NSE IPO
NSE was founded in 1992 and known as the stock exchange by SEBI in April 1993. NSE started operations in 1994 along with the wholesale debt market afterward, let the market known as stock buy and sell. The National Stock Exchange (NSE) is an important institution with global recognition. It is a reliable market organization known for maintaining high standards of corporate governance.
IPO GMP
+₹40
+2% expected gain
Price Band
₹1700 - ₹1785
Lot Size
8 shares
Min Investment
₹14,280
Listing Date
September 24, 2026
About NSE
Company overview, business, and key facts.
NSE was founded in 1992 and known as the stock exchange by SEBI in April 1993. NSE started operations in 1994 along with the wholesale debt market afterward, let the market known as stock buy and sell. The National Stock Exchange (NSE) is an important institution with global recognition. It is a reliable market organization known for maintaining high standards of corporate governance.
Moreover, the NSE is considered a substantial exchange and a main for driving India’s economic growth. NSE has one of the largest derivatives markets in the world, trading options and futures on indices, stocks, and other securities. This platform is a strong state-of-the-art technology that provides high levels of robustness, safety, and resilience. This is for trading and investment opportunities for all kinds of investors.
Founded
1992
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- NSE manages one of India's largest electronic platforms for trading.
- There are diverse sources of income from various services such as trading, listing, clearing, data, connectivity and licensing services.
- The technology capability of the company can handle high transaction volumes with low latency.
- NSE has a broad customer base, including issuers, trading members, investors and data consumers.
- The company has set up risk management, surveillance and investor protection procedures.
Risks
- An unusually low level of trading would have a significant effect on the bottom line of the company.
- NSE earns most of its revenues through transaction fees, mainly those for trading options and futures.
- Any technical issues in the system may cause difficulties for trading and impact investor trust.
- Regulatory approval is critical for the business, any delays or denial will limit the launches of new products.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
NSE IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹4,41,787.5 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
42.9x
Peer median 66.7x (discount of 35.7%)
Price to sales
23.61x
Revenue growth, 2026
-2.4%
7% a year over the period
Profit growth, 2026
-15.5%
11.4% a year over the period
Profit margin (PAT)
55.1%
ROE / ROCE
32.98% / 42.8%
As published in the offer document
GMP-implied gain per lot
₹320
8 shares on ₹14,280. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 55.1% in 2026.
- Priced at a 35.7% discount to the peer median P/E of 66.7.
Watch-outs
- Revenue fell 2.4% in 2026.
- Profit fell 15.5% in 2026.
- GMP has fallen 86% from its peak of ₹285 to ₹40.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: fresh issue vs offer for sale split, use of proceeds.
IPO Analysis SummaryAI-generated
A plain-language review of NSE's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
NSE IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, NSE IPO is trading at a grey market premium (GMP) of +₹40 (+2% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 5.69x overall — QIB: 12.68x, NII: 6.54x, Retail: 1.37x.
NSE IPO subscription has closed. The shares are expected to list on September 24, 2026.
The minimum investment required is ₹14,280 for 8 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: NSE manages one of India's largest electronic platforms for trading.; There are diverse sources of income from various services such as trading, listing, clearing, data, connectivity and licensing services.. Investors should note the following risks: An unusually low level of trading would have a significant effect on the bottom line of the company.; NSE earns most of its revenues through transaction fees, mainly those for trading options and futures..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
NSE IPO — Frequently Asked Questions
What is NSE IPO GMP today?
NSE IPO GMP (grey market premium) today is +₹40, suggesting an estimated listing gain of +2%. GMP is indicative and subject to change.
What is the price band of NSE IPO?
The price band for NSE IPO is ₹1700 - ₹1785 with a lot size of 8 shares. The minimum investment required is ₹14,280.
When is NSE IPO allotment date?
NSE IPO allotment is expected to be finalised on September 22, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Private Limited) using your PAN number.
When will NSE IPO list on NSE/BSE?
NSE IPO is expected to list on BSE on September 24, 2026.
How to check NSE IPO allotment status?
To check NSE IPO allotment status, visit the registrar's website (MUFG Intime India Private Limited) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for NSE IPO?
NSE IPO is showing a strong GMP of +₹40 (+2%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of NSE IPO?
The lot size for NSE IPO is 8 shares per lot. The minimum investment for retail investors is ₹14,280. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.