According to people familiar with the matter, the National Stock Exchange of India has lowered the price range for the initial public offering, which has been in preparation for a long time, and may also reduce the size of the shares to be sold, rendering the original plan for the largest listing in Indian history unsuccessful. Sources, who did not wish to be named, said that the IPO price range is likely to be between 1,700 and 1,785 rupees per share, which is lower than the 2000 to 2,100 rupees range previously promoted. Sources said that since some shareholders are unwilling to sell shares after price cuts, the share sale ratio may be reduced from the original 6% to about 5.5% of the total share capital. According to the upper limit of the proposed price range, selling 5.5% of the shares can raise about 243 billion rupees, which is lower than the 279 billion rupees raised by Hyundai Motor India in its 2024 IPO. Based on this calculation, the NSE valuation could reach up to 4.42 trillion rupees, compared to the previous target valuation of 5.26 trillion rupees.

According to people familiar with the matter, the National Stock Exchange of India has lowered the price range for the initial public offering, which has been in preparation for a long time, and may also reduce the size of the shares to be sold, rendering the original plan for the largest listing in Indian history unsuccessful. Sources, who did not wish to be named, said that the IPO price range is likely to be between 1,700 and 1,785 rupees per share, which is lower than the 2000 to 2,100 rupees range previously promoted. Sources said that since some shareholders are unwilling to sell shares after price cuts, the share sale ratio may be reduced from the original 6% to about 5.5% of the total share capital. According to the upper limit of the proposed price range, selling 5.5% of the shares can raise about 243 billion rupees, which is lower than the 279 billion rupees raised by Hyundai Motor India in its 2024 IPO. Based on this calculation, the NSE valuation could reach up to 4.42 trillion rupees, compared to the previous target valuation of 5.26 trillion rupees.