
National Stock Exchange IPO
ListedMainboardOpens 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…
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 the seventh consecutive year. NSE operates a fully integrated platform providing trading, clearing, settlement, listing, market data, and licensing services across a multitude of asset classes, including cash equities, equity derivatives, currency derivatives, commodity derivatives, fixed-income securities, and mutual fund platforms. Supported by its core subsidiaries—such as NSE Clearing Limited (NCL), which provides central counterparty clearing and settlement guarantees, and NSE Data & Analytics—the exchange maintains state-of-the-art electronic order matching, low-latency colocation infrastructure, robust market surveillance, and proprietary benchmark indices including the flagship Nifty 50.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
17 Sept 2026
IPO Closes
21 Sept 2026
Allotment
22 Sept 2026
Listing
24 Sept 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 17 September 2026 |
| IPO Close Date | 21 September 2026 |
| Allotment Date | 22 September 2026 |
| Listing Date | 24 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
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
| Category | Reservation |
|---|---|
| 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% |
| Retail | 35.00% |
| Total | 100.00% |
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).
Financial Performance
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 91,334.07 | 87,937.44 | 69,466.64 | 65,463.98 |
| Revenue (₹ Cr.) | 5,252.17 | 18,713.37 | 19,176.83 | 16,352.06 |
| PAT (₹ Cr.) | 3,120.08 | 10,302.06 | 12,187.69 | 8,305.74 |
| Net Worth (₹ Cr.) | 34,983.74 | 31,869.72 | 30,165.05 | 21,082.9 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| NSE Limited | 13.76 | 42.89 | 33.21% | 31,869.72 |
| BSE Limited | 20.21 | 47.79 | 37.42% | 6,796 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.19x | 1.32x | 12.68x |
| NII | 0.72x | 1.46x | 6.55x |
| S-HNI | 0.94x | 1.68x | 4.09x |
| B-HNI | 0.61x | 1.36x | 7.78x |
| RII | 0.44x | 0.69x | 1.39x |
| EMP | 0.97x | 1.42x | 2.4x |
| Total | 0.43x | 1.04x | 5.71x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 2,52,07,868 | 31,97,15,504 | 57,069.22 |
| NII | 1,89,00,482 | 12,37,43,408 | 22,088.2 |
| Small NII | 63,00,161 | 2,57,71,832 | 4,600.27 |
| Big NII | 1,26,00,321 | 9,79,71,576 | 17,487.93 |
| RII | 4,41,01,125 | 6,15,16,672 | 10,980.73 |
| EMP | 4,33,437 | 10,38,264 | 185.33 |
| Total | 8,86,42,912 | 50,60,13,848 | 90,323.47 |
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
- MUFG Intime India Private Limited
- +91 810 811 4949
- nse.ipo@in.mpms.mufg.com
- https://in.mpms.mufg.com/
Frequently Asked Questions
What does the National Stock Exchange of India Limited (NSE) do?
What are the tentative dates for the NSE IPO?
What is the price band and minimum investment amount?
What is the total issue size of the NSE IPO?
Where will the equity shares of NSE be listed?
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.
National Stock Exchange IPO Details
Issue size, price, financials, and company info
National Stock Exchange IPO GMP
Live grey market premium and listing estimate
National Stock Exchange IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
National Stock Exchange IPO Allotment
Allotment date, chances, and check by PAN
National Stock Exchange IPO Review
SWOT, strengths, risks, and IPO review
National Stock Exchange IPO FAQ
Common questions on dates, GMP, and allotment
National Stock Exchange IPO Registrar
Registrar website and how to check allotment
National Stock Exchange IPO Timeline
Open, close, allotment, and listing dates
National Stock Exchange IPO News
Updates, blogs, and latest IPO 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.