NSE IPO opens for subscription on September 17, giving investors a chance to participate in the long-awaited public listing of the National Stock Exchange.
The price band has been fixed at ₹1,700 to ₹1,785 per share, while the issue size is expected to be around ₹22,561 crore.
NSE IPO Price Band and Issue Size
The NSE IPO is entirely an Offer for Sale (OFS), meaning existing shareholders will sell their shares and the National Stock Exchange itself will not receive proceeds from the issue.
The offer comprises 12.64 crore shares after the issue size was reduced from the earlier proposal.
At the upper end of the price band, the issue is valued at about ₹22,561 crore, making it one of the largest IPOs in the Indian primary market.
The exchange could command a valuation of around ₹4.42 lakh crore at the upper price band.
NSE IPO Dates and Minimum Investment
NSE IPO subscription will open on September 17 and close on September 21, 2026.
The listing is expected around September 24, although investors should check the final exchange and company announcements for the confirmed listing schedule.
The retail lot size is eight shares. At the upper price of ₹1,785 per share, a retail investor would need ₹14,280 for one lot.
The retail portion is 35% of the issue, while qualified institutional buyers have a 50% reservation.
NSE IPO GMP and Investor Interest
The NSE IPO has also attracted attention in the grey market.
Recent reports placed the grey market premium at around 11–12%, although GMP is unofficial, can change quickly and does not guarantee the actual listing price.
The IPO marks a major milestone for NSE after years of delays.
The exchange had first filed its draft prospectus in 2016, but regulatory and legal issues delayed its public listing for several years.
Investors should consider the IPO’s valuation, market conditions, company performance and risks before making an investment decision.
Grey market trends should not be treated as a guaranteed indication of listing gains.
