NSE IPO 2026: Price Band, Dates, Lot Size, GMP, Allotment & Listing Details

National Stock Exchange of India Ltd. IPO
NSE
National Stock Exchange of India Ltd. IPO
Multi-Asset Exchange Platform · Trading, Clearing & Settlement · Market Data & Index Services
📋 Mainline IPO OFS Only BSE
₹1,785
Upper Price
₹26,580 Cr
Issue Size
Sep 24, 2026
Listing Date
₹4,41,788 Cr
Market Cap
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Thursday, 17 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Monday, 21 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Tuesday, 22 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Wednesday, 23 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Thursday, 24 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date17 September 2026 (Thu)
IPO Close Date21 September 2026 (Mon)
Listing Date24 September 2026 (Thu)
Face Value₹1 per share
Price Band₹1,700 to ₹1,785
Issue Price (Upper Band)₹1,785 per share
Issue TypeBook Build — OFS Only
Lot Size8 shares
Total Issue Size14,89,05,525 shares (₹26,579.64 Cr)
Fresh Issue0 shares (₹0 Cr)
Offer for Sale (OFS)14,89,05,525 shares (₹26,579.64 Cr)
Pre-Issue Shares2,47,50,00,000
Post-Issue Shares2,47,50,00,000
Promoter Holding (Pre)NA
Market Cap (At Offer)₹4,41,787.50 Cr
Listing ExchangeBSE
Lead ManagerKotak Mahindra Capital, Morgan Stanley, HSBC, Citigroup, JP Morgan + 14 others
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹1,785
Investor TypeLotsSharesAmount
Retail — Minimum18₹14,280
Retail — Maximum14112₹1,99,920
S-HNI (sNII) — Min15120₹2,14,200
S-HNI (sNII) — Max70560₹9,99,600
B-HNI (bNII) — Min71568₹10,13,880
⚠️ Note: Investors can bid for a minimum of 8 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
Loading…
📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets87,937.4469,466.6465,463.98
Total Income18,713.3719,176.8316,352.06
PAT10,302.0612,187.698,305.74
EBITDA11,097.9012,646.889,869.81
Net Worth31,869.7230,165.0523,833.10
Reserves & Surplus31,866.0430,105.8323,924.91
Total Borrowing0.000.000.00
Income Growth
FY 2023–24₹16,352.06 Cr
FY 2024–25₹19,176.83 Cr
FY 2025–26₹18,713.37 Cr
🎯 Key Performance Indicators
32.98%
ROE
FY 2025–26
0.00
Debt/Equity
FY 2025–26
42.80%
ROCE
FY 2025–26
50.98%
PAT Margin
FY 2025–26
66.85%
EBITDA Margin
FY 2025–26
33.21%
RoNW
FY 2025–26
13.76x
Price/Book
FY 2025–26
129.75
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹41.62
FY26 earnings + pre-issue shares
P/E: 42.89x
Post-IPO EPS
₹41.62
FY26 earnings + post-issue shares
P/E: 42.89x
Price to Book Value
13.76x
At upper price band ₹1,785
Market Cap
₹4,41,788 Cr
At issue price ₹1,785
ℹ️ Since this is a 100% Offer for Sale, there is no dilution of equity. The Pre-IPO and Post-IPO EPS remain identical at ₹41.62 based on FY26 restated PAT (₹10,302.06 Cr) and the total outstanding equity base of 2,47,50,00,000 shares. At the upper end of the price band (₹1,785), the company commands a market capitalisation of ₹4,41,787.50 Cr.
🎯 Objects of the Issue
Net proceeds utilisation
1
The National Stock Exchange of India Ltd. IPO is a 100% Offer for Sale (OFS). The company will not receive any funding and the entire IPO proceeds will go to the selling shareholders.
₹26,580 Cr
Total Fresh Issue Goal ₹0.00 Cr
🏢 About National Stock Exchange of India Ltd.
Est. 1992 · Mumbai, Maharashtra · Multi-Asset Exchange Platform

National Stock Exchange of India Limited (NSE), incorporated in 1992, is India’s premier stock exchange and stands among the world’s elite multi-asset exchange platforms. The exchange delivers a vertically integrated capital markets ecosystem facilitating trading, clearing, settlement, listing, market data analytics, and rigorous regulatory oversight spanning cash equities, equity derivatives, currency derivatives, commodities, and debt securities.

Commanding absolute domestic leadership in cash market turnover and derivatives trading volume, NSE currently serves over 253 million registered investor accounts and 129 million unique investors. As of March 2026, the exchange hosted 2,978 listed companies achieving a combined listed market capitalization approximating ₹411 trillion, with ₹20.3 trillion dynamically mobilized through its platform in FY26 alone. Supported by a robust workforce of 1,974 direct employees and 907 subsidiary personnel, the exchange relies on a highly resilient, low-latency technology infrastructure optimized to handle high-frequency trading volumes while ensuring seamless financial inclusion across 99% of India’s postal codes.

Brand Ecosystem
💹
Core Trading Platform
Dominant multi-asset engine processing cash equities, derivatives, and commodities
⚖️
Clearing & Settlement
Vertically integrated infrastructure ensuring seamless execution and stringent risk management
📊
Market Data & Indices
Proprietary dissemination of real-time market analytics and robust benchmark index services
📚
Regulatory Oversight
Advanced surveillance mechanics maintaining market integrity and driving investor protection
Competitive Strengths
🏆Undisputed market leader in India across cash market turnover and global equity derivatives volumes
🏗️Unparalleled network effects powered by 253M accounts, 2900+ listed firms, and massive intermediary trust
🚀Highly scalable, resilient, and secure technological backbone optimized for massive high-frequency data loads
💰Exceptional cash-generating business model achieving ₹10,302 Cr in PAT with a pristine debt-free balance sheet
Company Promoters
NP
No Identifiable Promoter
Professionally managed institution
Key Selling Shareholders (OFS)
State Bank of India1,59,69,410 Shares
MS Strategic (Mauritius) Ltd.1,60,00,000 Shares
Canada Pension Plan Investment Board1,18,74,060 Shares
Aranda Investments (Mauritius) Pte.Ltd.1,12,46,336 Shares
Bank of Baroda1,09,86,250 Shares
📅 Key Dates
IPO Opens17 Sep 2026
IPO Closes21 Sep 2026
Allotment22 Sep 2026
Refund & Share Credit23 Sep 2026
Listing Day24 Sep 2026
💡 Quick Summary
Price Band₹1,700 – ₹1,785
Upper Price₹1,785 / share
Lot Size8 shares
Min. Investment (Retail)₹14,280
Issue Size₹26,580 Cr
ListingBSE
🏦 Registrar & Lead Manager
Registrar
MUFG Intime India Pvt.Ltd.
📞 022-49186000
[email protected]
Lead Manager
Kotak Mahindra Capital, Morgan Stanley, HSBC, Citigroup, JP Morgan + 14 others
📍 Registered Address
National Stock Exchange of India Ltd.
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (East),
Mumbai, Maharashtra — 400051
📞 +91 22 2659 8100
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/DRHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the NSE IPO DRHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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