A huge and historic turning point is about to come in the history of the Indian stock market. The excitement in the financial circles regarding the Initial Public Offering of the country's largest stock exchange i.e. National Stock Exchange has reached its peak. As the dates of this much-awaited IPO of NSE are coming closer, the heartbeats of investors and stock market stalwarts are increasing. Tremendous enthusiasm is being seen regarding this stock in the gray market, from which its popularity can be estimated. The special thing is that NSE currently has a total of 1.7 lakh shareholders, which is the largest number of shareholders of any unlisted company around the world. Amidst this huge base and record breaking craze, the gray market premium of NSE IPO continues to be a topic of discussion, indicating huge profits to the investors. Let us know in detail what is the latest GMP of NSE IPO, what could be its possible price band and what important things investors should know related to this mega issue. GMP of NSE IPO reached Rs 226, ups and downs seen in last 6 sessions. Before the launch of any IPO, its gray market premium plays an important role in deciding how much enthusiasm there is about that company in the market. According to financial market data and trackers, the GMP of the NSE IPO has currently reached the level of Rs 226 per share. If we look at the trends of the last six trading sessions, the gray market premium of NSE IPO has been fluctuating from a minimum of Rs 221 to a maximum of Rs 310. Analysts believe that as the official launch date of the IPO approaches, more changes may be seen in this GMP. Due to its strong financial position, monopoly position on the country's financial system and excellent track record, investors are eyeing it. This premium is a clear indication that investors are expecting excellent returns on the listing of this share. The possible price band of NSE IPO could be between Rs 1,750 to Rs 1,785. A lot of information is coming out from media reports and inside sources regarding the price band of this much awaited IPO of NSE. Reputable market sources have informed business media channel CNBC-TV18 that the National Stock Exchange can set a price band between Rs 1,750 to Rs 1,785 per share for its upcoming IPO. If the company launches its issue at the upper end of this range i.e. Rs 1,785, then the total valuation of the entire company is likely to increase to around Rs 4.41 lakh crore. This IPO with such a huge valuation will prove to be one of the largest and historic IPOs in the history of the Indian stock market, which will attract the country's mutual funds, retail investors and foreign institutional investors. Official price band may be announced on September 15, subscription may open from September 18. Talking about the corporate calendar and timetable of NSE IPO, this process is now progressing very fast. According to sources, the exchange can file its draft red hinge prospectus with the Securities and Exchange Board of India i.e. SEBI today itself. After this, after completing the regulatory approvals and formal processes, there is a strong possibility that the official price band will be announced on September 15. After this the process of bidding for investors will begin. According to the report, this IPO can open for big and anchor investors on September 17, while the general public and retail investors will be able to invest money and apply for shares in this IPO between September 18 and September 22. This IPO is coming completely in the form of offer for sale, many big institutions will sell stake. It is very important to know that this IPO of NSE is coming completely in the form of share sale offer i.e. offer for sale. This means that all the money coming through the IPO will go to the existing shareholders selling their shares instead of raising new funds for the development of the company. In this historic IPO, many big institutions and government financial institutions of the country and abroad are going to make profits by selling their stake. Major shareholders selling shares include many big government and financial institutions of the country, including State Bank of India, Bank of Baroda, Indian Bank, GIC Re, The New India Assurance, United India Insurance, National Insurance, Oriental Insurance and Stockholding Corporation of India. Private institutions and global giant funds will also disinvest their stake. Not only government and public sector companies, but many renowned private institutions and global global funds are also preparing to encash their holdings through NSE IPO. The list of major private and international shareholders selling shares includes leading companies and financial institutions like Morgan Stanley, ChrisCapital, Canadian Pension Fund and ICICI Lombard. Despite selling of stake on such a large scale by government and private giants, there is huge demand for this stock in the market. Investors are advised to thoroughly examine the financial documents given in the draft before investing money in the IPO and take advice from their financial advisor, so that they can take full advantage of this mega event.
