Introduction of overall capping of 90% on the opening price for NSE SME IPOs

Ranging from right now i.e. 4th July 2024, NSE in its newest round has determined to place an total capping as much as 90% over the Difficulty value for SME IPOs to standardize the opening value discovery/ equilibrium value throughout exchanges

The value management cap of 90% shall be relevant solely to the SME section and never for Mainboard IPOs/Relisted Securities/Public Debt.