NSE IPO's steep valuation discount to BSE based on FY26 earnings is misleading

New Delhi, Sept. 15 -- National Stock Exchange of India Ltd (NSE) offer-for-sale issue pricing comes as a rude shock to investors buying the shares in the unlisted market. The price band of Rs.1,700-1,785 is nearly 10% lower than the price before the announcement.Given the bearish tone in leading e…