NSE IPO
NSE is a MAINBOARD IPO with a current status of OPEN. The price band is 1700 - 1785. The issue opens on 17 SEP and closes on 21 SEP. The listing date is 24 SEP.
Price Band
1700 - 1785
Unofficial GMP
₹208
Lot Size
8 shares
Minimum Investment
₹₹14,280
NSE IPO GMP
The latest available GMP is ₹208. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹1993.00
Estimated Gain
+11.7%
NSE IPO GMP History
162
16 SEP
160
15 SEP
208
14 SEP
NSE IPO Details
- IPO Type
- MAINBOARD
- Status
- OPEN
- Price Band
- 1700 - 1785
- Issue Size
- 22,568.94 CR
- Issue Type
- Book Build Issue
- Offer for Sale
- ₹22561.57 Cr
- Face Value
- 1
- Lot Size
- 8
- Minimum Investment
- ₹14,280
- Exchange
- BSE
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead Managers
- MUFG Intime India Pvt.Ltd.
NSE IPO Dates
- Open Date
- 17 SEP
- Close Date
- 21 SEP
- Allotment Date
- 22 SEP
- Refund Date
- 23 SEP
- Demat Credit Date
- 23 SEP
- Listing Date
- 24 SEP
NSE IPO Financials
Revenue
FY2026
₹16,601.31 Cr
+9600.43% vs FY2025
PAT
FY2026
₹10,302.06 Cr
-15.47% vs FY2025
Total Assets
FY2026
₹87,937.44 Cr
+26.59% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 14,780.01 | 171.140.68 | 16,601.31 |
| Net Profit | 8,305.74 | 12,187.69 | 10,302.06 |
| Total Assets | 65,463.98 | 69,466.64 | 87,937.44 |
NSE IPO Valuation
- Market Cap (Post IPO)
- ₹441787.50 Cr
- ROE
- 9.26%
- ROCE
- 11.55%
- Valuation
- FAIR
NSE Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| BSE | 4,833.95 CR | 2,753 CR | 60.61 | 66.67X | 45% | 45.00% | NEGLIIBLE |
NSE IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 8 | ₹14,280 |
| Retail Maximum | 14 | 112 | ₹1,99,920 |
| Small HNI | 15 | 120 | ₹2,14,200 |
| Big HNI | 71 | 568 | ₹10,13,880 |
NSE IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 35%
NSE Company Overview
National Stock Exchange of India Limited is one of India's principal stock exchanges. It commenced operations in 1994 and pioneered electronic/screen-based trading in India. Its technology infrastructure facilitates trading and investment across multiple asset classes and forms an important part of India's capital-market ecosystem.
NSE Business Model
NSE operates exchange and related market-infrastructure businesses covering equities, equity derivatives, currency derivatives, debt and other market segments. Its broader ecosystem includes clearing, settlement, index, data and technology-related activities through NSE and its subsidiaries. A significant part of its economics is linked to transaction activity, making trading volumes and regulatory frameworks important drivers of performance.
NSE Objects of the Issue
This IPO is an Offer for Sale (OFS) by existing selling shareholders. Therefore, NSE will not receive any proceeds from the Offer; the proceeds, after applicable offer-related expenses/taxes as specified in the RHP, accrue to the selling shareholders. The IPO primarily enables the sale of existing shares and NSE's public listing. The final RHP was filed in September 2026 and is available in NSE's official offer-document repository.
NSE Strengths
NSE has a strong position in India's capital-market infrastructure, particularly in cash equities and equity derivatives. Its scale creates network effects because liquidity can attract participants, which can in turn deepen liquidity. Other strengths include its established brand, nationwide electronic trading infrastructure, diversified market ecosystem, technology capabilities and exposure to the long-term expansion of India's capital markets. NSE states that it was the largest multi-asset-class exchange by number of trades in cash equities and contracts traded in equity derivatives in FY2026.
NSE Risks
Key risks include regulatory and compliance risk, because NSE operates in a heavily regulated market-infrastructure industry; changes in SEBI rules can affect products, trading activity and economics. Revenue and profitability can also be affected by lower market volumes, particularly in derivatives. NSE additionally faces technology and cybersecurity risks because uninterrupted and resilient trading infrastructure is critical to its operations. Competition from other exchanges, litigation/regulatory proceedings, concentration in certain transaction-driven revenue streams and operational failures are other relevant risks for investors to consider. NSE's recent disclosures also include regulatory settlement-related announcements, reinforcing the importance of compliance risk.
NSE Frequently Asked Questions
What is the NSE IPO price band?
The NSE IPO price band is 1700 - 1785.
What is the latest NSE IPO GMP?
The latest available NSE IPO GMP in the IPOWEB database is ₹208. GMP is unofficial and does not guarantee a listing gain.
When does the NSE IPO open and close?
The NSE IPO opens on 17 SEP and closes on 21 SEP.
When is the NSE IPO allotment date?
The NSE IPO allotment date is 22 SEP.
When is the NSE IPO listing date?
The NSE IPO listing date is 24 SEP.