The National Stock Exchange’s launch on BSE saw the bourse raise ₹22,568 crore by selling 12.9 crore shares at a 5.7× subscription rate, eclipsing Hyundai India’s 2024 offer.
On the day of listing, NSE’s shares hit an intraday high of ₹1,878—a 5% lift over its ₹1,785 issue price—before settling at ₹1,818, a 1.8% gain over the IPO price.
The session traded 5.2 crore shares, giving NSE a market cap of ₹4.5 lakh crore, placing it ahead of Sun Pharma and Titan yet behind HUL and LIC.
Macquarie’s fresh coverage rates the stock ‘outperform’ with a ₹1,965 target, while PL Capital initiates an ‘accumulate’ rating at ₹1,950, reflecting bullish sentiment amid a broader sell‑off.
Analysts warn that while the listing unlocks liquidity, self‑listing remains prohibited under SEBI rules, and the next session will test whether the 1.8% premium can hold as the market digests the 4.5 lakh crore valuation.