Archive · 22 Sep 2026
NSE IPO Surpasses Hyundai, LIC and Paytm Subscription Records
The National Stock Exchange of India offered shares to the public in an IPO.
Many investors subscribed to it, more than they did for several other very large Indian IPOs.
Only Coal India’s earlier IPO had a higher subscription among the large issues mentioned.
NSE’s IPO was priced between Rs 1,700 and Rs 1,785 per share.
The offer ran from September 17 to September 21.
It was expected to begin trading on BSE on September 24.
NSE’s biggest shareholder, LIC, did not sell shares in the offer.
Analysts said investors were attracted by NSE’s strong market position, technology and potential for India’s capital markets to grow.
The NSE IPO attracted stronger subscription than the Hyundai Motor India, LIC and Paytm issues, according to the article.
By issue size, NSE ranks second after Hyundai Motor India, followed by LIC, Paytm and Tata Capital.
Coal India’s October 2010 IPO remains the only large Indian IPO with higher subscription, at 15.20 times.
The NSE offering ran from September 17 to September 21 and was expected to list on BSE on September 24.
LIC and other large institutional shareholders did not sell shares, making the offer a limited or “token” sale.
- Who
- The National Stock Exchange of India, its shareholders, investors and brokerage analysts.
- What
- The NSE IPO received stronger subscription than several other large Indian IPOs and ranked second by issue size among those compared.
- When
- The IPO ran from September 17 to September 21 and was expected to list on September 24.
- Where
- The IPO was expected to list on BSE; NSE operates across India’s capital markets and also has operations at GIFT City.
- Why
- Investors and analysts cited NSE’s dominant market position, strong technology, profitability and the long-term growth of India’s capital markets.
- IPO price band
- Rs 1,700-Rs 1,785
- Subscription period
- September 17-21
- Expected listing
- September 24 on BSE
- Issue-size ranking
- Second, after Hyundai Motor India
- Higher-subscription benchmark
- Coal India’s IPO attracted 15.20 times subscription
- Coal India issue size
- Rs 15,199.44 crore
- Institutional participation
- LIC and other large institutional shareholders stayed out of the offer