The National Stock Exchange of India (NSE) finalized an allocation of 3,77,93,739 equity shares to 189 anchor investors at ₹1,785 per share, raising ₹6,746.18 crore ahead of its initial public offering. Marquee global and domestic institutional investors participated heavily, driving total demand in the anchor book to approximately ₹1.2 trillion—representing a massive 20-fold oversubscription. Life Insurance Corporation of India (LIC), the largest existing shareholder in NSE, emerged as the top anchor investor by acquiring 2.24 million shares worth ₹400.3 crore. Other prominent institutional participants included Societe Generale’s offshore derivative desk (₹316 crore), Norway’s Government Pension Fund Global (₹250 crore), the Monetary Authority of Singapore (₹200 crore), the Abu Dhabi Investment Authority’s Monsoon fund (₹200 crore), and Fidelity Funds (₹178.24 crore). Domestic mutual funds demonstrated strong backing, with 29 funds across 98 schemes—including those from SBI, ICICI Prudential, HDFC, Nippon India, Kotak, and Axis—securing nearly 37% of the anchor book valued at ₹2,494.99 crore, while insurance companies and pension funds accounted for another ₹1,081.84 crore. The overall ₹22,560 crore pure offer-for-sale (OFS) IPO opens for public subscription with shares already commanding an approximate 9% premium in the grey market prior to its scheduled listing next week.
