NSE IPO subscribed 0.43 times on day 1, NII bids highest

Synopsis The National Stock Exchange’s large initial public offering saw limited subscription on its first day. Non-institutional investors placed the most bids, while retail and qualified institutional buyers showed less interest. This offer for sale involves existing shareholders selling their stakes, not raising new capital for the exchange. The subscription period remains open until September twenty-first, with shares expected to list soon after. Mumbai: The National Stock Exchange’s ?22,561-crore IPO was subscribed 0.43 times on Thursday, the first day of subscription, with the non-institutional investor (NII) category receiving the highest amount of bids. The issue received bids for 3.70 crore…