The NSE IPO, initially reported as India’s largest-ever, was originally planned to raise around ₹30,000 crore by selling a 6% stake (149 million shares). The issue size was later cut to about 5.1% stake (126.4 million shares) after the valuation was reduced, and the IPO raise was subsequently reduced to ₹23,000 crore after investors pulled back, making it smaller than the country’s largest public listing—Hyundai Motor India’s ₹27,000-crore debut in 2025.
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