The National Stock Exchange (NSE) Indices on July 19, 2024, launched the Nifty IPO Index.
The following has been stated:
• The Nifty IPO Index aims to track the performance of the last 100 IPOs listed on the NSE main board. The weight of the stocks in the index is based on free-float market capitalization subject to a stock cap of 10%.
• The base date for the index is January 02, 2017, and the base value is 1000. The index is reviewed and reconstituted quarterly.
• The index is expected to act as a benchmark for asset managers and a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products.
