NewzOn Day 2 of its bidding period, the NSE IPO achieved a subscription rate of 1.16 times, driven primarily by non-institutional investors and qualified institutional buyers (QIBs).
The public issue, valued at Rs 22,569 crore, stands as India's second-largest public offering to date. It surpasses the Rs 21,000-crore IPO launched by LIC in 2022, though it remains behind Hyundai Motor India's record Rs 27,870-crore offering from 2024.
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