Stock Exchange & Market Infrastructure - Listed on 24 September 2026
National Stock Exchange of India (Stock Exchange & Market Infrastructure) closed its IPO window in 2026 and listed on NSE and BSE on 24 September 2026 at an upper band issue price of Rs 1785, opening at Rs 1800 for a listing gain of +0.8% and closing day one at Rs 1818 (+1.9% on closing basis). The IPO was subscribed 5.71x overall - QIB 12.68x, HNI/NII 6.55x, Retail 1.39x. The total issue size was Rs 22,568.94 Cr (Fresh Issue Rs 0 Cr, OFS Rs 22568.94 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Stock Exchange & Market Infrastructure
National Stock Exchange of India is a technology-driven market infrastructure institution operating a multi-asset financial marketplace in India, with businesses spanning trading, clearing, settlement, listing, market data, analytics and related services.
Issue structure, listing outcome and context
The IPO was an offer for sale of 12,64,36,650 shares with no fresh issue, with a total issue size of ₹22,568.94 crore at the upper price of ₹1,785 per share. The stock listed on NSE at ₹1,800 and closed at ₹1,818 on 24 September 2026.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 150 | +8.40% |
| Day 2 | Rs 141 | +7.90% |
| Day 3 | Rs 45 | +2.50% |
| Day 4 | Rs 64 | +3.60% |
| Day 5 | Rs 60 | +3.40% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 2.6 pp (Highly accurate)
How the broader market moved around the National Stock Exchange of India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
National Stock Exchange of India IPO listed at +0.8% versus the upper issue price of Rs 1,785 on 24 September 2026.
National Stock Exchange of India IPO was subscribed 5.71x overall. QIB portion was subscribed 12.68x, HNI / NII 6.55x and Retail 1.39x.
IPO GMP started at Rs 150 on Day 1 and moved to Rs 60 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.