Archive · 11 Sep 2026
NSE Cuts IPO Offer as Long-Awaited Listing Nears
The National Stock Exchange of India plans to sell some existing shares to the public.
This sale is called an IPO.
People are expected to place orders from September 17 to September 21.
Large investors may bid one day earlier, on September 16.
Existing shareholders will sell fewer shares than they originally planned.
The expected price is about ₹1,700 to ₹1,800 per share.
The shares may begin trading around September 24.
The money raised will go to the selling shareholders, while the exchange will not receive it.
The National Stock Exchange of India will open its IPO for subscription on September 17 and close it on September 21.
Anchor-investor bidding is scheduled for September 16, with listing tentatively planned around September 24.
Existing shareholders will offer up to 126.4 million shares, down from 148.91 million planned earlier.
The indicative price range is approximately ₹1,700–₹1,785, though another report places the expected upper end at ₹1,800 and says formal confirmation is pending.
The entirely secondary share sale is estimated to raise ₹21,494–₹22,567 crore for selling shareholders, not the exchange.
- Who
- The National Stock Exchange of India and its existing shareholders, including State Bank of India and the Canada Pension Plan Investment Board.
- What
- An IPO consisting entirely of an offer for sale of up to 126.4 million existing shares.
- When
- Subscription is scheduled for September 17–21, anchor bidding for September 16, and tentative listing around September 24.
- Where
- India.
- Why
- Existing shareholders are selling shares, while Securities and Exchange Board of India clearance allows the exchange to revive listing plans delayed by nearly a decade amid regulatory hurdles, including the co-location controversy.
- Subscription period
- September 17–21
- Anchor-investor bidding
- September 16
- Shares offered
- Up to 126.4 million, or 12.64 crore
- Previously planned shares
- 148.91 million, or about 14.9 crore
- Indicative price range
- Approximately ₹1,700–₹1,785; another report cites an expected range of about ₹1,700–₹1,800
- Estimated issue size
- ₹21,494–₹22,567 crore
- Tentative listing
- Around September 24
- Sale structure
- Entirely an offer for sale; proceeds go to selling shareholders
