What is the GMP of NSE IPO today?

The grey market premium (GMP) of NSE IPO is ₹40 (+2.24% of the issue price), as of 24 Sep 2026, 12:28 am IST. GMP is an unofficial indicator and can change quickly.

What is the price band of NSE IPO?

The price band of NSE IPO is ₹1700.00 – ₹1785.00.

When does NSE IPO open and close?

NSE IPO opens on 17-Sep and closes on 21-Sep, with listing expected on 24-Sep.

What is the lot size of NSE IPO?

The lot size is 8 shares, so the minimum investment is ₹14,280.

What is the subscription status of NSE IPO?

NSE IPO is subscribed 5.71× overall as of 24 Sep 2026, 12:28 am IST.

What is the estimated listing price of NSE IPO?

Based on the current GMP, the estimated listing price is ₹1,825. This is indicative only and not guaranteed.

Back to all IPOs

IPOClosed

NSE IPO

Exchange and Data Platform · BSE

LIVE GMP₹40+2.24% vs issue price

Issue price₹1,785upper price band

Est. listing₹1,825+2.24% indicative gain

Subscription5.71×times subscribed

Lot size8shares per lot

AI ANALYST

Scorecard & verdict

Generated 24 Sep 2026, 12:28 am IST · shared across all visitors

Verdict + score + confidence

Score: 68/100 | Verdict: APPLY (lean listing gain) | Confidence: Medium

Scorecard table

Parameter	Data + source	Score
1. GMP (15)	GMP ₹40 = 2.24% of upper band (₹1785) → 0-3% bracket → 2 pts (Issue data: GMP, price band)	2
2. ANCHOR BOOK (15)	Anchor portion ₹6,746.18 Cr (29.89% of total issue, 59.78% of QIB portion); lock-ins: 50% ends 21-Oct-2026, 90% ends 20-Dec-2026 (Issue data: Anchor section)	12
3. PROMOTER/LEGAL RED FLAGS (20)	Web research shows SEBI litigation over promoter misuse of IPO proceeds, fictitious transactions, manipulated financials, enforcement orders banning promoters ([2], [3], [4]). Deduct 10 → 10 pts	10
4. VALUATION vs PEERS (20)	IPO P/E 35.4x (post-IPO), EPS ₹50.43, price-to-book 12.54 (Issue data: Valuation, KPIs). Peer comparison: NSE P/E 35.4x vs BSE 54.28x → NSE cheaper ([3], [4]). Score: 16 pts	16
5. SUBSCRIPTION (20)	QIB 12.68x → 9 pts; NII/HNI 6.55x → 9 pts; Retail+sNII 1.39x + 4.09x = 5.48x → 2 pts (Issue data: Subscription breakdown)	20
6. ISSUE QUALITY (10)	OFS only (no fresh capital), use of proceeds not disclosed (OFS), revenue/PAT declining YoY (Issue data: Sale Type, Financials) → 4 pts	4
Total		68

Top positives / top red flags found

Top positives

Strong QIB (12.68x) and NII/HNI (6.55x) subscription indicating institutional confidence
Anchor portion sizeable (₹6,746.18 Cr) with defined lock-ins (30/90 days)
Valuation attractive vs peer BSE (P/E 35.4x vs 54.28x)

Top red flags

SEBI litigation over promoter misuse of IPO proceeds, fictitious transactions, and manipulated financials ([2], [3], [4])
OFS-only structure: no fresh capital infusion for company growth
Sharp downward GMP trend (from ₹285 to ₹40) and low GMP % (2.24%)
Declining revenue (-2%) and PAT (-15%) YoY (Issue data: Financials)

Missing data

Anchor investor names (not in issue data)
Cash-flow and receivable data (not in issue data)
Use of proceeds details (OFS only, no disclosure in issue data)
Promoter holding pre/post issue (stated as "No Identifiable Promoter" but web research cites promoter misuse — ambiguity remains)
Peer P/E for global exchanges (only BSE cited; web research mentions global peers lower P/E but no data)

Data timestamp (market data) and web research query timestamp

Market data fetched: 2026-09-23T18:58:29.053Z
Web research fetched: 2026-09-23T18:58:34.053Z

Not investment advice. Do your own due diligence.

