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NSE · BSE · Financial Services
National Stock Exchange of India IPO listed on 24 Sep 2026 on BSE at ₹1,800.00, a gain of 0.84% over the issue price of ₹1,785.00. The IPO was subscribed 5.71x overall.
National Stock Exchange of India IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 17 Sep 2026 |
| IPO Close Date | 21 Sep 2026 |
| Basis of Allotment | 22 Sep 2026 |
| Initiation of Refunds | 23 Sep 2026 |
| Credit of Shares to Demat | 23 Sep 2026 |
| Listing Date | 24 Sep 2026 |
Listing day gain
+0.84%
Listed at ₹1,800 (issue ₹1,785)
Issue
₹1,785
Listing
₹1,800
Current
₹1,818
+1.85% vs issue
Day range
₹1,800 – ₹1,878
Issue Size
126,436,650 shares
(aggregating up to ₹22,562.00 Cr)
Issue Price
₹1,700 – ₹1,785
Face Value
₹1/share
Market Lot
8 shares
Retail Min Investment
₹14,280
Listing At
BSE
Sale Type
offer for sale
Fresh Issue
[.]
Offer for Sale
126,436,650 shares
(aggregating up to ₹22,562 Cr)
Employee Discount
₹170
Issue Type
book building
Open Date
17 Sep
Close Date
21 Sep
Allotment
22 Sep
Listing
24 Sep
Last updated: 1 week ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 24 Sep 2026 Latest | ₹1,785 | ₹40 | ₹1,825 | ₹40 |
2.24%
|
9:04 AM |
| 23 Sep 2026 | ₹1,785 | ₹47 | ₹1,832 | ₹47 |
2.63%
|
11:14 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 21 Sep 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 12.68x |
| NII | 6.55x |
| bNII (bids above ₹10L) | 7.78x |
| sNII (bids below ₹10L) | 4.09x |
| Retail Investors | 1.39x |
| Employees | 2.4x |
| Total | 5.71x |
Showing the latest subscription snapshot.
View full subscription historyNew to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 8 | ₹14,280 |
| Retail (Max) | 14 | 112 | ₹199,920 |
| S-HNI (Min) | 15 | 120 | ₹214,200 |
| S-HNI (Max) | 70 | 560 | ₹999,600 |
| B-HNI (Min) | 71 | 568 | ₹1,013,880 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 63,001,607 (49.83%) |
|
•
Anchor Investor Shares Offered
|
37,793,739 (29.89%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
25,207,868 (19.94%) |
| NII (HNI) Shares Offered | 18,900,481 (14.95%) |
|
•
bNII > ₹10L
|
12,600,320 (9.97%) |
|
•
sNII < ₹10L
|
6,300,161 (4.98%) |
| Retail Shares Offered | 44,101,125 (34.88%) |
| Employees Shares Offered | 433,437 (0.34%) |
| Total Shares Offered | 126,436,650 (100.00%) |
The National Stock Exchange has been India's trading backbone for over three decades, yet ironically, it has never been listed on its own platform. That long-standing paradox is finally about to end.
NSE's journey toward going public has been anything but smooth. It first attempted an IPO back in 2016 but got entangled in regulatory trouble with SEBI over governance issues and the infamous co-location scandal, where certain brokers allegedly got preferential access to market data. That controversy kept the exchange in regulatory limbo for years.
Fast forward to January 2026 SEBI finally handed NSE a clean No Objection Certificate, and the exchange's board wasted no time approving the IPO plan in February. The draft papers are expected to be filed with SEBI in the first two weeks of June 2026, with the actual listing likely before the year ends.
The IPO will be an Offer for Sale, meaning early investors and stakeholders are cashing out rather than the exchange raising fresh money. The valuation being talked about is somewhere around ₹5 lakh crore a number that would make it the biggest IPO in Indian history.
Standalone · ₹ in Crores
| Particulars | FY Mar 2025 | FY Mar 2026 | FY Jun 2026 |
|---|---|---|---|
| Total Revenue | 19,176.83 | 18,713.37 | 5,252.17 |
| Profit After Tax (PAT) | 12,187.69 | 10,302.06 | 3,120.08 |
| EBITDA | 12,646.88 | 11,097.9 | 4,332.04 |
| Total Assets | 69,466.64 | 87,937.44 | 91,334.07 |
| Net Worth | 30,165.05 | 31,869.72 | 34,983.74 |
| Reserves & Surplus | 30,105.83 | 31,866.04 | 34,996.73 |
| Total Borrowing | 0 | - | - |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 | Jun 2026 |
|---|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 32.98% | 9.26% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 42.8% | 11.55% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 33.21% | 33.21% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 50.98% | 58.78% |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 13.76x | 12.54x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹41.62 | ₹50.43 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 42.89x | 35.4x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹441,788 Cr | ₹441,788 Cr |
The basis of allotment for National Stock Exchange of India IPO was finalised on 22 Sep 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The National Stock Exchange of India IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for National Stock Exchange of India IPO is ₹1,700.00 - ₹1,785.00 per share.
As per market sources, National Stock Exchange of India IPO GMP is currently ₹40.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for National Stock Exchange of India IPO stands at 5.71x overall.
The listing date for National Stock Exchange of India IPO is 24 Sep 2026.
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