Archive · 21 Sep 2026
NSE IPO Ends 5.71x Subscribed as Institutional Bidding Leads
The NSE IPO is a way for investors to buy shares being sold by existing shareholders.
The offer received much more demand than the number of shares available.
Overall, investors bid for the issue 5.71 times over.
Large institutional investors showed the strongest interest, bidding 12.68 times the shares reserved for them.
Non-institutional investors bid 6.55 times their allocation.
Retail investors subscribed 1.39 times their portion.
The IPO opened on September 18 and closed on September 21.
NSE is expected to list on BSE on September 24, although the grey market estimate is unofficial.
The Rs 22,562 crore NSE IPO was subscribed 5.71 times overall.
Qualified institutional buyers led demand with 12.68 times subscription.
Non-institutional investors subscribed 6.55 times, while retail investors subscribed 1.39 times.
The issue attracted 38.41 lakh applications and bids for 50.58 crore shares.
The IPO opened on September 18, closed on September 21, and is expected to list on BSE on September 24.
- Who
- The National Stock Exchange of India and investors across institutional, non-institutional, retail, and employee categories.
- What
- A Rs 22,561.57 crore offer-for-sale IPO that was subscribed 5.71 times.
- When
- Bidding ran from September 18 through September 21; allotment was expected by September 22, with listing expected on September 24.
- Where
- The shares are expected to list on BSE.
- Why
- Existing investors offered 12.64 crore shares for sale, while investors submitted bids to participate in the issue.
- Overall subscription
- 5.71 times
- Issue size
- Rs 22,561.57 crore, described as Rs 22,562 crore
- QIB subscription
- 12.68 times
- NII subscription
- 6.55 times
- Retail subscription
- 1.39 times
- Price band
- Rs 1,700 to Rs 1,785 per share
- Expected listing
- BSE on September 24
- Grey market premium
- Rs 58, indicating an unofficial estimated listing price of Rs 1,843