Goldman Sachs Asset Management Among Early Investors in NSE's ₹22,569-Crore IPO
GS sits 34% above its 52-week low of $740.01.
Summary
Goldman Sachs Asset Management is among early institutional investors showing interest in the National Stock Exchange's ₹22,569-crore IPO, with anchor book demand exceeding expectations. The anchor book is now expected at ₹6,250 crore, down from an earlier ₹9,000 crore estimate, but CEO Ashishkumar Chauhan called it 'much more than we thought.' The IPO, entirely an offer for sale, opens September 17 with a price band of ₹1,700-₹1,785, valuing NSE at ₹4.42 lakh crore at the top end. For Goldman, participation in a marquee Indian exchange listing signals continued strength in its asset management franchise and access to high-demand Asian deals. The anchor bidding on September 16 will confirm final allocations and investor lineup.
At the time of this announcement, GS was trading at $988.60 on NYSE in the Finance sector, with a market capitalization of approximately $287.8B. The 52-week trading range was $740.01 to $1,153.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Business Line.