Archive · 22 Sep 2026
NSE IPO Closes 5.7 Times Subscribed Ahead of BSE Listing
The National Stock Exchange of India offered some shares owned by its existing shareholders to investors.
People and institutions wanted more shares than were available.
Final exchange figures showed that the IPO was subscribed about 5.7 times overall.
Large professional investors showed the strongest interest, subscribing 12.68 times their reserved portion.
Other large investors subscribed about 6.5 times, while individual investors subscribed slightly more than once.
Because this was an offer for sale, the money will go to existing shareholders rather than directly to NSE.
NSE had already raised ₹6,746 crore from anchor investors before public bidding began.
The IPO opened on September 17 and closed on September 21, 2026.
NSE shares are expected to begin trading on the BSE on September 24 after years of delays linked to regulatory matters.
The NSE IPO received bids for about 50.40–50.58 crore shares against 8.86 crore shares offered, producing a final subscription of 5.69–5.71 times.
Qualified institutional buyers subscribed 12.68 times, while non-institutional investors subscribed about 6.54–6.55 times.
Retail investors subscribed between 1.35 and 1.39 times, and the employee portion was subscribed about 2.36–2.40 times.
The entirely offer-for-sale issue was valued at approximately ₹22,561–₹22,569 crore, generating demand of roughly ₹90,140–₹90,300 crore.
NSE raised ₹6,746 crore from anchor investors, and its shares are scheduled to list on the BSE on September 24, 2026.
- Who
- The National Stock Exchange of India, its existing shareholders, anchor investors, and IPO applicants.
- What
- NSE’s IPO closed with approximately 5.7 times overall subscription, led by institutional demand.
- When
- Public bidding ran from September 17 through September 21, 2026; allotment was expected on September 22 and listing on September 24.
- Where
- The shares are scheduled to list on the Bombay Stock Exchange in India.
- Why
- Existing shareholders are selling up to 12.64 crore shares, while NSE proceeds with its long-delayed public listing after regulatory hurdles.
Final cumulative exchange figures
Earlier or alternate reported figures
Overall subscription
Final cumulative exchange figures
Final reports put subscription at 5.69–5.71 times, with bids for roughly 50.40–50.58 crore shares.
Earlier or alternate reported figures
An interim final-day update recorded 3.92 times subscription by 2:35 p.m., before bidding had closed.
Retail demand
Final cumulative exchange figures
Final reports placed retail subscription between 1.35 and 1.39 times, indicating that the category was fully subscribed.
Earlier or alternate reported figures
The afternoon data showed retail subscription at 1.13 times, reflecting demand before the close.
Issue valuation
Final cumulative exchange figures
Some reports cited an issue size of ₹22,568.94 crore or approximately ₹22,569 crore.
Earlier or alternate reported figures
Another report described the issue as ₹22,561 crore; the reports also said the offering had been reduced from an earlier estimate of about ₹30,000 crore.
- Final subscription
- Reported at 5.69, 5.71, or approximately 5.7 times, depending on the exchange data cited.
- Shares offered
- Up to 12.64 crore, or approximately 8.86 crore shares in the public allocation.
- Total demand
- Reports cited bids for approximately 50.40–50.58 crore shares, worth about ₹90,140–₹90,300 crore.
- Issue size
- Approximately ₹22,561–₹22,569 crore at the upper price-band end.
- Price band
- ₹1,700–₹1,785 per equity share; the minimum eight-share lot cost ₹14,280 at the upper end.
- Category demand
- QIBs subscribed 12.68 times, NIIs about 6.54–6.55 times, retail investors about 1.35–1.39 times, and employees about 2.36–2.40 times.
- Anchor investment
- ₹6,746 crore, raised from 189 anchor investors at ₹1,785 per share.
- Expected listing
- September 24, 2026, on the BSE.
Sources
NSE IPO Sees Final-Day Rush, ₹22,569-Crore Issue Subscribed Nearly Four Times
NSE IPO sees strong demand, subscribed 5.7 times ahead of BSE listing
NSE IPO subscribed 5.71 times as institutional demand surges
NSE IPO subscribed nearly 6 times; attracts nearly Rs 90,300 crore of demand
NSE IPO ends with 5.7x subscription