NSE raises Rs 6,746 cr in oversubscribed anchor round ahead of IPO

The National Stock Exchange (NSE) has secured Rs 6,746 crore from anchor investors ahead of its initial public offering, allotting 37.79 million shares at the upper price band of Rs 1,785 each. The anchor book, the third-largest in Indian market history, was subscribed nearly 20 times with bids reaching approximately Rs 1.2 lakh crore. Existing shareholders Life Insurance Corporation of India (LIC) and State Bank of India (SBI) were among the anchor investors, with both institutions receiving allotments exceeding Rs 400 crore.