National Stock Exchange of India IPO
National Stock Exchange of India Limited (NSE) · mainboard IPO on NSE and BSE · Book Building. NSE has no listing record for this issue: it may have listed on BSE only, or been withdrawn.
Issue details
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,52,07,867 | 31,97,15,504 | 12.7x | |
| NII (HNI) total | 1,89,00,483 | 12,37,51,624 | 6.55x | |
| Big NII (above ₹10 lakh) | 1,26,00,322 | 9,79,71,576 | 7.78x | |
| Small NII (₹2-10 lakh) | 63,00,161 | 2,57,80,048 | 4.09x | |
| Retail | 4,41,01,125 | 6,13,05,464 | 1.39x | |
| Employees | 4,33,436 | 10,38,792 | 2.40x | |
| Total | 8,86,42,911 | 50,58,11,384 | 5.71x |
Bids on NSE and BSE together, as published by NSE, as of 21 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to National Stock Exchange of India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| HDFC Standard Life Insurance CompanyNov 2017 | 16.6x | 2.29x | 0.94x | 4.90x | ₹8,695 Cr | +6.9% | +27.2% |
| JSW CementAug 2025 | 15.8x | 11.0x | 1.81x | 7.77x | ₹3,807 Cr | +4.4% | +5.3% |
| Brainbees SolutionsAug 2024 | 19.3x | 4.68x | 2.31x | 12.2x | ₹4,194 Cr | +40.0% | +52.2% |
| Leap IndiaAug 2026 | 16.8x | 12.6x | 1.71x | 8.38x | ₹2,611 Cr | +4.3% | +5.0% |
| Honasa ConsumerNov 2023 | 11.5x | 4.02x | 1.35x | 7.61x | ₹1,702 Cr | +1.9% | +5.1% |
| Go Digit General InsuranceMay 2024 | 12.6x | 7.24x | 4.27x | 9.60x | ₹2,615 Cr | +5.2% | +15.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| JM Financial | 109 | +22.8% | 75% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| HSBC Securities and Capital Markets (India) | 15 | +8.3% | 87% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| Anand Rathi Advisors | 11 | +28.5% | 91% |
| Avendus Capital | 9 | +8.6% | 67% |
| Axis Capital | 107 | +20.4% | 73% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
| Equirus Capital Limited (formerly known as Equirus Capital Private Limited) | — | — | — |
| HDFC Bank | 16 | +15.8% | 75% |
| ICICI Securities | 109 | +21.3% | 69% |
| IDBI Capital Markets and Securities | 4 | +52.8% | 75% |
| IIFL Capital Services Limited (formerly known as IIFL Securities Limited) | 11 | +5.7% | 64% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| Pantomath Capital Advisors | 19 | +20.0% | 79% |
| 360 ONE WAM | 3 | +12.8% | 100% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the National Stock Exchange of India IPO price band and lot size? ₹1,700–1,785 per share, with a lot of 8 shares, so the smallest retail bid is ₹14,280.
How many times has it been subscribed? 5.71x overall: QIB 12.7x, NII 6.55x, retail 1.39x, employees 2.40x.
