Archive · 11 Sep 2026
NSE Sets IPO Price Band Ahead of September Subscription
The National Stock Exchange of India has announced the price range for its upcoming IPO.
Each share will cost between ₹1,700 and ₹1,785.
The IPO is scheduled to accept applications from 17 September to 21 September 2026.
Some large investors may receive shares before the public subscription begins on 16 September.
Investors must apply for at least eight shares.
Additional shares must also be requested in groups of eight.
The offering will sell 12.644 crore existing shares rather than issuing new shares.
In the grey market, the estimated premium is ₹191, but it has fallen from ₹222 yesterday and ₹285 a week ago.
The shares are expected to list on 24 September, although that date is described as likely.
NSE has set its IPO price band at ₹1,700–₹1,785 per equity share, with a face value of Re 1.
The public issue is scheduled to open on 17 September 2026 and close on 21 September 2026.
Anchor-investor allocation is scheduled for 16 September, while the likely allotment and listing dates are 22 and 24 September 2026.
The lot size is eight equity shares, with subsequent applications in multiples of eight.
The 100% Offer for Sale involves 12.644 crore shares, while the grey-market premium has fallen to ₹191 from ₹222 the previous day and ₹285 a week earlier.
- Who
- The National Stock Exchange of India, its selling shareholders including State Bank of India, and prospective investors.
- What
- NSE confirmed its IPO price band, subscription schedule, lot size, Offer for Sale structure and grey-market premium.
- When
- The IPO is scheduled for 17–21 September 2026; anchor allocation is scheduled for 16 September 2026.
- Where
- The issue concerns the National Stock Exchange of India; no physical location is specified.
- Why
- The issue is a 100% Offer for Sale, meaning existing shareholders are offering their shares; the articles do not state a further reason.
Potentially Positive Signal
Cautionary Signal
Grey-market premium
Potentially Positive Signal
The reported premium of ₹191, or roughly 10–11% according to one article, indicates possible listing gains.
Cautionary Signal
The premium has declined from ₹222 the previous day and ₹285 a week earlier, showing weaker grey-market momentum.
- Price band
- ₹1,700 to ₹1,785 per equity share
- Face value
- Re 1 per share
- Subscription dates
- 17 September 2026 to 21 September 2026
- Anchor allocation
- Scheduled for 16 September 2026
- Lot size
- Eight equity shares, with later applications in multiples of eight
- Offer structure
- 100% Offer for Sale involving 12.644 crore shares
- Largest selling shareholder
- State Bank of India (SBI)
- Grey-market premium
- ₹191, down from ₹222 the previous day and ₹285 one week earlier