GMP MOVEMENT

Grey market trend

Sharp Downward

370 recorded GMP updates · Oldest to latest

TREND READ

Sharp Downward GMP trend

NSE IPO's grey market premium is currently showing a Sharp Downward trend across the last 20 grey market sessions. The GMP has moved from ₹285 to ₹40, a net drop of ₹245. 26.3% of these sessions were positive versus 73.7% negative, with the premium swinging across a range of ₹270.

Starting GMP₹285

Net change−₹245

GMP range₹270

Sessions20

LIVE DEMAND

Subscription by investor category

As of 21st Sep 2026 18:56

QIB12.68×Qualified institutions

NII / HNI6.55×Non-institutional investors

bNII7.78×HNI applications above ₹10L

sNII4.09×HNI applications below ₹10L

Retail1.39×Retail individual investors

Total5.71×Overall subscription

Total bid amount: ₹90,323.47 crore

ISSUE DETAILS

Dates, pricing & lot

Opening date17-Sep

Closing date21-Sep

Listing date24-Sep

Price band₹1700.00 – ₹1785.00

Issue size₹22561.57 Cr

Minimum investment₹14,280

Est. profit per lot₹320

ExchangeBSE

CategoryIPO

HISTORY

GMP updates

Date & time	GMP	Movement
23 Sept, 10:02 pm	₹40	Down
23 Sept, 09:02 pm	₹47	Down
23 Sept, 08:37 pm	₹54	Down
23 Sept, 08:02 pm	₹68	Down
23 Sept, 07:37 pm	₹72	Down
23 Sept, 07:02 pm	₹81	Down
23 Sept, 06:37 pm	₹83	Up
23 Sept, 06:02 pm	₹81	Down
23 Sept, 05:37 pm	₹88	Up
23 Sept, 05:02 pm	₹84	Up
23 Sept, 04:37 pm	₹80	Flat
23 Sept, 04:02 pm	₹80	Down
23 Sept, 03:37 pm	₹81	Up
23 Sept, 03:02 pm	₹79	Down
23 Sept, 02:37 pm	₹81	Up
23 Sept, 01:37 pm	₹76	Up
23 Sept, 01:02 pm	₹75	Up
23 Sept, 12:37 pm	₹68	Up
23 Sept, 12:02 pm	₹61	Up
23 Sept, 11:37 am	₹59	Flat
23 Sept, 11:02 am	₹59	Up
23 Sept, 10:37 am	₹56	Up
22 Sept, 11:37 pm	₹43	Flat
22 Sept, 11:02 pm	₹43	Up
22 Sept, 10:37 pm	₹40	Down
22 Sept, 10:02 pm	₹44	Down
22 Sept, 09:37 pm	₹46	Up
22 Sept, 09:02 pm	₹44	Up
22 Sept, 08:37 pm	₹42	Up
22 Sept, 08:02 pm	₹41	Down
22 Sept, 07:02 pm	₹43	Down
22 Sept, 06:37 pm	₹45	Up
22 Sept, 06:02 pm	₹44	Up
22 Sept, 05:37 pm	₹43	Flat
22 Sept, 05:02 pm	₹43	Down
22 Sept, 04:37 pm	₹46	Down
22 Sept, 04:02 pm	₹47	Down
22 Sept, 03:37 pm	₹51	Down
22 Sept, 03:02 pm	₹53	Up
22 Sept, 02:37 pm	₹51	Up
22 Sept, 02:02 pm	₹46	Down
22 Sept, 01:37 pm	₹52	Down
22 Sept, 01:02 pm	₹53	Down
22 Sept, 12:37 pm	₹54	Down
22 Sept, 12:02 pm	₹65	Down
22 Sept, 11:37 am	₹67	Up
22 Sept, 10:37 am	₹66	Down
22 Sept, 09:37 am	₹67	Up
21 Sept, 10:37 pm	₹65	Down
21 Sept, 09:37 pm	₹68	Up
21 Sept, 09:02 pm	₹62	Up
21 Sept, 08:37 pm	₹61	Up
21 Sept, 08:02 pm	₹60	Up
21 Sept, 06:37 pm	₹58	Up
21 Sept, 06:02 pm	₹56	Up
21 Sept, 05:37 pm	₹55	Flat
21 Sept, 05:02 pm	₹55	Up
21 Sept, 04:37 pm	₹49	Up
21 Sept, 04:02 pm	₹38	Up
21 Sept, 03:37 pm	₹30	Down
21 Sept, 03:02 pm	₹35	Down
21 Sept, 02:37 pm	₹52	Down
21 Sept, 02:02 pm	₹60	Down
21 Sept, 01:37 pm	₹61	Down
