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National Stock Exchange of India IPO Subscription Status

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Updated · GMP, subscription and listing data refresh through the day.

National Stock Exchange of India IPO Details

RegistrarMUFG Intime India Private Limited
Lead managersKotak Mahindra Capital Company Limited
Fresh issue—
Offer for sale—

National Stock Exchange of India Financials ₹ in crore

00%2505%50010%75015%100020%202220232024
₹ crore202220232024
Revenue₹508.28₹989.6—
Expenses———
Net profit (PAT)₹63.21₹157.71—
PAT margin12.4%15.9%—
Total assets₹5,453.02₹9,729.95—

National Stock Exchange of India IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹1785
Retail (min)1 lot8₹14,280
Retail (max)14 lots112₹1,99,920
sHNI (min)15 lots120₹2,14,200
bHNI (min)71 lots568₹10,13,880

One lot is 8 shares, so a single application at the ₹1785 cut-off costs ₹14,280. Retail applications are capped at ₹2,00,000, which is 14 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

About National Stock Exchange of India

National Stock Exchange of India Limited is a company that operates a vertically integrated stock exchange, offering a platform for trading, clearing, listing, and other services such as data feed, data terminal, and licensing services. Its platform covers regulatory compliance, risk monitoring and post-trade settlement. The company was incorporated in 1992 and is headquartered in Mumbai, Maharashtra. Its customers include trading members, issuers, investors, and intermediaries.

National Stock Exchange of India IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
NSE is the largest stock exchange in India in terms of total turnover in cash market and equity derivatives.
NSE has a market share of 11.38% in number of trades in cash equities and 51.18% in contracts traded in equity derivatives globally.
NSE ranks among the top three exchanges globally in terms of number of trades in cash equities and ranked first in contracts traded in equity derivatives.
NSE has a strong brand synonymous with trust, efficiency and transparency, across its trading platform as well as its clearing, settlement and market supervisory role.
NSE has a robust and resilient infrastructure with continuous investments in technology upgrades and security enhancements.
NSE is a first level regulator in India, committed to providing equal, unrestricted, transparent and fair access to the stock market.
NSE has a vertically integrated stock exchange model offering a comprehensive platform for trading, clearing, settlement, and data services.
▼ Risk factors (7)
Any significant decrease in the volume and value of transactions executed on our stock exchange could significantly reduce demand for our products, constrain our growth, and adversely affect our business, financial condition, results of operations, cash flows, and prospects.
We operate in a highly regulated industry, primarily overseen by SEBI, and are subject to periodic inspections by SEBI, which may result in adverse actions.
Our Company has been, and continues to be, subject to enforcement actions, penalties, adjudication proceedings, which may or may not get settled with SEBI in respect of alleged violations and regulatory matters with applicable SEBI regulations.
Disruptions, failures, or inadequacies in our IT infrastructure, systems, or software, including those provided by third-party vendors, could adversely affect our business, reputation and results of operations, and may subject us to regulatory action or the imposition of financial disincentives by SEBI.
Our ability to attract new listings, issuances and capital formation activities on our platforms is critical to our business, and any decline may adversely affect our operations.
We are subject to cybersecurity risks and any successful cyberattack could disrupt our operations and adversely affect our business, financial condition, results of operations, and prospects.
Our dependence on proprietary, in-house technology systems and infrastructure could give rise to significant operational risks that could materially disrupt our services and adversely affect our business, financial condition and results of operations.

How to check National Stock Exchange of India IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For National Stock Exchange of India Limited, the registrar is MUFG Intime India Private Limited — allotment is finalised in the days between the issue closing on 21 Sept 2026 and listing on 24 Sept 2026.

RegistrarMUFG Intime India Private Limited
You will needPAN, application number or demat ID
Issue closes21 Sept 2026
Listing date24 Sept 2026
Issue opens
Thu, 17 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Mon, 21 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Tue, 22 Sept, 2026
By MUFG Intime; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 23 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 24 Sept, 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.

National Stock Exchange of India IPO Subscription Status FAQs

How many times is National Stock Exchange of India IPO subscribed?

As of 22 Sept, 3:37 am the National Stock Exchange of India Limited IPO is subscribed 5.71× overall: QIB 12.68×, non-institutional 6.55× and retail 1.39×. Figures are the exchange's consolidated demand across NSE and BSE.

What is the National Stock Exchange of India IPO retail subscription status?

The retail portion is subscribed 1.39× as of 22 Sept, 3:37 am. Retail applications are those up to ₹2,00,000 at the cut-off price.

How do I check National Stock Exchange of India IPO subscription status?

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

How was National Stock Exchange of India IPO subscribed day by day?

Overall subscription at the end of each bidding day — day 1 (17 September 2026): 0.43×, day 2 (18 September 2026): 1.16×, day 3 (19 September 2026): 1.16×, day 4 (20 September 2026): 1.16×, day 5 (21 September 2026): 5.71×, day 6 (22 September 2026): 5.71× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

What does 2× subscription mean?

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

National Stock Exchange of India IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Private Limited

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the National Stock Exchange of India IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (21 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited, not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹90 on a ₹1,785 upper band means the grey market is dealing at ₹1,875.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.