NSE came to market through an IPO that opened on 17 September 2026 and closed on 21 September 2026, and the shares listed on 24 September 2026 on BSE (Not on NSE). The price band was ₹1,700 to ₹1,785 per share and one lot was 8 shares, so the minimum application was ₹14,280. The issue size was ₹22561.57 crore. The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company.
It listed at ₹1,800, a gain of 0.8% against the issue price of ₹1,785. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Kotak Mahindra Capital Co. Ltd., Morgan Stanley India Co. Pvt. Ltd., HSBC Securities & Capital Markets (India) Pvt. Ltd., SBI Capital Markets Ltd., Avendus Capital Pvt. Ltd., DAM Capital Advisors Ltd., HDFC Bank Ltd., IDBI Capital Markets & Securities Ltd., Motilal Oswal Investment Advisors Ltd., Pantomath Capital Advisors Pvt.
Ltd., JM Financial Ltd., Citigroup Global Markets India Pvt. Ltd., JP Morgan India Pvt. Ltd., Anand Rathi Advisors Ltd., Axis Capital Ltd., Equirus Capital Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., Nuvama Wealth Management Ltd., 360 One WAM Ltd were the lead managers.
As of 21 September 2026.
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Overall the issue was subscribed 5.71 times.
The National Stock Exchange of India Limited (NSE) was established in November 1992 and today operates as the largest stock exchange in India and one of the top multi-asset exchange platforms globally. NSE offers an integrated platform for all stages of trading activity in various asset classes, including equities, derivatives, currency derivatives, commodities, debt instruments, and mutual funds: trading, clearing, settlement, listing, market data, indices, and regulation.
The company has always been holding the leading position in the Indian cash market turnover, equity derivatives trading volume, and currency derivatives trading volume. As of March 31, 2026, NSE had over 253 million registered investor accounts, 129 million unique investors, 1,325 trading members, and 2,978 listed companies with total market capitalization amounting to approximately ₹411 trillion. More than ₹20.3 trillion were raised through the platform in Fiscal 2026.
NSE relies on advanced technology infrastructure designed for high-frequency trading, dissemination of real-time market data, risk management, surveillance, and regulatory compliance. NSE plays a vital part in the Indian capital markets ecosystem and contributes to transparency, investor protection, price discovery, and financial inclusion across over 99% of Indian postal codes. As of March 31, 2026, NSE had 1,974 full-time employees, while its subsidiaries employed an additional 907 employees across technology, operations, risk management, compliance, and business functions.
As described in the offer document.
| Metric | 30-Jun-26 | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
NSE IPO was a ₹22,561.57 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹1,700–₹1,785 per share with a lot size of 8 shares (₹14,280). The IPO was open from September 17 to September 21, 2026 and was subscribed 5.71x. Shares listed on BSE on September 24, 2026 at ₹1,800, a 0.8% premium to the issue price of ₹1,785. MUFG Intime India Pvt. Ltd. is the registrar. Kotak Mahindra Capital Co. Ltd.
and 19 other book running lead managers manage the issue.
The price band of NSE IPO is ₹1700 to ₹1785 per share.
The lot size of NSE IPO is 8 shares.
The minimum investment for NSE IPO is approximately ₹14,280 based on the upper price band.
The allotment date of NSE IPO is Sep 22, 2026.
No GMP quote could be verified as recorded before NSE IPO listed. A grey-market observation of ₹45 per share was recorded on 24 Sep 2026, 8:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹1800. GMP is unofficial and does not forecast or guarantee the actual listing price.
NSE IPO listed on Sep 24, 2026. It was issued at ₹1800.0(BSE) and is currently around ₹1782.10 as on 30-Oct-2026 3:59 PM, which is approximately -0.2% versus issue price. The 52-week high is ₹1,878.00.
You can check NSE IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the NSE IPO allotment status on Rupix for quick and easy access.
₹1,700 to ₹1,785 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 8 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,280.
₹14,280, for one lot of 8 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 17 September 2026 and closed on 21 September 2026.
The basis of allotment was published on 22 September 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 September 2026 on BSE (Not on NSE), opening at ₹1,800.
The issue size was ₹22561.57 crore. The offer for sale was 12,64,36,650 shares (aggregating up to ₹22561.57 crore).
It listed at ₹1,800 against an issue price of ₹1,785, a gain of 0.8 percent on listing day.