NSE IPO Anchor Book Raises Rs.6,745 Crore from 150+ Investors
MS sits 33% above its 52-week low of $151.84.
Summary
The National Stock Exchange of India's IPO anchor book raised Rs.6,745 crore from over 150 investors at Rs.1,785 per share, with LIC, Norges Bank, ADIA, and Fidelity among key buyers. Morgan Stanley India is one of the book-running lead managers, giving it a direct role in what could become India's largest-ever IPO. The strong anchor demand signals robust institutional appetite ahead of the September 17-19 subscription period. This follows Morgan Stanley's record Q2 results and ongoing capital return program, adding a high-profile deal to its pipeline.
At the time of this announcement, MS was trading at $201.52 on NYSE in the Finance sector, with a market capitalization of approximately $317.9B. The 52-week trading range was $151.84 to $232.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Mint.