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

  • On Monday, the NSE IPO closed with about 5.7 times subscription, attracting bids for more than 50 crore shares. This marks India's second-largest public issue.
  • Before the issue opened, the NSE raised ₹6,746 crore from anchor investors including Life Insurance Corporation, Goldman Sachs, and Fidelity. The mega IPO generated nearly ₹90,300 crore of demand against the ₹22,568 crore issue size.
  • Qualified Institutional Buyers led demand with 12.68 times subscription, while the NII portion was subscribed 6.55 times. Retail investors booked their portion 1.39 times.
  • Proceeds from the share sale accrue to selling shareholders like State Bank of India and Bank of Baroda, as the offering is entirely an Offer for Sale . This structure means no capital flows directly to the NSE.
  • NSE shares are expected to be listed on the BSE on September 24. The public issue marks a significant milestone for the exchange, whose listing plans had remained stalled for nearly a decade amid regulatory hurdles.
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Financial Express broke the news in Noida, India on Monday, September 21, 2026.
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