National Stock Exchange of India IPO Allotment Today as Grey Market Premium Holds Near 4%

The National Stock Exchange of India (NSE) is finalising the basis of allotment for its highly anticipated public issue on Tuesday, September 22. The ₹22,569 crore initial public offering (IPO), which closed for bidding on September 21, saw solid investor participation, drawing total bids worth more than ₹90,000 crore and achieving an overall subscription of 5.71 times.

Investors who bid for the issue during the offer window can verify their allotment status through the BSE portal, the NSE bid verification system, or the website of the registrar to the offer, MUFG Intime India.

Modest Grey Market Premium

According to market observers, unlisted shares of the National Stock Exchange are currently commanding a grey market premium (GMP) of approximately ₹65 per share over the upper price band of ₹1,785. This translates to a premium of roughly 3.6% to 4%, indicating an estimated listing price of about ₹1,850 per share.

The grey market premium has cooled significantly from previous highs of over ₹280 seen after market regulator Securities and Exchange Board of India (SEBI) granted clearance for the public issue, reflecting a realistic recalibration of valuations given the massive scale of the offer.

Step-by-Step Guide to Check Allotment Status

How to Check on the Registrar's Portal (MUFG Intime India):

• Visit the official IPO allotment status page of MUFG Intime India.
• Select "National Stock Exchange of India Limited" from the dropdown list of active issues.
• Choose your verification mode: PAN, Application Number, or Demat Account/DP Client ID.
• Enter the corresponding details and solve the captcha verification.
• Click on "Submit" to see your share allocation status.

How to Check on the BSE Website:

• Navigate to the BSE investor portal and access the "Status of Issue Application" page.
• Select "Equity" under the Issue Type category.
• In the Issue Name menu, select "National Stock Exchange of India Limited".
• Provide your application number and Permanent Account Number (PAN).
• Complete the reCAPTCHA verification and click "Search".

How to Check via NSE:

• Access the NSE IPO Bid/Allotment Verification section.
• Select "Equity & SME IPO bid details".
• Choose the symbol "NSE" from the list.
• Input your PAN and application details, then submit to view your bid outcome.

Timeline and Listing Details

The issue was priced in the band of ₹1,700 to ₹1,785 per equity share (face value Re 1) with a minimum lot size of 8 shares. For applicants who do not receive shares or receive only partial allotment, banks will unblock application funds and initiate refunds on Wednesday, September 23.

Equity shares will be credited to the Demat accounts of successful bidders ahead of trading. Since Indian exchange regulations prohibit a stock exchange from self-listing on its own trading platform, the National Stock Exchange of India will list exclusively on the BSE on Thursday, September 24, 2026.

Tags: National Stock Exchange BSE Capital Markets Initial Public Offering MUFG Intime India SEBI