NSE IPO Set to Deliver Massive Gains of Rs 7,200 Crore to State-Run Insurance Firms

NSE's Rs 30,000-crore IPO to be bigger than Hyundai and LIC, price band likely at Rs 1,800, check GMP

The grey market premium (GMP) for the National Stock Exchange's proposed initial public offering hit Rs 270 per share. Reports suggest that listing is expected in the fourth week of September.

NSE IPO effect? This PSU stock hits 52-week high before paring gains | Check its NSE Stake, other key details

NSE's planned IPO is a significant catalyst for NIACL, which holds 1.42% in NSE and plans to sell shares in the IPO. The sale could unlock value for investors as excitement around the public issue builds.

NSE IPO set to deliver massive gains of Rs 7,200 crore to state-run insurance firms

General Insurance Corp, National Insurance, New India, Oriental Insurance and United India were among the earliest investors in the exchange, which opened in 1994 and is India's biggest by trading volume. The proposed IPO, expected later this month, is entirely an offer for sale of up to 148.91 million shares, which would mean that NSE itself will not receive proceeds from the issue.

NSE IPO set to deliver massive gains to state-run insurance firms

General Insurance Corp, National Insurance, New India, Oriental Insurance and United India were among the earliest investors in the exchange, which opened in 1994 and is India's biggest by trading volume. The proposed IPO, expected later this month, is entirely an offer for sale of up to 148.91 million shares, which would mean that NSE itself will not receive proceeds from the issue.