21 Sept, 01:02 pm	₹70	Up
21 Sept, 12:37 pm	₹67	Up
21 Sept, 12:02 pm	₹61	Up
21 Sept, 11:37 am	₹59	Down
21 Sept, 11:02 am	₹72	Up
21 Sept, 10:37 am	₹63	Up
21 Sept, 10:02 am	₹57	Up
21 Sept, 09:37 am	₹56	Up
21 Sept, 09:02 am	₹50	Up
20 Sept, 11:02 pm	₹48	Down
20 Sept, 10:37 pm	₹52	Up
20 Sept, 10:02 pm	₹50	Up
20 Sept, 09:37 pm	₹47	Up
20 Sept, 07:37 pm	₹43	Down
20 Sept, 07:02 pm	₹44	Down
20 Sept, 06:37 pm	₹45	Up
20 Sept, 06:02 pm	₹40	Down
20 Sept, 05:37 pm	₹49	Up
20 Sept, 05:02 pm	₹38	Up
20 Sept, 03:37 pm	₹35	Down
20 Sept, 03:02 pm	₹39	Down
20 Sept, 02:37 pm	₹43	Down
20 Sept, 01:02 pm	₹48	Flat
20 Sept, 12:37 pm	₹48	Up
20 Sept, 12:02 pm	₹45	Down
20 Sept, 11:37 am	₹48	Down
20 Sept, 11:02 am	₹52	Down
20 Sept, 09:37 am	₹58	Up
20 Sept, 08:37 am	₹55	Down
20 Sept, 07:37 am	₹60	Down
19 Sept, 10:37 pm	₹61	Up
19 Sept, 10:02 pm	₹58	Up
19 Sept, 09:37 pm	₹53	Down
19 Sept, 09:02 pm	₹55	Down
19 Sept, 08:37 pm	₹61	Down
19 Sept, 08:02 pm	₹67	Down
19 Sept, 07:37 pm	₹68	Down
19 Sept, 06:37 pm	₹70	Down
19 Sept, 06:02 pm	₹73	Down
19 Sept, 05:37 pm	₹77	Down
19 Sept, 05:02 pm	₹86	Down
19 Sept, 04:02 pm	₹88	Up
19 Sept, 03:37 pm	₹87	Down
19 Sept, 02:37 pm	₹88	Up
19 Sept, 02:02 pm	₹86	Up
19 Sept, 01:37 pm	₹84	Up
19 Sept, 01:02 pm	₹83	Down
19 Sept, 12:37 pm	₹84	Down
19 Sept, 12:02 pm	₹94	Up
19 Sept, 11:37 am	₹91	Up
19 Sept, 11:02 am	₹87	Down
19 Sept, 10:37 am	₹99	Down
19 Sept, 10:02 am	₹103	Down
18 Sept, 11:37 pm	₹111	Down
18 Sept, 07:37 pm	₹113	Down
18 Sept, 07:02 pm	₹115	Up
18 Sept, 06:37 pm	₹110	Down
18 Sept, 06:02 pm	₹113	Down
18 Sept, 05:37 pm	₹121	Up
18 Sept, 05:02 pm	₹114	Up
18 Sept, 04:37 pm	₹113	Up
18 Sept, 04:02 pm	₹110	Up
18 Sept, 03:37 pm	₹106	Up
18 Sept, 03:02 pm	₹105	Down
18 Sept, 02:37 pm	₹110	Up
18 Sept, 02:02 pm	₹106	Down
18 Sept, 01:37 pm	₹114	Up
18 Sept, 01:02 pm	₹109	Up
18 Sept, 12:37 pm	₹105	Down
18 Sept, 12:12 pm	₹124	Down
18 Sept, 12:02 pm	₹126	Down
18 Sept, 11:56 am	₹128	Down
18 Sept, 11:33 am	₹131	Up
18 Sept, 11:29 am	₹130	Flat
18 Sept, 11:02 am	₹130	Down
18 Sept, 10:37 am	₹134	Down
17 Sept, 10:37 pm	₹142	Down
17 Sept, 10:02 pm	₹145	Down
17 Sept, 09:37 pm	₹146	Down
17 Sept, 09:02 pm	₹150	Down
17 Sept, 08:37 pm	₹152	Up
17 Sept, 08:02 pm	₹150	Up
17 Sept, 06:37 pm	₹148	Up
17 Sept, 05:37 pm	₹147	Down
17 Sept, 05:02 pm	₹148	Flat
17 Sept, 04:02 pm	₹148	Up
17 Sept, 03:37 pm	₹147	Down
17 Sept, 03:02 pm	₹148	Down
17 Sept, 02:37 pm	₹152	Up
17 Sept, 02:02 pm	₹150	Down
17 Sept, 01:37 pm	₹153	Up
17 Sept, 01:02 pm	₹152	Up
17 Sept, 12:37 pm	₹142	Up
17 Sept, 12:02 pm	₹140	Up
17 Sept, 11:37 am	₹137	Down
17 Sept, 11:02 am	₹140	Down
17 Sept, 10:37 am	₹150	Up
17 Sept, 10:02 am	₹140	Up
17 Sept, 06:02 am	₹125	Down
16 Sept, 11:37 pm	₹145	Down
16 Sept, 10:37 pm	₹158	Down
16 Sept, 10:02 pm	₹160	Down
16 Sept, 08:37 pm	₹162	Up
