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NSE IPO: Big Returns Uncertain Despite Mega Size

NSE IPO: Big Returns Uncertain Despite Mega Size
Amid mega NSE IPO, big question remains — Do big IPOs guarantee big returns? Performance of past heavy-sized IPOs · livemint.com

The National Stock Exchange (NSE) of India is launching its IPO on 17 September 2026.

The price band is set between ₹1700 and ₹1785 per share, making it the second-largest IPO in India after Hyundai Motor India.

The big question is whether large IPOs guarantee big returns.

Looking at past large IPOs like LIC, Paytm, Tata Technologies, and Hyundai Motor India, the performance has been mixed.

LIC and Paytm are trading below their IPO prices, while Tata Technologies and Hyundai Motor India have seen some gains.

The NSE IPO is expected to deliver around 10% listing gain based on current unlisted market prices.

Key facts

IPO Date
17 September 2026
Price Band
₹1700 to ₹1785 per share
IPO Size
Second-largest in India
LIC IPO Performance
Currently trading at a loss
Paytm IPO Performance
Trading below upper price band
Tata Technologies IPO Performance
Trading above upper price band
Hyundai Motor India IPO Performance
52-week high of ₹2,890
NSE Unlisted Market Price
₹1,950 (10% above upper band)

Quotes

Arun Kejriwal

Founder of Kejriwal Research and Investment Services

“The NSE has no promoter; this means the number of NSE shares available for trade after the share listing would be equal to the OFS size, which is 12,64,36,650 shares. So, the NSE shares may have limited upside or downside post-listing. However, the movement of NSE shares would depend heavily on various economic indicators, such as India's GDP and quarterly earnings. In the unlisted market, the NSE share price today is ₹1,950, which is around 10% above the upper price band of ₹1785. So, NSE IPOis”
livemint.com

Sources

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