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NSE IPO Day 3: Subscription hits nearly 1.5 times, GMP at 3%. Should you apply?

Anchor investors including LIC, Goldman Sachs and Fidelity backed the issue as bids reached 10.28 crore shares, while the grey market premium eased to Rs 48.

  • Today, Monday, September 21, 2026, marks the final day to subscribe to the National Stock Exchange IPO, a Rs 22,562 crore public issue that opened on September 17, 2026.
  • Earlier, the NSE raised Rs 6,746 crore from anchor investors including Life Insurance Corporation , Goldman Sachs, and Fidelity for the Offer For Sale structure.
  • The IPO received 1.16 times subscription overall, with non-institutional investors subscribed 1.68 times and qualified institutional buyers at 1.53 times following full subscription on Friday.
  • According to Investorgain, unlisted shares trade at a grey market premium of Rs 48, reflecting a 2.69 per cent premium over the upper price band of Rs 1,785.
  • The allotment process for the NSE IPO is expected to be finalised on Tuesday, September 22, with NSE shares slated to make their market debut on September 24, 2026.
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NSE IPO Updates: Retail investors will need to invest a minimum of ₹14,280 per lot. A lot consists of eight shares. Since this issue is entirely OFS, the IPO proceeds will go to shareholders, and the company will not receive any new funds.

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Financial Express broke the news in Noida, India on Monday, September 21, 2026.
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