NSE IPO Price Band Set Between ₹1,700- ₹1,785, With an Issue Size of ₹22,568.94 Crore

The National Stock Exchange of India (NSE) is poised to initiate its much anticipated IPO on September 17, 2026, offering shares within the price range of ₹1,700-1,785 as per news reports.

The exchange seeks to gather ₹22,568.94 crore through this public issuance, targeting a market capitalisation of ₹4,41,787.50 crore at the apex of the price band. 

National Stock Exchange of India Ltd. IPO Overview 

The National Stock Exchange of India Ltd. IPO is a book built issue of ₹22,568.94 crore. 

The issue is entirely an Offer for Sale (OFS) of up to 12,64,36,650 equity shares with a face value of ₹1 each, aggregating to a total issue size of up to ₹22,568.94. 

The subscription window opens on September 17, 2026, and closes on September 21, 2026.  

The price band is set at ₹1700 to ₹1785 per share with a lot size of 8 shares. Individual retail investors require a minimum investment of ₹14,280 based on the upper price band. Listing is tentatively fixed for September 24, 2026, on the BSE.  

Kotak Mahindra Capital Co. Ltd. acts as the book running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar. 

Business Overview of National Stock Exchange of India Ltd. 

Incorporated in November 1992, National Stock Exchange of India Limited is the largest stock exchange in India and a leading global multi-asset exchange by equity derivatives trading volumes.  

It provides a vertically integrated ecosystem comprising trading, clearing, settlement, listing, market data, index services, and regulatory oversight across multiple asset classes.  

As of March 31, 2026, the exchange served over 253 million registered investor accounts and 129 million unique investors. It maintains a strong brand built on trust and an advanced, resilient technology platform supporting high-frequency trading across India. 

Financial Overview of National Stock Exchange of India Ltd. 

The company financials show that revenue decreased by 2% and profit after tax dropped by 15% between the financial years ending March 31, 2025, and March 31, 2026.  

For the period ended June 30, 2026, total income stood at ₹5,252.17 crore with a profit after tax of ₹3,120.08 crore and assets worth ₹91,334.07 crore.  

For the full fiscal year ending March 31, 2026, total income was ₹18,713.37 crore and profit after tax was ₹10,302.06 crore, compared to a total income of ₹19,176.83 crore and profit after tax of ₹12,187.69 crore in the previous year. 

Objective of National Stock Exchange of India Ltd. IPO 

The public issue is a 100% offer for sale of 12,64,36,650 shares aggregating up to ₹22,569 crore.  

Because the issue is completely structured as an offer for sale (OFS) by existing stockholders, the company itself will not receive any funding or proceeds from this public offering.  

The entire proceeds generated from the sale of shares will go directly to the selling shareholders listed in the transaction documents rather than contributing to the capital or cash reserves of the exchange. 

Read More: BSE IPO Index Rises 35% in April-August; SME IPO Index Jumps 55%! 

Conclusion 

NSE's IPO is set to take place from September 17 to September 21, 2026, with a price band of ₹1,700-1,785. The aim is to raise ₹22,568.94 crore through an OFS of 12,64,36,650 shares, culminating in a market cap valuation of ₹4,41,787.50 crore. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.