NSE Announces ISIN Freeze Ahead of IPO, Effective September 11, 2026

The National Stock Exchange of India Limited (NSE) has announced the freezing of its ISIN INE721I01024 in preparation for its upcoming initial public offering (IPO), as per the news report.  

This freeze will commence on September 11, 2026, and will remain in effect until the equity shares are listed and trading begins. 

The move is being undertaken as part of the procedural requirements related to the proposed IPO and in accordance with the applicable NSDL and CDSL circulars as per the notifications to shareholders as reported on Livemint report. 

What is ISIN Freeze? 

The ISIN freeze is a procedural requirement for the IPO, ensuring that the equity shares are unencumbered and free from pledges.  

Shareholders are advised not to create any new pledges over the shares from the date of the notification until the listing date.  

During this freeze period, no transfers, including off-market transactions, will be allowed without the necessary corporate action and documentation. 

Regulatory Compliance and Shareholder Instructions 

This action aligns with the NSDL circular no. NSDL/CIR/II/28/2023 and CDSL circular no. CDSL/OPS/RTA/POLCY/2023/161, both dated August 8, 2023.  

Shareholders are requested to comply with these requirements to facilitate a smooth IPO process.  

Lock-in Period for Pre-IPO Shareholders 

In accordance with applicable law, equity shares held by pre-IPO shareholders will be locked in from the date of allotment until the period prescribed by law. This lock-in is intended to stabilise the shareholding structure during the IPO process. 

About the NSE IPO 

As per the PTI news report, the NSE's landmark IPO is expected to open for subscription on September 18, 2026, and list on September 25, 2026.   

The offer will feature an Offer for Sale (OFS) of up to 148.9 million shares, each with a face value of ₹1.   

The National Stock Exchange’s (NSE) IPO plans received regulatory clearance from India's market regulator, SEBI, on September 4, 2026.   

Initially estimated to raise up to ₹30,000 crore, recent news reports suggest that the NSE is now planning to lower its IPO price range to ₹1,700–₹1,785 per share, down from the earlier anticipated ₹2,000 level. 

Read More: Know When NSE IPO Is Expected To Open for Subscription; Check the Details!  

Conclusion 

The NSE's decision to freeze ISIN INE721I01024 from September 11, 2026, is a step towards its IPO, requiring shares to be unencumbered. Shareholders must refrain from pledging shares and adhere to the lock-in period as per legal requirements. 

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