NSE shares list on the BSE at ₹1,800, a 0.8% premium to issue price
The ₹22,561.57 crore NSE IPO was subscribed 5.71 times during the three day bidding period that ended September 21. The qualified institutional buyer category was subscribed 12.68 times, while the non institutional investor category was subscribed 6.55 times. The retail portion was subscribed 1.39 times.
Shares of the National Stock Exchange of India are set to make their much-awaited debut on the Bombay Stock Exchange on Thursday, September 24. The shares will also be admitted for trading on the Metropolitan Stock Exchange of India under the permitted to trade category from today.MSEI, in a circular released on Wednesday, said the equity shares of NSE will be admitted for trading on its capital market segment with effect from September 24.
The ₹22,561.57 crore NSE IPO was subscribed 5.71 times during the three day bidding period that ended September 21. The qualified institutional buyer category was subscribed 12.68 times, while the non institutional investor category was subscribed 6.55 times. The retail portion was subscribed 1.39 times.The issue was priced at ₹1,785 per share, the upper end of the ₹1,700 to ₹1,785 price band. At the issue price, NSE was valued at around ₹4.4 lakh crore.The IPO was the second largest in India, behind Hyundai Motor India’s ₹27,870 crore issue in 2024.
NSE IPO listing: What GMP indicatesThe latest available grey market premium, or GMP, for the NSE IPO was around ₹65, according to market trackers. At the issue price of ₹1,785, this indicates an estimated listing price of around ₹1,850. That would imply a potential gain of about 3.64% over the issue price.However, the grey market is unofficial and the GMP can change before the listing. The actual listing price will be determined by demand and supply when NSE shares begin trading on the exchange.NSE IPO anchor investorsAhead of the public issue, NSE raised ₹6,746.18 crore from anchor investors.According to the company’s filings, NSE allotted 3,77,93,739 equity shares at ₹1,785 apiece to anchor investors.
The anchor book attracted 189 investors, while market sources estimated demand at nearly ₹1.2 lakh crore, or around 20 times the size of the anchor allocation.What analysts said about NSE IPOA majority of brokerage reports tracking the issue had a subscribe recommendation, while some brokerages, including Religare, maintained a neutral view on the IPO.The issue was entirely an offer for sale, meaning NSE itself will not receive any proceeds from the public offering.
The money raised will go to the selling shareholders.NSE does not have a classified promoter. Its selling shareholders include State Bank of India, Canada Pension Plan Investment Board, Aranda Investments Pte. Ltd., MS Strategic Mauritius Ltd., New India Assurance Company, SBI Capital Markets, Bank of Baroda, Stock Holding Corporation of India, General Insurance Corporation of India and United India Insurance Company.The NSE listing marks the exchange’s entry into the public markets after years of regulatory and legal hurdles surrounding its proposed listing.ALSO READ | NSE Listing LIVE Updates: Biggest debut of 2026 takes shape in a few hours