ListedMainboard

National Stock Exchange of India Limited

NSE17 Sept 2026 – 21 Sept 2026
Issue price
—
Issue size
—
Lot size
8 sh
₹14,280 a lot
Listed on
—
Notes

National Stock Exchange of India Limited was a mainboard initial public offer.

The book was open from 17 September 2026 to 21 September 2026.

The price band was ₹1,700 to ₹1,785 a share, and the minimum lot is 8 shares — ₹14,280 at the top of the band.

As of the exchange's 21-Sep-2026 19:00:00 update the book was subscribed 5.71 times the shares on offer, counting bids on NSE and BSE together.

Against their reserved portions: qualified institutional buyers 12.68 times, non-institutional investors 6.55 times, retail investors 1.39 times and employees 2.40 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.

5.45 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.

How it has done since listing

This issue has no ISIN on file, so its listed price history cannot be matched.

The offer
Price band
₹1,700 – ₹1,785
face value ₹1
Lot size
8 sh
₹14,280 a lot
Registrar
MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Lead manager
  • Kotak Mahindra Capital Company Limited
What happens when
5-day book
  1. Bidding opens17 Sept 2026
  2. Bidding closes21 Sept 2026
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listingnot published
How the bidding is going
as of 21-Sep-2026 19:00:00
5.71x
NSE + BSE combined
50.58 cr bid against 8.86 cr offered
captured 22 Sept 2026, 7:00 pm IST

Investors have bid for 5.71 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.

Institutional buyers (QIB)28% of the offer reserved12.68x
31,97,15,504 bid · 2,52,07,867 offered
Non-institutional (HNI)21% of the offer reserved6.55x
12,37,51,624 bid · 1,89,00,483 offered
Retail50% of the offer reserved1.39x
6,13,05,464 bid · 4,41,01,125 offered
Employees0% of the offer reserved2.40x
10,38,792 bid · 4,33,436 offered
NSE bids only — a different figure3.80x

Bids placed on NSE alone, excluding BSE. It is smaller than the 5.71x headline above and the two must never be compared or added together.

Where in the price band the bids sit
as of 21 Sept 2026, 7:00 pm IST

Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.

₹1,700
₹1,701
₹1,702
₹1,703
₹1,704
₹1,705
₹1,706
₹1,707
₹1,708
₹1,709
₹1,710
₹1,711
₹1,712
₹1,713
₹1,714
₹1,715
₹1,716
₹1,717
₹1,718
₹1,719
₹1,720
₹1,721
₹1,722
₹1,723
₹1,724
₹1,725
₹1,726
₹1,727
₹1,728
₹1,729
₹1,730
₹1,731
₹1,732
₹1,733
₹1,734
₹1,735
₹1,736
₹1,737
₹1,738
₹1,739
₹1,740
₹1,741
₹1,742
₹1,743
₹1,744
₹1,745
₹1,746
₹1,747
₹1,748
₹1,749
₹1,750
₹1,751
₹1,752
₹1,753
₹1,754
₹1,755
₹1,756
₹1,757
₹1,758
₹1,759
₹1,760
₹1,761
₹1,762
₹1,763
₹1,764
₹1,765
₹1,766
₹1,767
₹1,768
₹1,769
₹1,770
₹1,771
₹1,772
₹1,773
₹1,774
₹1,775
₹1,776
₹1,777
₹1,778
₹1,779
₹1,780
₹1,781
₹1,782
₹1,783
₹1,784
₹1,785

The columns are near-identical because they are: demand falls only 0.18% between ₹1,700 and ₹1,785, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.

Bid at cut-off (no price named)
5.45 cr

These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.

Drop from ₹1,700 to ₹1,785
0.18%

How much of the demand falls away between the bottom and the top of the band.

Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.

Anchor investors

We have not extracted an anchor allotment list for this issue.

When locked shares come free

This issue has no listing date on file, so the ICDR schedule cannot be computed for it.

How the price was set
as printed in the red herring prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
—
The issuer's chosen peers
—
Earnings the price leans on
—
Earnings per share, by year
YearBasicDilutedWeight
FY2024₹33.56₹33.561
FY2025₹49.24₹49.242
FY2026₹41.62₹41.623

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Peers named by the issuer

The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.

The issuer’s own figures, as it printed them
EPS
₹41.62
NAV per share
₹129.75
Return on net worth
33.21%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Who ran this issue, and what else they have run
past issues only
Lead manager
FirmIssuesTypical listing move
Kotak Mahindra Capital Company
2021 – 2026
67
18 measurable
+18.6%
Registrar
FirmIssuesTypical listing move
Mufg Intime India Private Limited
2025 – 2026
90
29 measurable
+13.2%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Read the offer documents
3 filed

Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.