India’s National Stock Exchange raised $2.3 billion in its IPO, attracting over $10 billion in bids and a valuation that exceeds U.S. exchanges such as Nasdaq.
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On its second day, the National Stock Exchange of India IPO retained a grey market premium of about 8%, with overall subscription at 43% and mixed participation across investor categories.
NSE’s IPO attracted unexpectedly large demand, with the anchor book shrinking to just over ₹6,000 crore, CEO Ashishkumar Chauhan said.