NSE Trims India IPO Size to 126.44M Shares on Valuation Concerns

The reduced offer size suggests the seller, not the buyer, is adjusting to valuation pushback — a notable signal when the issuer is the world's largest derivatives exchange by volume. For India's IPO market, it tests whether even a marquee franchise can clear at its asking price, which matters for other large listings in the pipeline. Whether the trimmed deal still prices at the sought valuation, or whether further concessions follow, is the open question.