NSE IPO Subscription Status Day 3: Issue Subscription Rises to 1.46x as Bidding Closes Today

NSE IPO: The National Stock Exchange of India's ₹22,561.57-crore IPO was subscribed 1.25 times by 10:45 AM on the final day of bidding on Monday, September 21, with demand from qualified institutional buyers (QIBs) and non-institutional investors (NIIs) remaining above the shares reserved for them.

The QIB portion was subscribed 1.58 times, while the NII category saw 1.87 times subscription. The employee portion was subscribed 1.66 times, whereas the retail portion was at 0.80 times.

The IPO had received 2.03 times subscription by the end of Day 2, after starting with 0.44 times subscription on September 17. The issue will remain open for bidding until the end of September 21.

The NSE IPO is entirely an offer for sale of 12.64 crore shares by existing shareholders. The price band has been fixed at ₹1,700 to ₹1,785 per share, with a lot size of eight shares.

NSE IPO Subscription Status Day 3

The NSE IPO received 1.25 times subscription by 10:45 AM on September 21. QIB demand stood at 1.58 times the shares reserved for the category, while NII investors bid for 1.87 times their reserved portion.

Employee participation stood at 1.66 times, while the retail portion was yet to reach full subscription at 0.80 times.

NSE IPO Subscription Status

The issue had crossed the overall subscription mark on the second day, with total demand reaching 2.03 times. By 10:45 AM on Day 3, the overall subscription stood at 1.25 times.

QIB subscription increased from 0.19 times on Day 1 to 3.70 times on Day 2 before moderating to 1.58 times on the final day as of the latest update. NII subscription stood at 1.87 times on Day 3, compared with 2.08 times on Day 2.

NSE IPO Bidding Details

The NSE IPO comprises an offer for sale of 12.64 crore shares by existing shareholders. The selling shareholders include State Bank of India, SBI Capital Markets, Canada Pension Plan Investment Board, Aranda Investments (Mauritius), The New India Assurance Company, MS Strategic (Mauritius), Bank of Baroda, General Insurance Corporation of India, Stock Holding Corporation of India and United India Insurance Company.

The IPO carries a price band of ₹1,700 to ₹1,785 per share and a lot size of eight shares. Eligible employees were offered a discount of ₹170 per share.

NSE IPO Subscription Rate

As of 10:45 AM on September 21, the NII category had received 1.87 times subscription, followed by employees at 1.66 times and QIBs at 1.58 times. The retail portion stood at 0.80 times.

The NSE IPO was launched with a price band of ₹1,700 to ₹1,785 per share. Investors could bid for a minimum of eight shares in one lot.

The issue size was reduced after the offer for sale was cut from the earlier proposed 14.9 crore shares to 12.64 crore shares. At ₹1,785 per share, the IPO is valued at around ₹22,561.57 crore.

NSE raised ₹6,746 crore from anchor investors ahead of the public issue. The anchor book included Life Insurance Corporation of India, Goldman Sachs, Fidelity, GIC Singapore, Norges Bank, Abu Dhabi Investment Authority, Eastspring and HSBC Global Asset Management.

LIC invested ₹400 crore in the anchor round, while the broader anchor allocation included several global institutional investors.

NSE Financials

NSE reported revenue of ₹16,601 crore in FY26, compared with ₹17,140 crore in FY25 and ₹14,780 crore in FY24. Net profit stood at ₹10,302.1 crore in FY26, against ₹12,187.6 crore in FY25.

NSE IPO Allotment and Listing

The NSE IPO closes on September 21. The basis of allotment is scheduled to be finalised on September 22, followed by initiation of refunds on September 23. Shares are expected to be credited to successful investors' demat accounts on September 23.

The NSE shares are scheduled to list on September 24.

The NSE IPO was subscribed 1.25 times by 10:45 AM on the final day, after recording 2.03 times subscription on Day 2. QIBs, NIIs and employees had received more demand than the shares reserved for them, while retail subscription stood at 0.80 times.

The IPO remains open for bidding on September 21, with the final subscription figure to be determined after the issue closes.

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