NSE IPO Day 1: Subscription Status, Timeline & Key Issue Details

The NSE IPO opened for subscription today, September 17, 2026, marking one of the largest public issues in India’s capital markets. The ₹22,561.57 crore book-built issue is entirely an Offer for Sale (OFS), with existing shareholders diluting their stake through the public offering.

The IPO will remain open for bidding until September 21, 2026. The basis of allotment is expected to be finalised on September 22, 2026, and the shares are tentatively scheduled to be listed on the BSE on September 24, 2026.

NSE IPO - Issue Details

• Issue Type: Book Built Issue (OFS only)
• Total Issue Size: Up to ₹22,561.57 crore
• Fresh Issue: Not Applicable
• Offer for Sale (OFS): Up to ₹22,561.57 crore
• Face Value: ₹1 per equity share
• Price Band: ₹1,700 to ₹1,785 per share
• Lot Size: 8 shares
• Minimum Investment Amount (Retail Investor): ₹14,280 (8 shares at the upper price)
• Listing: BSE
• Book Running Lead Managers:  Kotak Mahindra Capital Company Limited,  JM Financial Limited, Morgan Stanley India Company Private Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited, Anand Rathi Advisors Limited, Avendus Capital Private Limited, Axis Capital Limited, DAM Capital Advisors Limited, Equirus Capital Limited (formerly known as Equirus Capital Private Limited), HDFC Bank Limited, ICICI Securities Limited, IDBI Capital Markets & Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, Pantomath Capital Advisors Private Limited, W 360 ONE WAM Limited 
• Registrar to the Issue: MUFG Intime India Private Limited

NSE IPO Timeline 

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

NSE IPO Day 1 Subscription Status

[September 17, 2026, 2:50 P.M.]

NSE IPO Structure: Offer for Sale

The proposed National Stock Exchange (NSE) IPO is to comprise an Offer for Sale (OFS) of up to 12.64 crore equity shares held by existing shareholders, with no fresh issue of equity shares. As the IPO will not include a fresh issue, the National Stock Exchange of India will not receive any proceeds from the offering. The funds raised through the OFS will instead accrue to the shareholders selling their shares.

The State Bank of India Group is among the key shareholders expected to participate in the OFS, with State Bank of India set to offload around 1.60 crore equity shares. Other shareholders expected to sell shares include MS Strategic (Mauritius), Canada Pension Plan Investment Board, Aranda Investments (Mauritius), Bank of Baroda, GIC Re and several public sector insurance companies.

About NSE Limited

The National Stock Exchange of India (NSE) is India's largest stock exchange by market activity and has held a leading position in the cash market, equity derivatives, and exchange-traded currency derivatives by turnover from FY2001 to FY2026. In FY2026, it was also the world's largest multi-asset exchange by the number of cash equity trades and equity derivatives contracts traded.

NSE operates a vertically integrated business model covering trading, clearing, settlement, listing, market data, and licensing services across multiple asset classes. As of March 31, 2026, the exchange had 129.09 million unique investors, 253.66 million investor accounts, 1,325 trading members, and 2,978 listed companies, with a total listed market capitalisation of ₹411.25 trillion.

Key Financial Highlights 

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