NSE IPO Subscription Status Day 2: Issue Subscription Rises to 0.44x as Bidding Enters Second Day
Add Preferred News Source
NSE IPO Subscription Status: The issue entered its second day with subscription rising to 0.44x, as non-institutional and retail bids continued to account for most of the demand.
The National Stock Exchange (NSE) IPO entered its second day of bidding on Friday, with the issue receiving bids for 0.44 times the shares on offer. The public issue had ended Day 1 with 43% subscription.
The ₹22,568.94-crore IPO received bids for 3,89,30,632 shares against 8,86,42,912 shares available, according to subscription data. The NII portion was subscribed 0.73x, while retail investors bid for 0.45x of the shares reserved for the category. The QIB portion stood at 0.19x.
The IPO opened on September 17 and will remain open for subscription until September 21. The issue is entirely an offer for sale (OFS) of 12.64 crore shares by existing shareholders.
NSE IPO Subscription Status Day 2
The issue carried forward the demand seen on the opening day, although institutional participation remained below the portion reserved for QIBs. Retail and NII investors accounted for the larger share of the bids received so far.
Day 2 | 0.19x | 0.45x | 0.73x | 1.00x | 0.44x |
NSE IPO Subscription Status
The cumulative subscription remains below full booking after the first two days of bidding. The NII segment has recorded the highest subscription among the main investor categories, while the employee portion has reached full subscription.
Day 1 | 0.19x | 0.44x | 0.72x | 0.98x | 0.43x |
Day 2 | 0.19x | 0.45x | 0.73x | 1.00x | 0.44x |
NSE IPO Bidding Details
Investors had bid for nearly 3.89 crore shares against 8.86 crore shares on offer. The IPO does not involve any fresh issue, with the proceeds going to existing shareholders selling their holdings.
QIB | 2,52,07,868 | 47,28,464 |
NII | 1,89,00,482 | 1,37,37,136 |
Retail | 4,41,01,125 | 2,00,30,072 |
Employee | 4,33,437 | 4,34,960 |
Total | 8,86,42,912 | 3,89,30,632 |
NSE IPO Subscription Rate
The NII category continues to record the highest subscription among the main investor groups. Retail demand has remained below half of the reserved portion, while QIB participation is yet to reach 1x.
QIB | 0.19x |
NII | 0.73x |
Retail | 0.45x |
Employee | 1.00x |
Total | 0.44x |
The NSE IPO will remain open for bidding through September 21, leaving investors with another trading session on Friday and the final bidding day on Monday. The focus will now remain on whether institutional participation increases as the issue moves towards closure.
Also Read - Stock Market Update 18 September 2026: Sensex Gains Over 200 Pts; Nifty 50 Above 23,350
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
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
Right Tools, Rich Insights
