NSE shares open above IPO price and reach ₹1,878

National Stock Exchange of India shares began trading on the BSE on September 24, opening at ₹1,800, above their ₹1,785 initial public offering price, and rising to an intraday high of ₹1,878. The debut followed an IPO that drew about 5.7 times the shares offered, with demand strongest among institutional investors. The ₹1,878 level represented a gain of about 5.2% from the offer price. The evidence available establishes it as an intraday high, but accounts differ on the closing price, so the first-day close is not stated here. The opening price was about 0.8% above the IPO price. The offering was structured as an offer for sale, meaning existing shareholders sold shares and NSE did not issue new shares through the IPO. The issue raised about ₹22,562 crore, according to reports. Qualified institutional buyers subscribed to 12.68 times their allotted portion, while retail investors subscribed 1.39 times. These figures indicate substantially higher demand from institutional buyers than retail investors. The listing placed NSE among the largest publicly traded exchange operators by market value.