16 Sept, 07:37 pm	₹160	Up
16 Sept, 07:02 pm	₹157	Down
16 Sept, 06:37 pm	₹161	Down
16 Sept, 06:02 pm	₹162	Flat
16 Sept, 05:02 pm	₹162	Flat
16 Sept, 04:37 pm	₹162	Flat
16 Sept, 04:02 pm	₹162	Down
16 Sept, 03:37 pm	₹166	Flat
16 Sept, 03:02 pm	₹166	Down
16 Sept, 02:37 pm	₹167	Flat
16 Sept, 02:02 pm	₹167	Down
16 Sept, 01:37 pm	₹169	Up
16 Sept, 01:02 pm	₹160	Up
16 Sept, 12:37 pm	₹156	Up
16 Sept, 12:02 pm	₹152	Up
16 Sept, 11:37 am	₹146	Down
16 Sept, 11:02 am	₹147	Up
16 Sept, 10:37 am	₹145	Up
16 Sept, 10:02 am	₹132	Down
16 Sept, 09:37 am	₹152	Down
15 Sept, 10:37 pm	₹160	Up
15 Sept, 10:02 pm	₹157	Up
15 Sept, 09:37 pm	₹155	Down
15 Sept, 09:02 pm	₹160	Up
15 Sept, 08:37 pm	₹158	Down
15 Sept, 08:02 pm	₹170	Up
15 Sept, 07:37 pm	₹169	Down
15 Sept, 07:02 pm	₹175	Down
15 Sept, 02:02 pm	₹179	Down
15 Sept, 01:37 pm	₹180	Down
15 Sept, 01:02 pm	₹186	Down
15 Sept, 12:37 pm	₹190	Down
15 Sept, 12:02 pm	₹199	Up
15 Sept, 11:37 am	₹198	Down
15 Sept, 11:02 am	₹202	Flat
15 Sept, 10:37 am	₹202	Down
14 Sept, 06:37 pm	₹208	Flat
14 Sept, 04:37 pm	₹208	Down
14 Sept, 12:37 pm	₹210	Up
14 Sept, 12:02 pm	₹208	Flat
14 Sept, 11:37 am	₹208	Up
14 Sept, 11:02 am	₹207	Down
13 Sept, 09:37 pm	₹210	Up
13 Sept, 09:02 pm	₹205	Down
13 Sept, 07:02 pm	₹208	Flat
13 Sept, 06:37 pm	₹208	Down
13 Sept, 06:02 pm	₹210	Up
13 Sept, 04:02 pm	₹209	Down
13 Sept, 03:02 pm	₹210	Up
13 Sept, 01:37 pm	₹208	Up
13 Sept, 01:02 pm	₹207	Up
13 Sept, 11:37 am	₹204	Up
13 Sept, 11:02 am	₹200	Down
12 Sept, 08:37 pm	₹208	Up
12 Sept, 04:02 pm	₹207	Down
12 Sept, 01:37 pm	₹208	Down
12 Sept, 01:02 pm	₹210	Flat
12 Sept, 12:37 pm	₹210	Down
12 Sept, 12:02 pm	₹214	Flat
12 Sept, 11:37 am	₹214	Down
11 Sept, 07:02 pm	₹218	Up
11 Sept, 06:37 pm	₹217	Down
11 Sept, 05:37 pm	₹220	Down
11 Sept, 05:02 pm	₹228	Up
11 Sept, 04:37 pm	₹227	Up
11 Sept, 04:02 pm	₹217	Up
11 Sept, 03:37 pm	₹210	Up
11 Sept, 03:02 pm	₹200	Up
11 Sept, 02:02 pm	₹189	Up
11 Sept, 12:02 pm	₹185	Down
11 Sept, 11:37 am	₹187	Down
11 Sept, 11:02 am	₹188	Down
11 Sept, 10:37 am	₹190	Up
11 Sept, 10:02 am	₹180	Down
11 Sept, 09:02 am	₹190	Down
11 Sept, 06:02 am	₹191	Down
10 Sept, 10:37 pm	₹192	Down
10 Sept, 10:02 pm	₹205	Down
10 Sept, 09:37 pm	₹210	Up
10 Sept, 09:02 pm	₹209	Up
10 Sept, 07:37 pm	₹208	Down
10 Sept, 07:02 pm	₹210	Down
10 Sept, 06:37 pm	₹214	Up
10 Sept, 05:37 pm	₹211	Up
10 Sept, 05:02 pm	₹210	Down
10 Sept, 04:37 pm	₹213	Down
10 Sept, 04:02 pm	₹217	Down
10 Sept, 03:37 pm	₹222	Down
10 Sept, 02:37 pm	₹227	Down
10 Sept, 01:37 pm	₹228	Down
10 Sept, 01:02 pm	₹230	Up
10 Sept, 12:02 pm	₹225	Up
10 Sept, 10:02 am	₹224	Up
09 Sept, 11:02 pm	₹222	Down
09 Sept, 10:37 pm	₹223	Up
09 Sept, 10:02 pm	₹221	Down
09 Sept, 09:02 pm	₹225	Up
09 Sept, 08:37 pm	₹221	Up
09 Sept, 08:02 pm	₹220	Up
09 Sept, 07:37 pm	₹219	Up
09 Sept, 07:02 pm	₹216	Up
