The initial public offering (IPO) for the National Stock Exchange (NSE), opened on September 17, with the Managing Director and CEO Ashishkumar Chauhan signalling a strong institutional appetite for the mega issue.
Subscription details:
On day 1 of public bidding, a total of 19 per cent Qualified Institutional Buyers(QIBs), 71 per cent Non-Institutional Investors and 43 per cent Retail Individual Investors(RIIs) placed their bids to form a total of 42 per cent overall subscription rate for the IPO.
NSE IPO latest GMP details:
As per various market reports and analysts, the grey market premium (GMP) for the NSE IPO has further declined from 9 per cent before opening the application window to 7 per cent on the first day of the public bidding.
However, GMP is an informal price indicator and the prices can change at the time of 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
About NSE IPO:
National Stock Exchange (NSE) has a large registered investor base and a broad capital-market platform covering trading, clearing, listing and related services.
The IPO is an offer-for-sale (OFS), meaning the company will not receive any proceeds from the offer.
