The National Stock Exchange of India (NSE) has officially set the offer price for its recently concluded initial public offering (IPO) at ₹1,785 per share. This announcement comes as investors await the share allotment, which is expected to take place today, September 22, 2026.
IPO Subscription Details and Investor Response
The three-day bidding period for the NSE IPO, which ran from September 17 to September 21, saw a robust response from investors, resulting in an overall subscription of 5.71 times. The IPO successfully raised ₹22,562 crore and attracted more than 38.4 lakh applications, with total bids exceeding ₹90,300 crore.
Subscription demand was particularly strong from Qualified Institutional Buyers (QIBs), whose reserved portion was subscribed 12.68 times. Non-Institutional Investors (NII) subscribed 6.55 times, while the retail portion saw a subscription rate of 1.39 times. The employee quota was subscribed 2.40 times.
Grey Market Premium and Listing Outlook
Following the healthy subscription figures, the grey market premium (GMP) for the NSE IPO has shown a modest recovery. Unofficial market indicators suggested a GMP of around ₹55-60 per share, potentially indicating a listing gain of approximately 3-4 percent over the upper end of the IPO price band. However, it is important to note that grey market premiums are speculative and can fluctuate significantly before official listing.
Allotment and Listing Information
Investors who participated in the IPO can expect the share allotment process to be finalized today, September 22, 2026. For those not allocated shares, the refund process is anticipated to commence by Wednesday, September 23. The equity shares of the NSE are scheduled for listing on the BSE on Thursday, September 24, 2026.
The IPO was managed by a consortium of 20 book-running lead managers, with MUFG Intime India serving as the registrar to the issue.