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The National Stock Exchange's IPO has gained the necessary regulatory approval, leading to an increase in grey market premiums. Investors are now looking at a potential price hike for shares before they officially list. Brokers foresee the IPO launch by late September, with unlisted NSE shares trading at about ?1,975, while the IPO size is estimated at around ?30,000 crore. View More
Mumbai: The capital market regulator's approval for National Stock Exchange's much-awaited initial public offering has set the unofficial grey market abuzz. The grey market premium (GMP), the amount investors are willing to pay over the expected IPO issue price before listing, jumped to ₹250-280 per share soon after the regulatory nod on Friday evening, from around ₹150-180 earlier in the day, according to grey market brokers. The company has yet to announce the IPO price or date, but traders expect the issue to hit the market towards the end of September. In the unlisted market, NSE shares were trading at around ₹1,975 apiece on Friday. ET Bureau The unlisted price is the price at which a company's existing shares change hands before listing, while the GMP is the premium investors are willing to pay over the IPO price, or expected issue price, for shares in the run-up to the listing. Grey market participants estimate the IPO size at around ₹30,000 crore, implying a market capitalisation of ₹5 lakh crore to ₹5.25 lakh crore. Read more: From breaking barriers to picking stocks: Muriel Siebert’s investment wisdom "The valuation at which the offering is priced will be critical to how the market responds," said Manan Doshi, co-founder of Unlisted Arena. "If the pricing leaves adequate value on the table for investors, it could significantly enhance investor participation and create strong positive sentiment around the issue." Live Events NSE shares have remained largely flat in the unlisted market so far in 2026, weighed down by tepid market and a hit to derivatives volumes following the introduction of the closing auction session (CAS). Traders said there was also little urgency to buy the shares ahead of the IPO, given that several large issues in recent years have eventually been priced at valuations well below those prevailing in the unlisted market. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
India's primary market is gearing up for an exciting week, with 16 companies ready to launch their IPOs. Aiming to gather over 7,000 crore rupees, this includes 12 mainboard and 4 SME offerings. Following a strong August performance, confidence remains high within the IPO sector, with businesses eager to harness the prevailing positive momentum. View More
Mumbai: India's primary market is set for yet another busy week, with 16 companies, including 12 mainboard and four SMEs, looking to raise more than ₹7,190 crore as they seek to ride the ongoing IPO wave. The mainboard IPOs lined up for the week from September 7 to 11 are Pranav Constructions , Glass Wall Systems India, Prasol Chemicals, Kanohar Electricals, Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects, Karamtara Engineering, Rentomojo, Asset Reconstruction Co India, Veegaland Developers and Manika Plastech. ET Bureau In the SME segment, Apana Logistics, Infrax Renewable , Vinod Texworld and Amtech Esters will launch their IPOs. Read more: Sebi's new sectoral debt fund category explained: Yields, tax and risks IPO fundraising has remained robust so far in September, with 14 mainboard issues raising around ₹7,640 crore. This follows a strong August, when 23 mainboard IPOs raised around ₹22,456 crore. In the SME segment, seven IPOs have raised ₹260 crore so far in September, compared with 23 issues that raised around ₹1,159 crore in August. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
A recent ITAT ruling has raised an important question for property transactions. Does holding a power of attorney make you liable for capital gains tax when the property is sold? The case draws a clear line between the authority to sell a property and ownership. View More
Telangana RERA condemned the use of such tactics by the builder, stating that the alleged conduct amounted to cheating, violated Section 3 of the RE(R&D) Act and made the builder liable for a penalty. View More
Hulk Hogan’s Clearwater Beach mansion has received another $1 million price cut and is now listed for $6.9 million. The wrestler’s five-bedroom waterfront home was initially listed for $10.98 million after his death. Hogan bought the property for $3.33 million in 2012, while his neighbouring property was purchased for $1.6 million four years later. View More
Their Kyiv trip marks a significant development in US diplomatic efforts, particularly after months of stalled negotiations and an escalation in fighting. View More
JAGUAR LAND ROVER-REDUNDANCIES/ (PIX):UK business minister to meet Jaguar Land Rover CEO over job cuts View More
A Hyderabad homebuyer sued a builder for not delivering a promised 5,069 sq ft villa, as he claimed that the property was smaller than what was advertised in the project brochure. Telangana RERA offered relief to the homebuyer and penalised the builder. Details here. View More
An unregistered Will can be legally valid in India if properly executed and attested. Learn when a release deed may be required, what documents beneficiaries need, and why Will registration alone does not determine property ownership or transfer. View More
Noida versus Greater Noida yield: Noida Authority recently hiked farmer compensation by 53% for Noida project, raising rate by ?2,235 for every sqm. Check highest and lowest land rates here. View More