The wait for the public subscription of the National Stock Exchange (NSE) IPO is over. The much-sought-after initial public offering of the year is finally here, but what do investors feel about it?
NSE IPO GMP
The latest grey market premium (GMP) for the NSE IPO is estimated at around ₹160, hinting at a listing premium of 9 per cent. The figures show a dip in the GMP from 12 per cent on Sunday to 9 per cent now.
The estimated listing price is mentioned around ₹1945. However, it is important to note that GMP is speculative and can change rapidly before listing.
NSE IPO price band and issue details
The NSE IPO has a price band of ₹1,700 to ₹1,785 per equity share. The issue size is approximately ₹22,562 crore, making it one of India's largest public offerings.
The IPO is structured as an Offer for Sale (OFS), meaning existing shareholders will sell their shares.
The minimum lot size is eight shares, requiring a minimum investment of ₹14,280 at the upper price band from investors.
Key NSE IPO details:
IPO opening date: September 17, 2026
IPO closing date: September 21, 2026
Price band: ₹1,700–₹1,785
Lot size: 8 shares
Minimum investment: ₹14,280
Expected listing date: September 24, 2026
Issue type: Offer for Sale
This comes after years of regulatory delays and several changes since the bourse filed its Draft Red Herring Prospectus (DRHP) in June this year.
Initially, 14.9 crore shares were proposed in the DRHP, but the bourse has cut the offer-for-sale (OFS) to 12.64 crore equity shares, a roughly 15 per cent reduction. This has also brought a cut in the overall issue size.
