NSE shares fall 1% as one-month lock-in ends; here's how the stock is performing vs issue price

The stock was trading 1% lower at ₹1,688.80 per share on BSE at 11:13 am. It has a market capitalisation of ₹4,17,953.25 crore.

As many as 18.9 million equity shares of NSE were freed up for trade as the one-month lock-in period ended on October 22, according to Nuvama Alternative & Quantitative Research.

It should be noted that the end of the lock-in period means that shares will become eligible for trading. It does not imply that shares will be sold in the open market.

NSE share price: Here's how stock is performing vs issue price

The scrip is currently trading 5.38% below its IPO issue price of ₹1,785 per share.

The ₹22,561.57 crore initial public offering was an offer-for-sale (OFS) component of 12.64 crore equity shares by existing shareholders, including State Bank of India (SBI), SBI Capital Markets, Bank of Baroda, Canada Pension Plan Investment Board, New India Assurance Company, Stock Holding Corporation of India, MS Strategic (Mauritius), Aranda Investments (Mauritius), General Insurance Corporation of India and United India Insurance Company.

The IPO was subscribed to 5.71 times, as it mobilised bids for 50,58,11,384 shares compared to 8,86,42,911 shares on offer, according to the data available on the BSE website.

The bidding was led by qualified institutional buyers (QIBs) as they subscribed their part 12.68 times. The quota for non-institutional investors (NIIs) was subscribed 6.55 times, and the retail investors' portion was booked 1.39 times.

Before the IPO, the exchange attracted ₹6,746 crore in the anchor round from investors, including Life Insurance Corporation of India (LIC), Goldman Sachs, GIC Singapore, Norges Bank, ICICI Prudential Mutual Fund, Nippon India MF and Axis MF, among others.

NSE is India's largest stock exchange and one of the major multi-asset exchange platforms in the world.