NSE

National Stock Exchange IPO

Listed

MainboardOpens 17 September 2026Closes 21 September 2026

Incorporated in November 1992, the National Stock Exchange of India Limited (NSE) is India's premier market infrastructure institution (MII) and the world's largest derivatives exchange by contract trading volume for…

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Price band
₹1,700 - ₹1,785
Issue size
₹22,561.60 Cr
Lot size
8 shares
Type
Mainboard
GMP
₹40 (+2.2%)
Est. listing
₹1,825
Est. profit / app
₹320
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹1
EPS
41.62
P/E ratio
42.89
RoNW
33.21%
ROE
32.98%
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Timeline

  1. IPO Opens

    17 Sept 2026

  2. IPO Closes

    21 Sept 2026

  3. Allotment

    22 Sept 2026

  4. Listing

    24 Sept 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date17 September 2026
IPO Close Date21 September 2026
Allotment Date22 September 2026
Listing Date24 September 2026

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,280
Retail (Max)Just less than ₹2,00,000
14₹1,99,920
SHNI (Min)Just above ₹2,00,000
15₹2,14,200
SHNI (Max)Below ₹10,00,000
70₹9,99,600
BHNIAbove ₹10,00,000
71₹10,13,880

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • Achieve the benefits of listing the Equity Shares on the designated Stock Exchange (BSE).
  • Carry out the Offer for Sale of up to 126,436,650 Equity Shares by the Selling Shareholders.
  • Enhance brand visibility and provide liquidity to existing shareholders (the Company will not receive any proceeds from the Offer for Sale).

Strengths

  • Uncontested leadership position as India's premier stock exchange and the world's largest derivatives exchange by volume for the seventh consecutive year.
  • Highly diversified and integrated business model encompassing cash trading, derivatives, clearing & settlement via NCL, index licensing, and data feed services.
  • Industry-leading operational efficiency and robust cash generation, delivering an exceptional Return on Equity of 32.98% and PAT margin of 50.98% in FY26.
  • World-class, resilient technological infrastructure with scalable matching engines, colocation capabilities, and 24x7 cyber defence monitoring.

Weaknesses

  • Substantial revenue dependence on transaction charges (78.65% of FY26 revenue from operations), making financial performance highly sensitive to market volatility and trading turnover.
  • Vulnerability to regulatory changes by SEBI, such as recent mandates regarding derivatives contract sizes, expiry rationalization, and increased Securities Transaction Tax (STT).
  • Operational and technological risks, where system outages, connectivity failures, or data security incidents could lead to regulatory financial disincentives, penalties, and reputational harm.
  • Ongoing regulatory inspections, enforcement actions, and pending legal proceedings with statutory authorities regarding past operations (such as the colocation and dark fibre matters).
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Financial Performance

Period Ended30 Jun 202631 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)91,334.0787,937.4469,466.6465,463.98
Revenue (₹ Cr.)5,252.1718,713.3719,176.8316,352.06
PAT (₹ Cr.)3,120.0810,302.0612,187.698,305.74
Net Worth (₹ Cr.)34,983.7431,869.7230,165.0521,082.9

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
NSE Limited13.7642.8933.21%31,869.72
BSE Limited20.2147.7937.42%6,796

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.19x1.32x12.68x
NII0.72x1.46x6.55x
S-HNI0.94x1.68x4.09x
B-HNI0.61x1.36x7.78x
RII0.44x0.69x1.39x
EMP0.97x1.42x2.4x
Total0.43x1.04x5.71x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB2,52,07,86831,97,15,50457,069.22
NII1,89,00,48212,37,43,40822,088.2
Small NII63,00,1612,57,71,8324,600.27
Big NII1,26,00,3219,79,71,57617,487.93
RII4,41,01,1256,15,16,67210,980.73
EMP4,33,43710,38,264185.33
Total8,86,42,91250,60,13,84890,323.47
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Company Details

  • National Stock Exchange of India Limited
  • Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
  • +91 22 2659 8100
  • nse_ipo@nse.co.in
  • https://www.nseindia.com

Registrar Details

Frequently Asked Questions

What does the National Stock Exchange of India Limited (NSE) do?
NSE is India's largest market infrastructure institution, offering an automated, nationwide platform for trading, clearing, and settlement of equity shares, futures, options, exchange-traded funds, fixed-income securities, currency derivatives, and commodity products.
What are the tentative dates for the NSE IPO?
The NSE IPO is scheduled to open for subscription on September 17, 2026, and close on September 21, 2026, with anchor bidding opening one working day prior on September 16, 2026.
What is the price band and minimum investment amount?
The indicative price band is ₹1,700.00 to ₹1,785.00 per share. Retail investors can apply for a minimum lot of 8 equity shares, amounting to an investment of ₹14,280 at the upper price band.
What is the total issue size of the NSE IPO?
The IPO consists of a 100% Offer for Sale (OFS) of 126,436,650 equity shares by existing selling shareholders (including SBI, CPPIB, Aranda Investments, MS Strategic, etc.), aggregating to approximately ₹22,568.94 Crore at the upper cap price (with no fresh capital raised by the exchange).
Where will the equity shares of NSE be listed?
In accordance with SEBI regulations governing stock exchanges (prohibiting self-listing), the equity shares of NSE will be listed exclusively on BSE Limited.

National Stock Exchange IPO News & Updates

Follow the latest updates for National Stock Exchange IPO, including grey market moves and allotment news.

National Stock Exchange IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Sources

We match National Stock Exchange IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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