Search IPOs
Subscription Status · Sep 17 – Sep 21, 2026 · ₹1,700–1,785
The National Stock Exchange of India IPO subscription has recorded healthy investor demand with an overall subscription of 5.71× as of Sep 21, 2026, indicating that investors applied for 5.71 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Sep 21, 2026, 7:21 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
25,207,868 | 319,715,504 |
12.68×
|
|
NII
Non-Institutional Investors
|
18,900,482 | 123,743,408 |
6.55×
|
|
bNII
Bids above ₹10L
|
12,600,321 | 97,971,576 |
7.78×
|
|
sNII
Bids below ₹10L
|
6,300,161 | 25,771,832 |
4.09×
|
|
Retail
Retail Individual Investors
|
44,101,125 | 61,516,672 |
1.39×
|
|
Employees
Employee Category
|
433,437 | 1,038,264 |
2.40×
|
|
Total
|
88,642,912 | 506,013,848 |
5.71×
|
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 25,207,868 | 4,728,464 | 0.19× |
| NII | 18,900,482 | 13,618,136 | 0.72× |
| bNII | 12,600,321 | 7,713,400 | 0.61× |
| sNII | 6,300,161 | 5,904,736 | 0.94× |
| Retail | 44,101,125 | 19,570,392 | 0.44× |
| Employees | 433,437 | 420,536 | 0.97× |
| Total | 88,642,912 | 38,337,528 | 0.43× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 25,207,868 | 33,294,232 | 1.32× |
| NII | 18,900,482 | 27,685,232 | 1.46× |
| bNII | 12,600,321 | 17,124,440 | 1.36× |
| sNII | 6,300,161 | 10,560,792 | 1.68× |
| Retail | 44,101,125 | 30,507,352 | 0.69× |
| Employees | 433,437 | 614,576 | 1.42× |
| Total | 88,642,912 | 92,101,392 | 1.04× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 25,207,868 | 319,715,504 | 12.68× |
| NII | 18,900,482 | 123,743,408 | 6.55× |
| bNII | 12,600,321 | 97,971,576 | 7.78× |
| sNII | 6,300,161 | 25,771,832 | 4.09× |
| Retail | 44,101,125 | 61,516,672 | 1.39× |
| Employees | 433,437 | 1,038,264 | 2.40× |
| Total | 88,642,912 | 506,013,848 | 5.71× |
As of September 21, 2026, the National Stock Exchange of India IPO has been subscribed 5.71 times overall. The IPO is fully subscribed.
The National Stock Exchange of India IPO subscription window was open from September 17, 2026 to September 21, 2026. Investors could apply through their demat account or ASBA facility.
The National Stock Exchange of India IPO has a price band of ₹1,700 to ₹1,785 per share, with a lot size of 8 shares. Minimum retail investment: ₹13,600 (lower band) or ₹14,280 (upper band).
The QIB category has been subscribed 12.68 times. QIBs were offered 25,207,868 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 1.39 times. Retail was offered 44,101,125 shares.
Overall NII: 6.55×. bNII (>₹10L): 7.78×, sNII (<₹10L): 4.09×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on September 22, 2026. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
National Stock Exchange of India IPO is expected to list on September 24, 2026. Shares will list on BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 5.71× means investors have bid for 5.71 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 1.39×, the estimated allotment probability for retail investors is Good. Decent chance of full allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for National Stock Exchange of India IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Sep 17 to Sep 21, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest National Stock Exchange of India IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Sep 17, 2026Subscription Closes Done
Sep 21, 2026Basis of Allotment Done
Sep 22, 2026Listing on BSE Done
Sep 24, 2026Decent chance of full allotment. Based on retail subscription of 1.39×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
Share Subscription Card
Download a branded image to share on WhatsApp, Twitter, or Telegram
Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
