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NSE IPO Allotment Today After Strong Investor Demand
The National Stock Exchange of India offered some of its existing shares to the public.
The IPO received much more demand than the number of shares available.
One report says the issue was subscribed 5.71 times, while another provides lower figures in a category table.
The allotment process is scheduled to be completed on 22 September 2026.
Investors can check whether they received shares using their PAN, application number, or demat details.
Shares are expected to reach successful applicants’ demat accounts on 23 September.
The shares are scheduled to begin trading on 24 September.
The grey-market estimate suggests a possible price near ₹1,850, but this is not a guaranteed listing price.
The ₹22,569 crore NSE IPO allotment is scheduled to be finalised on 22 September 2026.
Exchange data cited in one report showed 5.71-times overall subscription, with bids for 505.81 million shares against 88.6 million offered.
Reported category demand varied between sources, including QIB subscription figures of 12.68 times and 7.73 times, and retail figures of 1.39 times and 1.06 times.
Successful applicants are expected to receive shares in their demat accounts on 23 September, with listing scheduled on the BSE and NSE on 24 September.
The reported grey-market premium has fallen substantially, with an estimated listing price of about ₹1,850 against the ₹1,785 upper issue price.
- Who
- The National Stock Exchange of India and investors who applied for its IPO.
- What
- The ₹22,569 crore IPO is moving through allotment, demat credit, refunds, and stock-market listing.
- Where
- Investors can check status through the NSE, BSE, or MUFG Intime India websites; the shares are scheduled to list on the BSE and NSE.
- When
- Bidding ran from 17 to 21 September 2026; allotment is scheduled for 22 September, share credit and refunds for 23 September, and listing for 24 September.
- Why
- The IPO is an offer for sale of existing shares intended to facilitate the sale by shareholders and enable NSE’s equity listing.
Cautious Interpretation
Positive Demand Interpretation
Subscription figures
Cautious Interpretation
A separate category table reports total subscription of 3.80 times, with QIBs at 7.73 times and retail investors at 1.06 times.
Positive Demand Interpretation
Exchange data cited in another report states that the issue was subscribed 5.71 times, with QIBs at 12.68 times, NIIs at 6.55 times, and retail investors at 1.39 times.
Grey-market outlook
Cautious Interpretation
The grey-market premium reportedly fell from ₹285 after approval and ₹155 when bidding began to approximately ₹48–₹65, indicating weakening market sentiment.
Positive Demand Interpretation
Even after the decline, the reported premium implies an estimated listing price of about ₹1,850, roughly 3.64% above the ₹1,785 upper issue price.
Potential allotment
Cautious Interpretation
Because demand exceeded available shares, many applicants may receive no shares, and the final result depends on the approved basis of allotment.
Positive Demand Interpretation
The reported tentative matrix suggests some high-net-worth applicants could receive 120 shares, while retail applicants who bid for more shares could potentially receive additional shares.
Key facts
- Issue size
- ₹22,569 crore
- Price band
- ₹1,700–₹1,785 per equity share
- Overall subscription
- Reported as 5.71 times in exchange data cited by one article; another article’s table reports 3.80 times
- Shares offered
- 88.6 million shares in the reported subscription data; the revised issue comprises 12.644 crore shares
- Lot size
- 8 equity shares
- Allotment date
- 22 September 2026
- Expected share credit and refunds
- 23 September 2026
- Scheduled listing
- 24 September 2026 on the BSE and NSE
Sources
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