India's NSE falls below IPO price, down 6% from listing-day high
Shares fell 1.5% to 1,765.75 rupees, below the 1,785 rupee IPO sale price. Stock is down about 3% since listing last week.
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Shares fell 1.5% to 1,765.75 rupees, below the 1,785 rupee IPO sale price. Stock is down about 3% since listing last week.
The National Stock Exchange of India's IPO drew bids worth more than $10 billion by its final day, oversubscribing by 5.7 times the shares on offer. Institutional buyers led the demand, bidding for 12.68 times their reserved portion.