NSE IPO Opens September 17: Price Band, Lot Size

Mumbai | 16 September 2026

The National Stock Exchange of India (NSE) will open its initial public offering (IPO) for public subscription on Thursday, 17 September 2026, at a price band of ₹1,700 to ₹1,785 per share. The issue is entirely an offer for sale (OFS) of 12,64,36,650 shares, aggregating up to ₹22,561.57 crore, with no fresh issue component.

What Is the Price Band and Lot Size for the NSE IPO?

The NSE IPO price band is fixed at ₹1,700 to ₹1,785 per share, with a face value of ₹1 per share. The lot size is 8 shares, so a retail investor applying for one lot needs ₹14,280 at the upper price band.

Retail investors can bid for a minimum of one lot and a maximum of 14 lots (112 shares), requiring ₹1,99,920. Small non-institutional investors can apply for a minimum of 15 lots (120 shares, ₹2,14,200) up to 70 lots, while big non-institutional investors need a minimum of 71 lots (568 shares, ₹10,13,880).

What Is the Current NSE IPO GMP?

The grey market premium (GMP) for the NSE IPO stood at ₹169 as on 16 September 2026. Against the upper price band of ₹1,785, this implies an estimated listing price of ₹1,954, a premium of about 9.47%.

Over the past 13 trading sessions, the GMP has ranged between a low of ₹160 and a high of ₹310.

GMP is an unofficial, informal indicator and does not guarantee the actual listing price or future performance of the stock.

What Is the Issue Structure of the NSE IPO?

The entire issue of 12,64,36,650 shares is an offer for sale, meaning existing shareholders are selling their stake and NSE itself will not receive any fresh capital from the IPO.

Of the net offer, up to 50% is reserved for qualified institutional buyers (QIBs), not less than 35% for retail investors and not less than 15% for non-institutional investors. Pre and post-issue shareholding stands at 2,47,50,00,000 shares, implying a market capitalisation of ₹4,41,787.50 crore at the upper price band.

Kotak Mahindra Capital Co. Ltd is the lead manager to the issue, and MUFG Intime India Pvt. Ltd is the registrar. The shares will list on BSE.

When Is the Anchor Investor Bidding Date for the NSE IPO?

Anchor investor bidding for the NSE IPO is scheduled for Wednesday, 16 September 2026, a day ahead of the public issue opening. Anchor investors are institutional investors who commit to buying shares at a fixed price before an IPO opens to the public, a step that often signals early institutional demand for an issue.

What Are the Important Dates for the NSE IPO?

The table below lists the tentative schedule for the NSE IPO, from anchor bidding through to listing.

About National Stock Exchange of India (NSE)

Incorporated in 1992, NSE is India’s largest stock exchange and one of the world’s leading multi-asset exchange platforms. It operates a vertically integrated ecosystem spanning trading, clearing, settlement, listing, market data, index services and regulatory oversight across equities, derivatives, currency derivatives, commodities, debt securities and mutual funds.

NSE has consistently led the Indian market in cash market turnover, equity derivatives trading and currency derivatives trading. As of 30 June 2026, the exchange served over 261.36 million registered investor accounts and 129 million unique investors, through 1,328 trading members and 3,005 listed companies, with a total listed market capitalisation of approximately ₹474.08 trillion.

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