Sept 17 (Reuters) – The National Stock Exchange of India Ltd’s (NSEI.NS, 225.69 billion rupees ($2.3 billion) initial public offering opened for subscription on Thursday.
The issue was subscribed 0.09 times as of 10:20 a.m. IST, according to exchange data.
The $2.3 billion IPO is one of India’s biggest-ever IPOs and comes at a time when the primary market is attracting major issuers, including billionaire Mukesh Ambani-backed Jio Platforms, which is expected to list by year-end.
NSE’s float would cap a decade-long effort in which regulatory scrutiny and legacy legal issues repeatedly delayed its listing.
The stock exchange operator on Wednesday allotted shares worth $703.04 million to marquee global and domestic investors, including the sovereign wealth funds of Norway and Abu Dhabi, as part of its anchor book allocation ahead of the IPO.
Reporting by Kashish Tandon and Vivek Kumar M in Bengaluru; Editing by Sherry Jacob-Phillips .
