National Stock Exchange of India Limited
National Stock Exchange of India Limited is a mainboard initial public offer.
The book is open from 17 September 2026 to 21 September 2026.
The price band is ₹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 18-Sep-2026 19:00:00 update the book was subscribed 1.16 times, just above the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 1.53 times, non-institutional investors 1.68 times, retail investors 0.72 times and employees 1.53 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
2.92 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
- Registrar
- MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Lead manager
- Kotak Mahindra Capital Company Limited
| Category | Lots | Shares | Amount |
|---|---|---|---|
Retail Individuals bidding up to ₹2 lakh | 1 – 14 | 8 – 112 | ₹14,280 – ₹1,99,920 |
Small NII Non-institutional bids of ₹2 lakh to ₹10 lakh | 15 – 70 | 120 – 560 | ₹2,14,200 – ₹9,99,600 |
Big NII Non-institutional bids above ₹10 lakh | 71+ | 568+ | ₹10,13,880+ |
Bids move in whole lots of 8 shares. The category boundaries are SEBI’s, set by the value of the application — ₹2 lakh divides retail from non-institutional, and ₹10 lakh divides the two non-institutional pools. The lot counts above are those limits converted at ₹1,785, not a figure the exchange publishes.
- Bidding opens17 Sept 2026
- Bidding closes21 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listingnot published
Investors have bid for 1.16 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 1.16x headline above and the two must never be compared or added together.
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.
The columns are near-identical because they are: demand falls only 0.36% 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.
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.
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.
We have not extracted an anchor allotment list for this issue.
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.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2024 | ₹33.56 | ₹33.56 | 1 |
| FY2025 | ₹49.24 | ₹49.24 | 2 |
| FY2026 | ₹41.62 | ₹41.62 | 3 |
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.
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.
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.
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 printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kotak Mahindra Capital Company 2021 – 2026 | 64 15 measurable | +16.6% | 3 of 14 | 1 of 3 | 2 of 4 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Mufg Intime India Private Limited 2025 – 2026 | 77 17 measurable | +18.0% | 1 of 6 | 1 of 1 | 1 of 4 |
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.
- Red herring prospectus (RHP)· ZIP · exchange archiveNO_TABLE
- Anchor investor allotment· ZIP · exchange archiveThis document is a scan with no text layer — readable by eye, not by machine.
- Financial ratios advertisement· ZIP · exchange archive
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.