NSE Is Said to Set Modest Fee for Its $2.5 Billion India IPO

National Stock Exchange of India has set advisory fees at about 0.65% of the issue size for its upcoming initial public offering, according to people familiar with the matter.

Based on an expected deal size of about $2.5 billion, the total fee pool could be about $16.25 million, with the bulk likely to be shared among the six lead banks, the people said, asking not to be identified because the information is private. That compares with a roughly 1.86% average paid by 417 companies last year and 1.67% by 350 issuers in 2024, according to a data from LSEG.