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NSE IPO | Key Dates, Price Band, and Lot Size
Author
Shoonya Team
National Stock Exchange of India Limited is launching a ₹22,561.57 crore IPO, opening for subscription on September 17, 2026. The issue will close on September 21, 2026. The shares are proposed to list only on the BSE, with a tentative listing date of September 24, 2026.
The price band is set at ₹1,700 to ₹1,785 per share, and the minimum lot size is 8 shares. Retail investors need a minimum investment of ₹14,280 at the upper price band. In comparison, sNII investors must apply for at least 120 shares worth ₹2,14,200, while bNII investors must apply for at least 568 shares worth ₹10,13,880.
The NSE IPO is entirely an offer for sale of 12.64 crore shares aggregating to ₹22,561.57 crore. Since there is no fresh issue, NSE will not receive any proceeds from the offer. Eligible employees will receive a discount of ₹170 per share.
National Stock Exchange of India | IPO Details
| Detail | Information |
|---|---|
| IPO Opening Date | September 17, 2026 |
| IPO Closing Date | September 21, 2026 |
| Tentative IPO Listing Date | September 24, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹1,700 – ₹1,785 per share |
| Lot Size | 8 shares |
| Total Issue Size | 12,64,36,650 shares, aggregating to ₹22,561.57 crore |
| Fresh Issue | Not applicable |
| Offer for Sale | 12,64,36,650 shares, aggregating to ₹22,561.57 crore |
| Employee Discount | ₹170 per share |
| IPO Segment | Main Board, Book-Building IPO |
| Listing At | BSE |
| Shareholding Pre-Issue | 2,47,50,00,000 shares |
| Shareholding Post-Issue | 2,47,50,00,000 shares |
| Market Cap (At Upper Price) | ₹4,41,787.50 Cr |
National Stock Exchange of India | Company Overview
Incorporated in 1992, National Stock Exchange of India Limited operates a vertically integrated, multi-asset stock exchange. It provides trading, clearing, settlement, listing, market data, index and regulatory services.
NSE covers multiple asset classes, including equity, derivatives, currency derivatives, commodities, debt securities and mutual funds. Its ecosystem includes NSE Clearing, NSE Indices, NSE Data and Analytics and NSE International Exchange.
As of June 30, 2026, NSE had 26.14 crore registered investor accounts, 12.90 crore unique investors, 1,328 trading members and 3,005 listed companies. The total market capitalisation of companies listed on its platform was approximately ₹474.08 lakh crore.
Considering the NSE IPO?
Subscription open September 17–21, 2026 · Price band ₹1,700–₹1,785 · Min. investment ₹14,280
National Stock Exchange of India | Key Dates
- IPO Opening Date: September 17, 2026
- IPO Closing Date: September 21, 2026
- Allotment Date: September 22, 2026
- Refunds Initiated: September 23, 2026
- Shares Credited to Demat: September 23, 2026
- Listing Date: September 24, 2026
- Cut-off Time for UPI Mandate Confirmation: 5 PM on September 21, 2026
NSE IPO | Lot Size & Investment
Investors can bid for a minimum of 8 shares and in multiples thereof. The application amounts below are calculated at the upper price band of ₹1,785 per share, before applying the employee discount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 8 | ₹14,280 |
| Retail Maximum | 14 | 112 | ₹1,99,920 |
| sNII Minimum | 15 | 120 | ₹2,14,200 |
| sNII Maximum | 70 | 560 | ₹9,99,600 |
| bNII Minimum | 71 | 568 | ₹10,13,880 |
Investor Category Reservations
| Category | Application Value | Cut-off Price Option |
|---|---|---|
| RII | Up to ₹2 lakh | Yes |
| sNII | Above ₹2 lakh and up to ₹10 lakh | No |
| bNII | Above ₹10 lakh | No |
| Eligible Employees | Up to ₹5 lakh | Yes |
Up to 50% of the net offer is available for Qualified Institutional Buyers, at least 35% for retail investors and at least 15% for Non-Institutional Investors. Eligible employees may also apply under the employee reservation and the applicable retail or NII category, subject to the respective limits.
National Stock Exchange of India | Financial Overview
NSE’s total income declined by approximately 2% between the financial years ending March 31, 2025, and March 31, 2026.
Here is a snapshot of its year-on-year financial performance:
| Detail | 31-Mar-26 | 31-Mar-25 | Change | Change % |
|---|---|---|---|---|
| Assets | 87,937.44 | 69,466.64 | +18,470.80 | +26.59% |
| Total Income | 18,713.37 | 19,176.83 | -463.46 | -2.42% |
| Profit After Tax | 10,302.06 | 12,187.69 | -1,885.63 | -15.47% |
| EBITDA | 14,519.09 | 16,021.36 | -1,502.27 | -9.38% |
| Net Worth | 31,869.72 | 30,165.05 | +1,704.67 | +5.65% |
| Reserves and Surplus | 31,866.04 | 30,105.83 | +1,760.21 | +5.85% |
NSE IPO | FAQs
When does the NSE IPO open and close?
The NSE IPO opens on September 17, 2026, and closes on September 21, 2026.
What is the price band and lot size for the NSE IPO?
The price band for the NSE IPO is ₹1,700 to ₹1,785 per share, and the minimum lot size is 8 shares. Retail investors must apply for at least one lot, amounting to ₹14,280 at the upper price band.
How can I check the allotment status of the NSE IPO?
You can check the IPO allotment status on MUFG Intime India Private Limited’s website using your PAN, application number or Demat account details. The status may also be available through the BSE issue page.
Where will NSE shares be listed?
NSE shares are proposed to be listed only on the BSE. They will not be listed on NSE’s own platform.
What is the refund and Demat credit date for the NSE IPO?
Refunds or the release of blocked funds for the National Stock Exchange are tentatively scheduled for September 23, 2026.
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