NSE IPO Set To Open On 17 September With ₹1,700-1,785 Price Band
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NSE has fixed the price band for its IPO at ₹1,700-1,785 per share, with bidding scheduled from 17 to 21 September 2026. The revised OFS has been reduced to 12.64 crore shares, bringing the estimated issue size to ₹21,494-22,567 crore.
The National Stock Exchange (NSE) has announced its price band and bidding schedule for its initial public offering (IPO). The three-day bidding for the NSE IPO will open on 17 September 2026 and close on 21 September 2026. Bidding will remain closed on Saturday and Sunday, 19 and 20 September, as the stock market will observe its regular weekend holidays.
Anchor investors will be able to participate on 16 September 2026 as per the red herring prospectus (RHP).
The proposed allotment date is 22 September 2026, with listing planned on the Bombay Stock Exchange (BSE) on 24 September 2026.
NSE Lot Size And Investor Quotas
The lot size is 8 shares, making ₹14,280 the minimum retail application amount based on the upper price band.
Qualified institutional buyers (QIBs) have been allocated 50% of the net offer. Retail investors have a 35% reservation. Non-institutional investors (NIIs) account for the remaining 15%.
Kotak Mahindra Capital is the book-running lead manager. MUFG Intime India Pvt. Ltd. has been appointed as the registrar.
NSE IPO OFS Falls As Selling Shareholders Cut Offers
The NSE IPO is entirely an offer for sale (OFS) issue and will comprise up to 12.64 crore equity shares by existing shareholders. This is lower than the earlier plan of 14.9 crore shares and has reduced the overall estimated issue size from the initial projection of around ₹30,000 crore.
At the revised price band, the issue is estimated at ₹21,494-22,567 crore. This puts the offering below the ₹27,870 crore Hyundai Motors IPO, which currently holds the record for India's largest public offering.
State Bank of India (SBI) has reduced its proposed OFS to around 1.60 crore shares from 2.47 crore. MS Strategic (Mauritius) has cut its sale offer to 1.10 crore shares from 1.60 crore. Bank of Baroda, Stock Holding Corporation of India and General Insurance Corporation of India have also reduced their proposed share sales.
SBI Capital Markets Limited has been added as a new selling shareholder in the RHP.
Also Read - Vodafone Idea Set To Receive $3.5 Billion Funding From SBI-Led Group
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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