Archive · 17 Sep 2026
NSE’s Rs 22,569-Crore IPO Opens With 9% Subscription
The National Stock Exchange of India has started selling shares to the public.
This sale is called an initial public offering, or IPO.
On its first day, investors applied for 9% of the shares available.
Retail investors applied for 12% of their allotted portion, while non-institutional investors applied for 15%.
Before the public sale, large investors put in Rs 6,746 crore.
The shares cost between Rs 1,700 and Rs 1,785 each.
Existing shareholders are selling the shares, so the money will go to them rather than directly to NSE.
The IPO follows nearly a decade of delayed listing plans linked to regulatory scrutiny and legal complications.
The National Stock Exchange of India’s Rs 22,569-crore IPO opened Thursday and was 9% subscribed on the first day.
Investors bid for 81,99,336 shares against 8,86,42,911 shares offered, according to BSE data until 10:16 am.
Non-institutional investors subscribed to 15% of their allocation, while retail investors subscribed to 12%.
NSE raised Rs 6,746 crore from 150 anchor investors, including LIC, Goldman Sachs, Fidelity and sovereign wealth funds.
The offer-for-sale is priced at Rs 1,700-Rs 1,785 per share, valuing NSE at up to Rs 4.42 lakh crore.
- Who
- The National Stock Exchange of India, its existing shareholders, public investors and anchor investors.
- What
- NSE launched a Rs 22,569-crore initial public offering that was 9% subscribed on its first day.
- When
- The IPO opened on Thursday; subscription data was recorded until 10:16 am, and the issue is scheduled to close on September 21.
- Where
- India, with subscription data reported from the Bombay Stock Exchange.
- Why
- Existing shareholders are selling up to 12.64 crore shares, while NSE’s listing plans follow years of regulatory scrutiny and legal complications.
- IPO size
- Rs 22,569 crore at the upper end of the price band; about Rs 21,494 crore at the lower end
- First-day subscription
- 9%, with bids for 81,99,336 shares against 8,86,42,911 shares offered
- Price band
- Rs 1,700-Rs 1,785 per equity share
- Valuation
- Rs 4.2 lakh crore to Rs 4.42 lakh crore; the upper-end valuation was also reported as approximately $52.9 billion
- Anchor investors
- 150 investors committed Rs 6,746.2 crore before the public offering
- Offer structure
- Offer-for-sale of up to 12.64 crore shares by existing shareholders; proceeds will not go to NSE
- Schedule
- The issue closes on September 21 and NSE is expected to debut on September 24
- Market ranking
- India’s second-largest public issue, after Hyundai Motor India’s Rs 27,870-crore IPO in 2024
