NSE India IPO Subscribed 42 Percent on First Day
The National Stock Exchange of India launched its 2.3 billion dollar initial public offering with a muted response, achieving a 42 percent subscription rate on its first day. The share sale remains open until September 21 with a market debut planned for September 24.
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The National Stock Exchange of India's $2.3 billion IPO reached a 42% subscription rate on Thursday afternoon. The share sale ranks among the country's largest public offerings on record. Retail investors bought 42% of their allotted shares, while institutional bids lagged at 19%.
