First Pass

43 stories from 5 sources

NSE IPO revival meets liquidity glut and regulatory scrutiny

Day’s Recap

Supporting Articles

Sebi has cleared initial public offerings for Cosmic PV Power, Monomark Engineering, RKB Global and the National Stock Exchange. The approvals point to a broader reopening of India’s primary market after a slower period.

9:16 AMEconomic Times

The National Stock Exchange is expected to price its IPO near Rs 1,800 per share, announce a price band around September 15 and open the issue around September 18. A listing by September 25 could follow, subject to final approvals and execution.

8:59 AMEconomic Times

Sebi has approved the draft plan for a proposed Rs 30,000 crore NSE IPO, moving the exchange closer to a public listing. The issue would be entirely an offer for sale, allowing existing shareholders to reduce their stakes, and follows a process begun in 2016.

7:39 AMEconomic Times

India’s National Stock Exchange has received regulatory approval to proceed with a potential record-setting IPO. The approval removes a major obstacle in the exchange’s years-long effort to list publicly.

7:38 AMBloomberg Markets

Debt investors are urging the Indian government to increase short-term bond issuance to absorb surplus rupee liquidity in the banking system. The government is reviewing its second-half borrowing schedule and is expected to announce it later this month.

7:49 AMEconomic Times

A record surplus of cash in India’s banking system has reduced demand for borrowing in the money market, leaving early trading unusually subdued.

4:21 AMBloomberg Markets

Other Developments

A curated list of other prominent stories from this day.

Mukesh Ambani is presenting Jio Platforms as a technology company, not just a telecom operator, by emphasizing its patents, artificial intelligence capabilities, and proprietary systems ahead of a potential IPO. Investors still lack clear evidence that these assets can generate enough commercial value to support a $120 billion to $140 billion valuation.

10:46 PMEconomic Times

SPML Infra’s proprietary 104.4 kWh battery energy storage pack has passed key international safety certification tests. The company plans to build manufacturing and integration operations in Pune to serve renewable-energy and grid-storage demand.

9:13 AMEconomic Times

About 4% of Swiggy’s equity changed hands in block deals, sending the shares up 2.53%. The stock also faces removal from the MSCI index on September 7 because of foreign ownership limits, while the company reported a narrower first-quarter FY27 net loss of Rs 791 crore.

8:57 AMEconomic Times

Eight stocks in the BSE Commodities Index reached fresh 52-week highs, with monthly gains ranging from roughly 14% to 53%. Sudeep Pharma led the advance.

8:41 AMEconomic Times

Indian equities ended higher on Friday as easing expectations of an imminent US Federal Reserve rate hike supported a relief rally. The Nifty rose 0.1% and the Sensex gained 0.48%, with metal and banking stocks outperforming while HCL Tech and Bharti Airtel lagged.

8:16 AMEconomic Times

The rupee gained two paise to close at 94.49 per dollar, extending its advance to six sessions amid foreign investment and stronger risk appetite. Higher crude prices, US-Iran tensions, and upcoming US payroll data could limit or reverse the move.

6:49 AMEconomic Times

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