NSE IPO allotment will take place today:Issue subscribed 5.71 times; shares to be listed on 24 Sept

Allotment for NSE’s ₹22,569 crore IPO will take place today, 22 September. Investors who are not allotted shares will receive their refunds from 23 September. Meanwhile, the shares will be credited to the demat accounts of investors who were allotted shares in the IPO on the same day. NSE’s shares will be listed on the BSE on 24 September. Overall, the issue received 5.71 times the bids The IPO was subscribed 5.71 times overall. Against a total of 8.86 crore shares, investors placed bids for 50.28 crore shares. Demand was highest from large foreign and domestic funds, known as QIBs, whose quota was subscribed 12.68 times. The portion reserved for wealthy investors, or NIIs, was subscribed 6.54 times, while the quota for ordinary retail investors was subscribed 1.35 times. How to check your IPO allotment status Once the allotment is finalised, investors can visit the BSE, NSE or MUFG Intime India website, enter their PAN card number and check their allotment status. 1. Through the NSE website: 2. Through the BSE website: 3. Through the registrar’s (MUFG Intime India) website: Sharp decline in grey market premium According to market experts, NSE shares are currently trading at a premium of ₹65 in the unlisted market. At the time NSE received SEBI approval, its grey market premium, or GMP, had reached ₹285. However, it fell to ₹155 when bidding began and has now declined to a range of ₹48 to ₹65. Estimated listing at ₹1,850 with a 3.64% premium Based on grey-market trends, market experts estimate that NSE shares could be listed at around ₹1,850. This would represent a modest gain of approximately 3.64% over its upper price band of ₹1,785. Key IPO details