange's landmark IPO, with qualified institutional buyers oversubscribing their segment by more than twelve times. Retail interest was also robust, nearly doubling their intended allocation. The shares are set to debut on the BSE on September twenty-fourth, marking the end of a lengthy journey that included prior regulatory hurdles.
NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
NSE’s Rs 22,561.57 crore IPO ranks as India’s second-largest, behind Hyundai Motor India. The exchange attracted 189 anchor investors and raised Rs 6,746.18 crore before opening for public subscription, making it the second-highest in the historical anchor investor comparison.
NSE IPO GMP at 12% as stock exchange announces price band, key dates. 10 things to know
NSE’s IPO is set to raise around Rs 22,662 crore, with the latest grey market premium at 11–12% after the exchange fixed its price band. The offer size has been cut to 12.64 crore shares, meaning it will not surpass Hyundai Motor India’s Rs 27,870-crore issue to become India’s largest IPO.
Oriental Insurance hopes to turn corner in FY27 assisted by NSE stake dilution
Looking ahead, Oriental Insurance Company projects a profitable turnaround by 2026-27, facilitated by a planned stake dilution in the National Stock Exchange through an upcoming IPO. The company plans to offer close to 49.57 lakh shares in this process. Such a move is anticipated to enhance financial stability and liquidity, with subscriptions commencing on September 17, marking a key milestone for the insurer.
NSE IPO set to open for public on September 17; price band at Rs 1,700-1,785
The National Stock Exchange of India's IPO opens September 17, closing September 21. Its price band is set between ₹1,700 and ₹1,785 per share. This offer for sale will raise ₹22,561.5 crore from existing shareholders. The issue size was reduced by fifteen percent from earlier proposals. Share allotment is expected September 22, with listing on September 24.
NSE's IPO to be second biggest till now as offer size cut, price band lowered
India's premier stock exchange, NSE, has finally revealed the long-anticipated details of its initial public offering. Existing investors will sell fewer shares at a revised price band, aiming to raise between Rs 21,494 crore and Rs 22,569 crore. The public can subscribe from September 17 to September 21, with the official listing set for September 24, marking a pivotal advancement for NSE.
NSE diversification could weigh on weekly options' revenue, CEO says
The National Stock Exchange aims for a substantial valuation with its forthcoming IPO. However, an anticipated decline in weekly options revenue share due to growth in other sectors could pose challenges. Notably, transaction charges are vital for the exchange's revenue generation. Recent adjustments to the IPO size indicate a reduction of over fifteen percent, coinciding with major offerings from Reliance Jio and Hyundai Motor India.
BSE shares fall 3% as rival NSE gets closer to mega IPO. More pain ahead?
BSE shares fell on Friday after rival NSE announced its Rs 22,662-crore IPO, with the issue set to open on September 17. Bernstein has an ‘Underperform’ rating on BSE, citing moderating retail participation and potential peaking of market share gains in FY27. The stock remains sharply higher over longer periods.
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 IPO likely to open on September 18, list on September 25: Sources
The National Stock Exchange's IPO is slated to open for public subscription on September 18. This significant offering is expected to raise approximately Rs 30,000 crore. The price band for this substantial IPO will be announced on September 15. This public issue will remain open for three days, starting September 18. The exchange's IPO is poised to become India's largest ever offering.
NSE cuts IPO price range, giving up shot at India’s top listing
National Stock Exchange of India is likely to price its long-awaited IPO at Rs 1,700-1,785 a share, below its earlier range of Rs 2,000-2,100. The exchange may also reduce the stake on offer to 5.5%, valuing NSE at up to 4.42 trillion rupees.
NSE may cut IPO size to Rs 25,000 crore from Rs 30,000 crore
The National Stock Exchange is considering reducing its initial public offering size. The proposed share sale could now amount to around ₹24,000-25,000 crore. NSE aims to launch the IPO in the third week of September. This move would retain Hyundai Motor India's largest IPO tag. The exchange received Sebi's consent to proceed with the IPO.
Jio, NSE IPOs: Do marquee IPOs really deliver big listing-day gains?
The anticipated IPOs from Jio and NSE are under the microscope as experts examine their potential for listing-day profits. Historical data from past mega IPOs reveal a mixed bag in terms of performance, with certain offerings incurring losses. The success of these upcoming stocks will hinge on precise pricing and robust institutional demand.
SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty
State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part of the National Stock Exchange's proposed initial public offering.
Jio sets eyes on Navratri-Diwali period to launch mega $4 billion IPO
Jio is likely to finalise the exact dates within a couple of weeks after which it would initiate roadshows overseas before holding them at home, said a source close to the development.
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