09 Sept, 06:37 pm	₹213	Down
09 Sept, 06:02 pm	₹218	Down
09 Sept, 05:37 pm	₹225	Down
09 Sept, 05:02 pm	₹226	Down
09 Sept, 04:37 pm	₹228	Up
09 Sept, 04:02 pm	₹221	Down
09 Sept, 03:37 pm	₹225	Down
09 Sept, 02:37 pm	₹226	Down
09 Sept, 02:02 pm	₹232	Up
09 Sept, 01:02 pm	₹221	Down
09 Sept, 12:37 pm	₹224	Down
09 Sept, 12:02 pm	₹228	Down
09 Sept, 11:37 am	₹245	Down
09 Sept, 11:02 am	₹253	Up
09 Sept, 10:37 am	₹250	Up
09 Sept, 10:02 am	₹244	Down
09 Sept, 09:37 am	₹248	Down
09 Sept, 08:37 am	₹250	Down
09 Sept, 06:02 am	₹255	Down
08 Sept, 11:37 pm	₹257	Up
08 Sept, 11:02 pm	₹254	Up
08 Sept, 10:37 pm	₹248	Up
08 Sept, 10:02 pm	₹246	Up
08 Sept, 09:37 pm	₹243	Up
08 Sept, 09:02 pm	₹226	Up
08 Sept, 08:37 pm	₹220	Up
08 Sept, 07:37 pm	₹217	Up
08 Sept, 07:02 pm	₹216	Down
08 Sept, 06:37 pm	₹217	Up
08 Sept, 05:37 pm	₹210	Up
08 Sept, 05:02 pm	₹208	Up
08 Sept, 04:37 pm	₹207	Up
08 Sept, 04:02 pm	₹199	Down
08 Sept, 03:37 pm	₹210	Down
08 Sept, 03:02 pm	₹222	Down
08 Sept, 02:37 pm	₹227	Down
08 Sept, 01:37 pm	₹231	Down
08 Sept, 12:02 pm	₹233	Up
08 Sept, 11:37 am	₹230	Down
08 Sept, 11:02 am	₹238	Up
08 Sept, 10:37 am	₹223	Down
08 Sept, 10:02 am	₹228	Up
07 Sept, 11:37 pm	₹221	Down
07 Sept, 11:02 pm	₹223	Down
07 Sept, 10:37 pm	₹230	Down
07 Sept, 09:37 pm	₹233	Down
07 Sept, 09:02 pm	₹235	Down
07 Sept, 08:37 pm	₹240	Up
07 Sept, 08:02 pm	₹238	Up
07 Sept, 07:37 pm	₹237	Down
07 Sept, 07:02 pm	₹252	Down
07 Sept, 06:37 pm	₹258	Down
07 Sept, 05:02 pm	₹269	Up
07 Sept, 04:37 pm	₹266	Down
07 Sept, 02:37 pm	₹268	Up
07 Sept, 01:37 pm	₹259	Down
07 Sept, 01:02 pm	₹260	Flat
07 Sept, 12:37 pm	₹260	Down
07 Sept, 12:02 pm	₹270	Up
07 Sept, 11:37 am	₹260	Down
07 Sept, 11:02 am	₹268	Down
07 Sept, 10:37 am	₹273	Down
07 Sept, 10:02 am	₹275	Up
06 Sept, 10:02 pm	₹273	Down
06 Sept, 09:37 pm	₹275	Up
06 Sept, 09:02 pm	₹265	Down
06 Sept, 08:37 pm	₹277	Down
06 Sept, 08:02 pm	₹280	Down
06 Sept, 07:02 pm	₹282	Down
06 Sept, 04:37 pm	₹290	Up
06 Sept, 04:02 pm	₹287	Up
06 Sept, 02:37 pm	₹282	Down
06 Sept, 01:02 pm	₹286	Down
06 Sept, 12:37 pm	₹287	Up
06 Sept, 12:02 pm	₹285	Down
05 Sept, 10:37 pm	₹310	Up
05 Sept, 10:02 pm	₹300	Down
05 Sept, 09:02 pm	₹308	Up
05 Sept, 08:37 pm	₹300	Down
05 Sept, 08:02 pm	₹335	Down
05 Sept, 07:37 pm	₹339	Up
05 Sept, 06:02 pm	₹335	Down
05 Sept, 05:37 pm	₹340	Up
05 Sept, 05:02 pm	₹327	Up
05 Sept, 04:37 pm	₹322	Up
05 Sept, 02:37 pm	₹315	Up
05 Sept, 02:02 pm	₹311	Up
05 Sept, 01:02 pm	₹307	Up
05 Sept, 12:37 pm	₹300	Up
05 Sept, 11:02 am	₹284	Down
04 Sept, 08:02 pm	₹285	Up
04 Sept, 07:37 pm	₹283	Up
04 Sept, 07:02 pm	₹280	Up
04 Sept, 06:37 pm	₹273	Up
04 Sept, 06:02 pm	₹255	Up
04 Sept, 05:37 pm	₹240	Up
04 Sept, 05:02 pm	₹180	Up
04 Sept, 04:37 pm	₹170	Up
04 Sept, 03:37 pm	₹169	Up
04 Sept, 03:02 pm	₹160	Up
04 Sept, 02:37 pm	₹150	Up
01 Sept, 05:37 pm	₹0	Flat

