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NSE IPO Draws 20.4 Lakh Applications, Brokers Recommend Subscription
The National Stock Exchange of India is selling shares to the public in an IPO.
By the second day, investors had applied for more shares than were available in the offer.
Many brokerage firms advised investors to subscribe because they viewed NSE as a strong and profitable exchange.
They highlighted its large share of stock and futures trading, technology and strong cash generation.
Institutional and wealthy investors applied strongly, but retail investors had applied for only 78 percent of their reserved portion at that point.
NSE also set aside shares for its employees at a discount.
Before the public offering, 189 large investors bought shares worth Rs 6,746.18 crore.
The shares are expected to be listed on BSE Ltd on September 24.
The NSE IPO was subscribed 1.22 times by the end of its second subscription day, attracting nearly 20.4 lakh applications.
Fifteen listed brokerage firms recommended subscribing to the issue, citing NSE’s market dominance, liquidity, technology and growth potential.
Non-institutional investors subscribed 1.83 times, qualified institutional bidders 1.54 times and employees 1.63 times, while retail subscription reached 78 percent.
NSE reserved Rs 70 crore of shares for eligible employees, who were offered a discount of Rs 170 per share.
The company raised Rs 6,746.18 crore from 189 anchor investors and is scheduled to list on BSE Ltd on Thursday, September 24.
- Who
- The National Stock Exchange of India, brokerage firms, institutional investors, retail investors and eligible employees.
- What
- NSE’s IPO attracted nearly 20.4 lakh applications and was subscribed 1.22 times by the end of the second day.
- Where
- The shares are scheduled to list on BSE Ltd.
- When
- The IPO closes on the reported day; allotment is scheduled for Tuesday, September 22, and listing for Thursday, September 24.
- Why
- Brokerages recommended the IPO because of NSE’s market share, liquidity, technology infrastructure, profitability, cash generation and potential to expand into additional businesses.
Key facts
- IPO subscription
- 1.22 times overall by the end of the second day
- Applications
- Nearly 20.4 lakh
- Employee reservation
- Shares worth Rs 70 crore, with a Rs 170-per-share discount
- Investor allocation
- 50% QIBs, 35% retail investors and 15% non-institutional investors
- Anchor investors
- Rs 6,746.18 crore raised from 189 investors
- Reported Q1FY27 results
- Total income of Rs 5,252.17 crore and net profit of Rs 3,120.08 crore for the quarter ended June 30, 2026
- Scheduled listing
- BSE Ltd on Thursday, September 24
Sources
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