NSE IPO: Can the large supply of shares and all-OFS structure limit listing gains?

NSE has launched its much-anticipated Rs 22,569 crore IPO, inviting subscriptions from investors. This offering is solely based on an offer for sale by its existing shareholders. The muted grey market premium hints at potential limitations on listing day gains, leaving analysts divided on whether the all-OFS structure could influence market performance, as the substantial share supply may hinder immediate post-listing value appreciation.