ISSUE STRUCTURE

IPO details

IPO Date: 17 to 21 Sep, 2026
Listing Date: Thu, Sep 24, 2026
Face Value: ₹1 per share
Price Band: ₹1700 to ₹1785
Issue Price: ₹1785 per share
Lot Size: 8 Shares
Sale Type: OFS only
Issue Type: Bookbuilding IPO
Listing At: BSE
Employee Discount: ₹170.00
Total Issue Size: 12,64,36,650 shares (agg. up to ₹22,562 Cr)
Offer for Sale: 12,64,36,650 shares of ₹1 (agg. up to ₹22,562 Cr)
Share Holding Pre Issue: 2,47,50,00,000 shares
Share Holding Post Issue: 2,47,50,00,000 shares
BSE Script Code: 544937
ISIN: INE721I01024

SCHEDULE

IPO timetable (tentative)

IPO OpenThu, Sep 17, 2026
IPO CloseMon, Sep 21, 2026
AllotmentTue, Sep 22, 2026

ALLOCATION

Issue reservation

NSE IPO comprises a total issue size of 12,64,36,650 shares. The net offer to the public is 12,60,03,214 shares, after excluding 4,33,436 shares under a preferential allotment. Of the Net offer 6,30,01,606 (50.00%) are allocated to QIB, 1,89,00,483 (15.00%) allocated to NII 4,41,01,125 (35.00%) allocated to RII.

