The National Stock Exchange of India Ltd. is set to price its long-awaited initial public offering at 1,700 rupees to 1,785 rupees per share, down from the earlier marketed range of 2,000 rupees to 2,100 rupees. The reduction reflects cautious investor sentiment and adjustments made after some shareholders declined to sell their stakes at the lower valuation. The exchange may also reduce the stake being offered to approximately 5.5% of total equity capital, down from the originally planned 6%, as reported by people familiar with the matter.

The pricing marks a significant milestone for India’s financial infrastructure, signaling both market confidence and evolving investor dynamics ahead of the listing.