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NSE IPO Set to Open on September 17; GMP Signals 11% Listing Gain

The offer for sale will let existing shareholders offload 12.64 crore shares, while the company will not raise fresh capital.

  • The National Stock Exchange IPO opens for subscription tomorrow, September 17, 2026, closing on September 21, with the issue price band set at Rs 1,700 to Rs 1,785 per share.
  • This entire Rs 22,569 crore Offer For Sale involves existing shareholders selling holdings rather than raising fresh capital; the exchange reduced the OFS size from 14.9 crore to 12.64 crore equity shares.
  • Shares are allocated to anchor investors today, September 16, 2026, while retail investors must invest at least Rs 14,280 for one lot of 8 shares; the IPO commands an 8.96 per cent grey market premium.
  • Following the subscription window, the allotment of shares is expected to be finalised on September 22, 2026, with NSE shares slated to make their market debut on the bourse on September 24, 2026.
  • Since filing the Draft Red Herring Prospectus in June, the public issue underwent several changes, with earlier pricing expectations set between Rs 2,000 and Rs 2,100 per share.
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The Economic Times broke the news in Mumbai, India on Tuesday, September 15, 2026.
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