2 hrs ago
NSE IPO Listing Signals Flat Gains as GMP Stays Mild
The National Stock Exchange offered shares to the public through an IPO.
Many investors applied, so the issue was subscribed 5.71 times.
The shares are expected to begin trading on the BSE on September 24.
In unofficial grey-market trading, the shares were priced about ₹40 above the IPO price.
This suggests the shares could list near ₹1,825 instead of ₹1,785.
That would be a small gain of about 2.24%.
However, grey-market prices can change and do not guarantee the actual listing price.
NSE also reported better revenue and profit in the first quarter of fiscal 2027.
The NSE IPO is scheduled to list on the BSE on Thursday, September 24, 2026.
The ₹22,561.57-crore issue received 5.71 times overall subscription between September 17 and 21.
The latest grey market premium was ₹40 per share, implying a potential listing price of about ₹1,825.
Based on the ₹1,785 issue price, the indicated listing gain is approximately 2.24%.
NSE reported stronger Q1 FY27 results, with revenue up 13.1% and net profit reaching ₹3,121 crore.
- Who
- The National Stock Exchange and investors who subscribed to its IPO.
- What
- The NSE IPO is scheduled for listing, with the grey market indicating a potential 2.24% gain.
- Where
- The shares are scheduled to list on the BSE.
- When
- The IPO was open from September 17 to September 21, 2026, and is scheduled to list on September 24, 2026.
- Why
- The IPO raised funds through a public share offering, while market observers used the grey market premium to estimate the potential listing price.
Key facts
- IPO size
- ₹22,561.57 crore
- Subscription
- 5.71 times overall; QIB 12.68 times, NII 6.55 times, and retail 1.39 times
- IPO price
- ₹1,785 per share
- Latest GMP
- ₹40 per share, or 2.24%
- Indicative listing price
- Approximately ₹1,825 per share
- Q1 FY27 revenue
- ₹4,560 crore, up 13.1% year on year
- Q1 FY27 net profit
- ₹3,121 crore, compared with ₹2,811 crore a year earlier








