IPO-Insights

National Stock Exchange of India Ltd. IPO – Subscription Status, Dates, and How to Apply

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Anshika

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Explore National Stock Exchange of India Ltd. IPO Day 1 subscription details, including investor participation, price band, lot size, IPO dates, and the process to apply through ASBA or UPI.

The National Stock Exchange of India Ltd. IPO opened for subscription on September 17, 2026. The mainboard IPO will remain open for bidding until September 21, 2026. The issue is an Offer for Sale (OFS) by existing shareholders.

The IPO has a price band of ₹1,700 to ₹1,785 per share, with a market lot of 8 shares. The face value of each equity share is ₹1. The total issue size is approximately ₹22,568.94 Crores at the upper end of the price band.

National Stock Exchange of India Ltd. IPO Subscription Status

The National Stock Exchange of India Ltd. IPO received bids across Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), Non-Institutional Investors (NII), and the Employee Reserved category on its opening day.

Day 1 Subscription Status (September 17, 2026)

On the first day of bidding, based on the subscription data shown at around 3:31 PM IST on September 17, 2026, the National Stock Exchange of India Ltd. IPO was subscribed 0.32× overall. The Employee Reserved category recorded the highest subscription among the reported categories at 0.74×, followed by Non-Institutional Investors at 0.46×.

Investor Category Subscription (Times)

Qualified Institutional Buyers (QIB)

0.18×

Retail Individual Investors (RII)

0.34×

Non-Institutional Investors (NII)

0.46×

Employee Reserved

0.74×

Total

0.32×

The Employee Reserved portion was subscribed 0.74×, while Non-Institutional Investors recorded a subscription of 0.46×. Retail Individual Investors stood at 0.34×, while the Qualified Institutional Buyers category was subscribed 0.18×. Overall, the issue stood at 0.32× subscription during the reported period on Day 1.

Subscription figures are based on bids received during the IPO bidding period and may be subject to subsequent updates or reconciliation. The IPO remains open for subscription until September 21, 2026.

National Stock Exchange of India Ltd. IPO Price Band and Lot Size

The price band for the National Stock Exchange of India Ltd. IPO is set between ₹1,700 and ₹1,785 per share. The market lot consists of 8 shares, while the face value is ₹1 per share.

At the upper end of the price band, an application for one lot requires an investment of ₹14,280.

Investor Category Lots Shares Amount (₹)

Retail (Minimum)

1

8

₹14,280

Retail (Maximum)

14

112

₹1,99,920

S-HNI (Min)

15

120

₹2,14,200

B-HNI (Min)

71

568

₹10,13,880

The minimum application value at the upper end of the price band can be calculated as follows:

Minimum application amount = 8 shares × ₹1,785 = ₹14,280

Since the IPO follows the book-building route, investors can place bids within the ₹1,700–₹1,785 price band, subject to applicable bidding and investor-category requirements.

For detailed insights about the company, issue particulars, and the latest updates, visit the National Stock Exchange of India Ltd. IPO page on Bajaj Markets

National Stock Exchange of India Ltd. IPO Dates and Timeline

The IPO opened on September 17 and is scheduled to close on September 21, 2026. The basis of allotment is expected on September 22, followed by refunds and credit of shares on September 23. The proposed listing date is September 24, 2026.

Event Date Details

IPO Open Date

September 17, 2026

Issue opens for subscription

IPO Close Date

September 21, 2026

Final day to submit bids

Basis of Allotment

September 22, 2026

Finalisation of share allotment

Refunds Initiation

September 23, 2026

Refund or fund-unblocking process begins

Credit of Shares to Demat

September 23, 2026

Shares credited to successful applicants

Listing Date

September 24, 2026

Shares proposed to list on the stock exchange

Note: These dates represent procedural milestones based on the available IPO information and are intended for informational purposes only.

How to Apply for National Stock Exchange of India Ltd. IPO

Investors can apply for the National Stock Exchange of India Ltd. IPO using either the ASBA facility through their bank or via UPI on supported broker platforms.

Through ASBA (Net Banking)

This method allows the IPO application amount to remain blocked in the investor’s bank account until the allotment process is completed.

  1. Log in to your internet banking account.

  2. Go to the ‘Investments’ or ‘IPO Application’ section.

  3. Select ‘National Stock Exchange of India Ltd. IPO’ from the available list.

  4. Enter your preferred bid quantity and price within the announced price band.

  5. Confirm and submit your application.

  6. The bid amount will remain blocked in your account until allotment.

  7. Upon allotment, the applicable amount will be debited and the shares will be credited to your Demat account.

Through UPI via Broker Platforms

You can also apply using UPI through your stockbroker’s or financial marketplace’s online platform.

  1. Log in to your trading account or Demat account on your broker’s platform or financial marketplace.

  2. Navigate to the IPO section and select ‘National Stock Exchange of India Ltd. IPO’.

  3. Enter your application details, including the number of lots and bid price.

  4. Provide your UPI ID linked to your bank account.

  5. Approve the UPI mandate request on your supported UPI application.

  6. The applicable funds will remain blocked until the allotment process is completed.

  7. Once allotted, the shares will be credited directly to your Demat account.

Disclaimer

The information provided above is based on publicly available data from reliable financial and market sources. Investors are advised to verify figures before making investment decisions. Market conditions, subscription numbers, and IPO timelines are subject to change during the issue period.

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo 

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/ 

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos 

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner 

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Hi! I’m Anshika
Financial Content Specialist
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Anshika brings 7+ years of experience in stock market operations, project management, and investment banking processes. She has led cross-functional initiatives and managed the delivery of digital investment portals. Backed by industry certifications, she holds a strong foundation in financial operations. With deep expertise in capital markets, she connects strategy with execution, ensuring compliance to deliver impact. 

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