IPO Alert! NSE's Public Issue Opens Tomorrow; Are You Prepared?

Written by: Team Angel OneUpdated on: 16 Sept 2026, 9:31 pm IST

The long-awaited NSE IPO is scheduled to open for subscription tomorrow on September 17, 2026. Here's the details you need to know - price band, lot size, key dates, and valuation, before bidding begins.

The National Stock Exchange of India (NSE) is set to go for public subscription tomorrow. The issue will remain open for bidding from September 17, 2026, to September 21, 2026, with shares expected to list on the BSE platform on September 24, 2026.

The NSE IPO is a 100% Offer for Sale (OFS) consisting of 12.64 crore shares worth ₹22,568.94 crore. As one of the largest and most anticipated listings in recent times, here's everything investors need to know before placing their bids.

NSE IPO Details

Here are all the key details about the NSE public issue:

Price details: The NSE is offering 12.64 crore shares worth ₹22,568.94 crore. The price band is ₹1700 to ₹1785 per equity share, with a face value of ₹1. The shares will be available in a lot size of 8 equity shares.

Lead Manager and Registrar of the issue: The BRLMs for the issue include Kotak Mahindra Capital Company Limited, JM Financial Limited, Morgan Stanley India Company Private Limited and more. MUFG Intime India Private Limited is the registrar of the issue.

Offer for Sale: The NSE IPO is 100% Offer for Sale with no fresh issue component. This means that the entire net proceeds of the issue will go to the selling shareholder. NSE itself would not receive any proceeds from the IPO.

Selling shareholders: State Bank of India, Bank of Baroda, MS Strategic (Mauritius), General Insurance Corporation of India, Canada Pension Plan Investment Board and Aranda Investments (Mauritius) are among the selling shareholders.

Listed on BSE: The NSE IPO will be listed on the BSE Limited platform. This comes in accordance with SEBI compliance, which prohibits listing on its own platform.

NSE Anchor Book Opens Healthy

As per news reports, NSE managing director and chief executive officer Ashish Chauhan said on 15 September, 2026 that demand for the anchor book was “much more than we thought it would be”, with several institutional investors seeking sizeable allocations.

A day before NSE opens for public subscription, on September 16, 2026, the NSE opened its anchor book for institutional investors. As of today, the NSE anchor portion is estimated to be ₹6,250 crore.

How to Ensure a Smooth Application for the IPO?

Here's what you need to keep prepared to ensure a smooth application process, before the subscription goes public:

Authorise PAN uniformly: IPO applications are rejected at the registrar level if the PAN registered on the Demat account does not match the PAN linked to the bank account authorising the UPI mandate. Third-party bank accounts or bids submitted via family members’ UPI IDs will fail verification. Make sure to verify PAN details exactly across Demat, bank, and UPI.

Verify UPI limit: Make sure to verify the UPI limit and link your preferred mode of payment ahead of time. Ensure your linked bank account’s daily UPI mandate limit covers your total bid value. Retail bids go up to ₹2 lakh; HNI goes up to ₹5 lakh. Keeping your primary banking/UPI app updated to the latest version and verifying that notifications are enabled helps you not miss out on the opening window.

Approve UPI mandate: Approve the UPI mandate promptly. Don't wait for push alerts. Mandate push notifications can be delayed due to various issues. If you don’t see an immediate alert after submitting your bid, open your UPI app manually, navigate to the Mandates / Autopay section, approve the request, and ensure the lien amount is marked as blocked.

Conclusion

The NSE IPO marks a landmark moment for India's capital markets, with the exchange opening for public subscription. Being entirely an offer for sale, the issue will see all proceeds go to selling shareholders rather than NSE itself.

To simplify the application process, prospective bidders should ensure their UPI mandates, PAN details, and bank linkages are in order well before the subscription window opens to avoid last-minute application issues.

Investors interested in applying for IPOs can open a demat account to participate in public issues and hold allotted shares electronically.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Sep 16, 2026, 3:09 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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