๐ NSE's IPO: Best Debut Among India's Big Five
The National Stock Exchange (NSE) debuted on rival BSE, achieving a 1.85% first-day gain. This happened because NSE, incorporated in 1992, listed on BSE as SEBI rules restrict listing on its own platform. The IPO, valued at โน22,561.57 crore, was the second largest in Indian history on Thursday, with the issue subscribed 5.71 times. This positive debut was notable as it was the best among the top five biggest IPOs for that period. Going forward, this launch marks a culmination of a decade-long effort to take the NSE public. ๐