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National Stock Exchange of India Limited

MainboardlistedBSE
17 Sep 2026 – 21 Sep 2026
LISTED
Offer Price
₹1700–1785
Bid lot
8
Min Application
₹14,280
Issue Size
₹22,562 Cr

Key dates

Open date
17 Sep 2026
Done
Close date
21 Sep 2026
Done
Basis of allotment
22 Sep 2026
Done
Initiation of refunds
22 Sep 2026
Done
Credit to demat
22 Sep 2026
Done
Listing date
24 Sep 2026
Done

Issue reservation

₹22,562 Cr
QIB 48.29%9.66%Retail 33.8%
QIB
6.11 Cr sh · ₹10895.19 Cr
48.29%
HNI (10L+)
1.22 Cr sh · ₹2179.49 Cr
9.66%
HNI (2-10L)
61.1 L sh · ₹1089.74 Cr
4.83%
Retail
4.27 Cr sh · ₹7625.96 Cr
33.8%
Employee
43.3 L sh · ₹699.85 Cr
3.43%
Applications required for 1× subscription
Retail (≤₹2L)
53,42,016 forms
S-HNI (₹2–10L)
50,876 forms
B-HNI (>₹10L)
21,497 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Axial Capital Private Limited · ICICI Securities Limited · Jm Financial Limited

Lot ladder — how much to bid

1 lot = 8 shares
Retail · Up to ₹2 L1–14 lots
Min · 1 lot
8 sh · ₹14,280
Max · 14 lots
112 sh · ₹1,99,920
S-HNI · ₹2 L to ₹10 L15–70 lots
Min · 15 lots
120 sh · ₹2,14,200
Max · 70 lots
560 sh · ₹9,99,600
B-HNI · Above ₹10 L71+ lots
Min · 71 lots
568 sh · ₹10,13,880
Entry point
₹10,13,880 onward

Issue details

Lead managersAxial Capital Private Limited, ICICI Securities Limited, Jm Financial Limited
Offer for sale12,63,97,759 sh · ₹22562 Cr
Face value₹10
Listing onBSE
RegistrarMUFG Intime India Pvt.Ltd.
Live subscription
FinalUpdated 21 Sep 2026
5.62×
0×1×2×3×+
Heavily subscribed
Book₹16,030 Cr
Subscribed₹90,019 Cr
Applications77,38,461

Share-wise

by category
CategoryBook SizeSubscriptionNo. of Times
QIB (Ex. Anchor)
2,44,20,643₹4,359 Cr
31,97,15,504₹57,069 Cr
13.09×
HNI
1,83,15,482₹3,269 Cr
12,36,84,336₹22,078 Cr
6.75×
HNI (10L+)
1,22,10,321₹2,180 Cr
9,79,71,576₹17,488 Cr
8.02×
HNI (2-10L)
61,05,161₹1,090 Cr
2,57,12,760₹4,590 Cr
4.21×
Retail
4,27,36,125₹7,628 Cr
5,98,86,936₹10,690 Cr
1.40×
Employee
43,33,437₹699.85 Cr
10,24,072₹165.39 Cr
0.24×
Total
8,98,05,687₹16,030 Cr
50,43,10,848₹90,019 Cr
5.62×

*QIB Book Size EXCLUDES the anchor portion of 3,66,30,964 shares, which is ESTIMATED from the reserved percentage rather than the allotment.

Application-wise

CategoryReq 1×TotalTimes
HNI (10L+)21,4971,38,3436.44×
HNI (2-10L)50,8761,73,4333.41×
Retail53,42,01634,31,0690.64×
Employee5,41,68042,3120.08×

Total applications: 37,85,157

Subscription Demand

in ₹ crore
CategoryApplied
QIB57069.22
HNI22077.65
HNI (10L+)17487.93
HNI (2-10L)4589.73
Retail10689.82
Employee165.39
Total90019.49

Amounts at the upper band (₹1785). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

30-Jun-26

FY26

FY25

FY24

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

PAT

3,120.08

10,302.06

12,187.69

8,305.74

Net Worth

34,983.74

31,869.72

30,165.05

23,833.10

Reserves & Surplus

34,996.73

31,866.04

30,105.83

23,924.91

Objects of the issue

The NSE IPO comprises a 100% Offer for Sale (OFS), with no proceeds accruing to the company from the issue.

About the company

Incorporated in 1992, National Stock Exchange of India Limited (NSE) is India's largest stock exchange and a leading multi-asset exchange platform globally. It provides an integrated ecosystem covering trading, clearing, settlement, listing, market data, and index services across equities, derivatives, currencies, commodities, debt securities, and mutual funds.

As of June 30, 2026, NSE had 261.36 million+ registered investor accounts, 129 million unique investors, 1,328 trading members, and 3,005 listed companies, with total listed market capitalization of approximately ₹474.08 trillion.

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

NSE also has diversified non-trading businesses, including NSE Clearing Ltd. for clearing and settlement, NSE Indices Ltd. for index services, NSE Data and Analytics Ltd. for market data and analytics, and NSE International Exchange for foreign-currency-denominated trading. It also provides mutual fund registry, back-end support, and e-governance services.

NSE's scalable technology infrastructure supports high-frequency trading, real-time data, risk management, surveillance, and regulatory compliance, making it a key part of India's capital-market ecosystem.

Company strengths

  • India’s market leader with a deep, liquid ecosystem.

  • Strong beneficiary of India’s structural growth.

  • Trusted brand with strong market infrastructure.

  • Vertically integrated and innovation-driven platform.

  • Scalable, resilient technology infrastructure.

  • Diverse multi-asset product suite.

  • Strong profitability and cash generation.

  • Experienced management and robust governance.

Registered office & contact

National Stock Exchange of India Limited

Address - Exchange Plaza,

C-1, Block G, Bandra Kurla Complex,

Bandra (East),

Mumbai, Maharashtra, 400051

📞 +91 22 2659 8100

✉️ nse.ipo@nse.co.in

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the NATIONAL STOCK EXCHANGE OF INDIA LIMITED IPO?

One lot of 8 shares — ₹14,280 at the upper price band of ₹1785.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-24 on BSE.

₹1700–1785
Applications are closed.