NSE IPO Day 3: Subscription Status, Timeline & Key Issue Details

The National Stock Exchange of India (NSE) IPO is open for its third and final day of bidding on September 21, 2026. The ₹22,561.57 crore public issue is a 100% Offer for Sale (OFS), with existing shareholders offering their shares to the public.

After the subscription closes, the basis of allotment is expected to be finalised on September 22, 2026. The shares are tentatively scheduled to make their stock market debut 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 3 Subscription Status

[September 21, 2026, 9:12 A.M.]

NSE IPO structure: Offer for Sale

The NSE IPO is entirely an Offer for Sale (OFS), comprising up to 12.64 crore equity shares offered by existing shareholders. The issue does not include any fresh equity issuance, which means NSE itself will not receive any proceeds from the IPO. The entire amount raised will go to the selling shareholders.

Among the major participants in the OFS, the State Bank of India Group is expected to sell around 1.60 crore equity shares. Other selling shareholders include MS Strategic (Mauritius), Canada Pension Plan Investment Board (CPPIB), 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 trading activity and has remained the leading exchange 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 based on the number of cash equity trades and equity derivatives contracts executed.

NSE follows an integrated business model that offers trading, clearing, settlement, listing, market data, and index licensing services across multiple asset classes. As of March 31, 2026, the exchange served 129.09 million unique investors through 253.66 million investor accounts, with 1,325 trading members and 2,978 listed companies. Its total listed market capitalisation stood at ₹411.25 trillion.

Key Financial Highlights 

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