Investor Category	Shares	% of Net Issue	% of Total Issue	Max Allottees
QIB	6,30,01,606	50.00%	49.83%	NA
− Anchor Investor	3,77,93,739	—	29.89%	NA
− QIB (Ex. Anchor)	2,52,07,867	—	19.94%	NA

INSTITUTIONS

Anchor investors

NSE IPO raises ₹6,746.18 crore from anchor investors. NSE IPO Anchor bid date is September 16, 2026.

Bid Date: Wed, Sep 16, 2026
Shares Offered: 3,77,93,739
Anchor Portion (₹ Cr.): 6,746.18
Anchor lock-in period end date for 50% shares (30 Days): Wed, Oct 21, 2026
Anchor lock-in period end date for remaining shares (90 Days): Sun, Dec 20, 2026

Anchor investors list (PDF)

COMPANY

About National Stock Exchange of India Ltd.

Updated Sep 23, 2026

Incorporated in 1992, National Stock Exchange of India Limited (NSE) is India's largest stock exchange and one of the world's leading multi-asset exchange platforms. NSE provides a vertically integrated ecosystem comprising trading, clearing, settlement, listing, market data, index services, and regulatory oversight across multiple asset classes, including equities, derivatives, currency derivatives, commodities, debt securities, and mutual funds.

NSE has consistently maintained its leadership position in India in cash market turnover, equity derivatives trading, and currency derivatives trading. As of June 30, 2026, the exchange served over 261.36 million registered investor accounts, 129 million unique investors, 1,328 trading members, and 3,005 listed companies, with a total listed market capitalization of approximately ₹474.08 trillion.

The exchange operates on a highly scalable and resilient technology infrastructure that supports high-frequency trading, real-time market data dissemination, risk management, surveillance, and regulatory compliance. NSE plays a critical role in India's capital market ecosystem by promoting transparency, investor protection, efficient price discovery, and broad-based financial inclusion across more than 99% of Indian postal codes.

As of March 31, 2026, its market share based on total turnover in cash market stood at 99.79%, 74.71% in equity futures market, 99.48% in equity options, and 100% in exchange-traded currency options, based on total premium turnover.

Additionally, it also has non-trading revenue stream to cater to diverse needs, such as:

Key Strengths

Promoter: No Identifiable Promoter

FINANCIALS

Company financials (restated)

National Stock Exchange of India Ltd.'s revenue decreased by 2% and profit after tax (PAT) dropped by 15% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended	30 Jun 2026	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	91,334.07	87,937.44	69,466.64	65,463.98
Total Income	5,252.17	18,713.37	19,176.83	16,352.06
Profit After Tax	3,120.08	10,302.06	12,187.69	8,305.74
EBITDA

PERFORMANCE

Key performance indicators

KPI	Jun 30, 2026	Mar 31, 2026
ROE	9.26%	32.98%
ROCE	11.55%	42.80%
RoNW	33.21%	33.21%
PAT Margin	58.78%	50.98%
NAV	142.40	129.75
Price to Book Value	12.54	13.76

PRICING

IPO valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	41.62	50.43
P/E (x)	42.89	35.4
Market Cap at Offer Price	₹4,41,787.50 Cr.	₹4,41,787.50 Cr

OWNERSHIP

Shareholding structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	NA	NA

Application	Lots	Shares	Amount
Retail (Min)	1	8	₹14,280
Retail (Max)	14	112	₹1,99,920
S-HNI (Min)	15	120	₹2,14,200
S-HNI (Max)	70	560	₹9,99,600
B-HNI (Min)	71	568	₹10,13,880

NSE IPO

Scorecard & verdict

Scorecard table

Top positives / top red flags found

Missing data

Data timestamp (market data) and web research query timestamp

Grey market trend

Sharp Downward GMP trend

Subscription by investor category

Dates, pricing & lot

GMP updates

IPO details

IPO timetable (tentative)

Issue reservation

Anchor investors

About National Stock Exchange of India Ltd.

Company financials (restated)

Key performance indicators

IPO valuation

Shareholding structure

Scorecard & verdict

Scorecard table

Top positives / top red flags found

Missing data

Data timestamp (market data) and web research query timestamp

IPO details

IPO timetable (tentative)

Issue reservation

Anchor investors

About National Stock Exchange of India Ltd.

Company financials (restated)

Key performance indicators

IPO valuation

Shareholding structure

IPO lot size