Much-Awaited NSE IPO Opens Today, September 17, 2026: Price Band, Subscription Details, and Key Dates
The ₹22,562 crore NSE IPO opens today, September 17, 2026. The offering is a 100% Offer for Sale (OFS) of 12,64,36,650 shares priced between ₹1,700 and ₹1,785 per share.
National Stock Exchange of India Limited IPO Overview
The National Stock Exchange of India Limited IPO is a book build issue with a total size of up to ₹22,562 crore. The offering consists entirely of an offer for sale of 12.64 crore shares.
The subscription window opens on September 17, 2026, and closes on September 21, 2026. The set price band ranges from ₹1,700 to ₹1,785 per share, with a lot size comes at 8 shares based on upper price.
The minimum application amount for an individual retail investor is ₹14,280. The listing is likely on the BSE with a tentative listing date of September 24, 2026, as per news reports.
Kotak Mahindra Capital Co. Limited acts as the book running lead manager, while MUFG Intime India Pvt. Limited serves as the registrar.
Business Overview of National Stock Exchange of India Limited
Incorporated in 1992, National Stock Exchange of India Limited is the largest stock exchange in India and a leading global multi-asset exchange platform.
It operates a vertically integrated ecosystem that spans trading, clearing, settlement, listing, market data, index services, and regulatory oversight.
As of June 30, 2026, the exchange supports over 261.36 million registered investor accounts, 1,328 trading members, and 3,005 listed companies.
NSE reported market shares of 99.79% in cash market, 74.71% in equity futures and 99.48% in equity options as of March 31, 2026.
Subsidiary businesses like NSE Clearing Limited and NSE Indices Limited add diverse non-trading revenue streams.
Financial Overview of National Stock Exchange of India Limited
The consolidated financial statements demonstrate a highly profitable enterprise, though performance contracted slightly in the recent full fiscal year.
For the fiscal period ending March 31, 2026, total income stood at ₹18,713.37 crore, marking a 2% decline compared to the ₹19,176.83 crore recorded on March 31, 2025. Similarly, profit after tax dropped by 15% to ₹10,302.06 crore down from ₹12,187.69 crore in the previous year.
For the latest quarter ending June 30, 2026, the company recorded total income of ₹5,252.17 crore and a profit after tax of ₹3,120.08 crore. As of June 30, 2026, total assets stood at ₹91,334.07 crore, while net worth was ₹34,983.74 crore
Objective of National Stock Exchange of India Limited IPO
As the IPO is entirely an Offer for Sale, NSE will not receive any proceeds from the issue. The proceeds will accrue to the selling shareholders.
Major corporate entities liquidating portions of their holdings include State Bank of India with a divestment of ₹2,850.54 crore, Canada Pension Plan Investment Board at ₹2,119.52 crore, Aranda Investments at ₹2,007.47 crore, and MS Strategic at ₹1,963.50 crore, among other institutions.
OFS Selling Shareholders in NSE IPO
| Shareholder Name | Category | Number of Shares Offered | Amount (in ₹ Crore) |
| State Bank of India | Corporate | 1,59,69,410 | 2,850.54 |
| Canada Pension Plan Investment Board | Corporate | 1,18,74,060 | 2,119.52 |
| Aranda Investments (Mauritius) Pte. Limited | Corporate | 1,12,46,336 | 2,007.47 |
| MS Strategic (Mauritius) Limited | Corporate | 1,10,00,000 | 1,963.50 |
| New India Assurance Co. Limited | Corporate | 1,05,00,000 | 1,874.25 |
| SBI Capital Markets Limited | Corporate | 87,80,590 | 1,567.34 |
| Bank of Baroda | Corporate | 76,90,375 | 1,372.73 |
| Stock Holding Corp. of India Limited | Corporate | 61,87,500 | 1,104.47 |
| General Insurance Corp. of India | Corporate | 61,87,500 | 1,104.47 |
| United India Insurance Co. Limited | Corporate | 60,00,000 | 1,071.00 |
| Crown Capital Limited | Corporate | 58,71,093 | 1,047.99 |
| 272647 Ontario Inc. | Corporate | 54,01,286 | 964.13 |
| Oriental Insurance Co. Limited | Corporate | 49,57,000 | 884.82 |
| National Insurance Co. Limited | Corporate | 40,00,000 | 714.00 |
| Mahagony Limited | Corporate | 30,00,000 | 535.50 |
| ICICI Lombard General Insurance Co. Limited | Corporate | 23,50,000 | 419.48 |
| TA Asia Pacific Acquisitions Limited | Corporate | 20,00,000 | 357.00 |
| Soach Global Strategic Holdings Limited | Corporate | 16,50,000 | 294.53 |
| Indian Bank | Corporate | 15,00,000 | 267.75 |
| Be-In Eight S.R.L | Corporate | 2,62,500 | 46.86 |
| Rajiv Bolla | Other | 7,500 | 1.34 |
| Shaik Samdani Basha | Other | 1,000 | 0.18 |
| Mahesh Gupta | Other | 500 | 0.09 |
Note: The above value in the amount is calculated based on the upper end IPO issue price of ₹1,785 per share.
Read More: IPO Bound NSE Attracts Large Demand, Anchor Book Hits ₹6,000 Crore, Says CEO!
Conclusion
The NSE IPO will remain open from September 17 to September 21, 2026, with a price band of ₹1,700 to ₹1,785 per share and a tentative BSE listing on September 24, 2026. As the issue is entirely an Offer for Sale, NSE will not receive any proceeds from the IPO, with the proceeds going to the selling shareholders.
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 17, 2026, 7:58 AM IST
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