NSE IPO price adjustment puts SBI, BoB, and GIC Re in the spotlight
Shares of SBI, Bank of Baroda, and GIC Re are gaining attention amid news that the NSE might decrease its IPO price from ₹1,785 to ₹1,700 per share. Additionally, the exchange is reportedly planning to trim the Offer for Sale (OFS) portion from 6% to 5.5%. This move could result in raising ₹24,300 crore, bringing the NSE's valuation to a maximum of ₹4.42 lakh crore, down from the previous goal of approximately ₹5.26 lakh crore.
by shortkt.com✓