
Financial Services · NSE / BSE
NSE, incorporated as National Stock Exchange of India Limited in 1992, is one of India's leading market infrastructure institutions and a major multi-asset class exchange. It commenced operations in 1993 and introduced electronic screen-based trading in 1994, becoming a pioneer in technology-driven trading in India. NSE operates a vertically integrated business model covering listing and trading, clearing and settlement, market data, indices, and other financial market services. Its product offerings include equities, fixed-income securities, ETFs, SME securities, and derivatives across equity, indices, currency, interest rates, and commodities. With a strong focus on technology, risk management, reliability, transparency, and investor protection, NSE continues to expand its products and services while supporting the development of a more efficient and inclusive Indian financial market.
Price Band
₹1700 – ₹1785
Issue Size
₹12643.67 L Cr
Lot Size
8 shares
GMP
+2.4%
Est. Listing
₹1827
at current GMP
Subscribed
5.71x
overall
Open
17 Sep 2026
Close
21 Sep 2026
Allotment
22 Sep 2026
Refund
23 Sep 2026
Demat Credit
24 Sep 2026
Listing
24 Sep 2026
Overall Subscription
5.71x
Total Demand
QIB Multiplier
12.68x
Institutions & Funds
NII / HNI
6.55x
High Net-Worth
Retail (RII)
1.39x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 25,207,868 | 319,715,504 | 12.68x |
| NIB | 18,900,482 | 123,751,624 | 6.55x |
| HNIs(10L +) | 12,600,321 | 97,971,576 | 7.78x |
| HNIs (2-10L) | 6,300,161 | 25,780,048 | 4.09x |
| RETAIL | 44,101,125 | 61,306,584 | 1.39x |
| EMPLOYEES | 433,437 | 1,038,800 | 2.40x |
| Total | 107,543,394 | 629,564,136 | 5.71x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 5,512,641 | 3,399,708 | 0.62x |
| EMPLOYEES | — | 47,228 | 0.00x |
| HNIs(10L +) | 105,003 | 138,343 | 1.32x |
| HNIs (2-10L) | 52,501 | 173,943 | 3.31x |
| Total Applications | 5,670,145 | 3,759,222 | 0.66x |
National Stock Exchange of India Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹12,64,36,650 Crores. The shares are offered at a price band of ₹1700 to ₹1785 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 8 shares (approx. ₹14,280 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-09-24, while un-allotted funds or UPI block mandates will be released on 2026-09-23.
The National Stock Exchange of India Limited IPO aggregate issue size is ₹12,64,36,650 Crores with an equity price band set at ₹1700 to ₹1785 per equity share. The retail lot size is 8 shares requiring a minimum capital outlay of approx. ₹14,280.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-09-22.