LIC, Morgan Stanley, Goldman Sachs among anchor investors as NSE raises Rs 6,746 crore ahead of IPO
The National Stock Exchange of India secured Rs 6,746 crore from 189 anchor investors. Prominent participants included LIC, Morgan Stanley, and Goldman Sachs in this pre-IPO allocation. Shares were allotted to these investors at Rs 1,785 each, ref...
By Reuters | Updated:
Reuters
The National Stock Exchange of India (NSE) has raised Rs 6,746.18 crore from 189 anchor investors ahead of its initial public offering (IPO), with Life Insurance Corporation of India (LIC), Morgan Stanley and Goldman Sachs among the prominent participants.
Shares were allotted to anchor investors at Rs 1,785 apiece, including a share premium of Rs 1,784.
NSE IPO Tracker: Catch all the live updates here
LIC emerged as one of the key investors in the anchor book. LIC received 2,242,584 shares at Rs 1,785 per share, translating into an investment of Rs 400.30 crore. Further, LICI ULF-Growth Fund was allotted 224,096 shares worth Rs 40 crore, while LICI New Pension Plus Growth Fund received 56,024 shares worth Rs 10 crore.
The anchor book also drew participation from global institutional investors, including Morgan Stanley Asia Singapore Pte. - ODI, New York State Teachers Retirement System - Managed by Goldman Sachs Asset Management L.P., Goldman Sachs Funds - Goldman Sachs Asia Equity Portfolio, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, Goldman Sachs ETF Trust - Goldman Sachs India Equity ETF and BofA Securities Europe SA - ODI.
Other global investors participating in the anchor book include Fidelity Investments/Fidelity Funds, Government Pension Fund Global of Norway, Monetary Authority of Singapore, Abu Dhabi Investment Authority (ADIA), Carmignac, Manulife Investment Management and Vanguard.
ALSO READ:NSE IPO: Every Rs 10 move in shares could swing Radhakishan Damani’s wealth by nearly Rs 40 crore
Several major Indian mutual funds and financial institutions also participated in the anchor allocation. These include SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, UTI Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, Mirae Asset, Edelweiss Mutual Fund, DSP Mutual Fund, Motilal Oswal Mutual Fund, Navi, Bandhan Mutual Fund, Bajaj Finserv, PGIM India, Union Mutual Fund and Baroda BNP Paribas Mutual Fund.
Of the 37,793,739 equity shares allocated to anchor investors, 13,977,524 shares, or 36.98% of the total anchor allocation, were allotted to 29 domestic mutual funds. These funds applied through a total of 98 schemes.
Life insurance companies and pension funds accounted for a further 16.04% of the total anchor allocation.
The NSE IPO will open for public subscription on Thursday, September 17, and close on September 21, 2026.
The book-built issue has a price band of Rs 1,700-Rs 1,785 per share, with a lot size of eight shares.
At the upper end of the price band, retail investors will need to invest a minimum of Rs 14,280 for one lot.
The allotment is expected to be finalised on September 22, 2026, while the shares are scheduled to list on the BSE on September 24, subject to the proposed timeline.
NSE operates an integrated market infrastructure covering trading, clearing and settlement, listing, market data, index services and regulatory functions. Its platform spans multiple asset classes, including equities, equity derivatives, currency derivatives, commodities, debt securities and mutual funds.
This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.
Shares were allotted to anchor investors at Rs 1,785 apiece, including a share premium of Rs 1,784.
NSE IPO Tracker: Catch all the live updates here
LIC emerged as one of the key investors in the anchor book. LIC received 2,242,584 shares at Rs 1,785 per share, translating into an investment of Rs 400.30 crore. Further, LICI ULF-Growth Fund was allotted 224,096 shares worth Rs 40 crore, while LICI New Pension Plus Growth Fund received 56,024 shares worth Rs 10 crore.
The anchor book also drew participation from global institutional investors, including Morgan Stanley Asia Singapore Pte. - ODI, New York State Teachers Retirement System - Managed by Goldman Sachs Asset Management L.P., Goldman Sachs Funds - Goldman Sachs Asia Equity Portfolio, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, Goldman Sachs ETF Trust - Goldman Sachs India Equity ETF and BofA Securities Europe SA - ODI.
Other global investors participating in the anchor book include Fidelity Investments/Fidelity Funds, Government Pension Fund Global of Norway, Monetary Authority of Singapore, Abu Dhabi Investment Authority (ADIA), Carmignac, Manulife Investment Management and Vanguard.
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ALSO READ:NSE IPO: Every Rs 10 move in shares could swing Radhakishan Damani’s wealth by nearly Rs 40 crore
Several major Indian mutual funds and financial institutions also participated in the anchor allocation. These include SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, UTI Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, Mirae Asset, Edelweiss Mutual Fund, DSP Mutual Fund, Motilal Oswal Mutual Fund, Navi, Bandhan Mutual Fund, Bajaj Finserv, PGIM India, Union Mutual Fund and Baroda BNP Paribas Mutual Fund.
Of the 37,793,739 equity shares allocated to anchor investors, 13,977,524 shares, or 36.98% of the total anchor allocation, were allotted to 29 domestic mutual funds. These funds applied through a total of 98 schemes.
Life insurance companies and pension funds accounted for a further 16.04% of the total anchor allocation.
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NSE IPO details
The NSE IPO is entirely an offer for sale (OFS) by existing shareholders and is expected to raise Rs 22,561.57 crore. The issue comprises the sale of up to 12.64 crore shares.The NSE IPO will open for public subscription on Thursday, September 17, and close on September 21, 2026.
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The book-built issue has a price band of Rs 1,700-Rs 1,785 per share, with a lot size of eight shares.
At the upper end of the price band, retail investors will need to invest a minimum of Rs 14,280 for one lot.
The allotment is expected to be finalised on September 22, 2026, while the shares are scheduled to list on the BSE on September 24, subject to the proposed timeline.
About NSE
Incorporated in 1992, the National Stock Exchange of India (NSE) is India's largest stock exchange and one of the world's leading multi-asset exchange platforms.NSE operates an integrated market infrastructure covering trading, clearing and settlement, listing, market data, index services and regulatory functions. Its platform spans multiple asset classes, including equities, equity derivatives, currency derivatives, commodities, debt securities and mutual funds.
This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.
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