NSE IPO: Why shareholders cut stake sales despite strong listing expectations
The National Stock Exchange's initial public offering (IPO) is set to launch on September 17, with a price band of ₹1,700-1,785 per share. Shareholders have reduced their stake sales from an expected ₹30,000 crore to approximately ₹22,562 crore, citing lower-than-expected valuations and potential future gains as reasons for holding onto shares. This decision may impact the overall market sentiment around the IPO.