National Stock Exchange of India IPO Day 3: Issue Subscribed 1.46 Times

Authored By HDFC SKY | Published at: Sep 21, 2026 10:48 AM IST

National Stock Exchange of India IPO Day 3 subscription stood at 1.46 times, with Retail at 0.88x, NII at 2.32x and QIB at 1.83x as of September 21, 2026.

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Mumbai, September 21: The National Stock Exchange of India IPO entered the third and final day of bidding on September 21, 2026. The ₹22,561.57 crore bookbuilding issue opened on September 17 and is scheduled to close on September 21. The IPO is entirely an offer for sale of 12,64,36,650 shares. The price band has been fixed at ₹1,700 to ₹1,785 per share, while the lot size is eight shares. At the upper price band, the minimum retail application amounts to ₹14,280.

National Stock Exchange of India IPO Day 3 Subscription Status

The National Stock Exchange of India IPO was subscribed 1.46 times as of 10:30:03 AM on September 21, 2026, according to the subscription data shown in the source.

Subscription Category	Subscription
Total	1.46x
QIB (Ex Anchor)	1.83x
NII/HNI	2.32x
Retail	0.88x
Employees	1.78x
Anchor Investor	1.00x

The issue received bids for 12,95,03,456 shares against 8,86,42,912 shares offered, excluding the anchor portion.

Category-wise National Stock Exchange of India IPO Subscription Status

Category	Shares Offered	Shares Bid For	Subscription
Anchor Investor	3,77,93,739	3,77,93,739	1.00x
QIB (Ex Anchor)	2,52,07,868	4,61,44,520	1.83x
NII/HNI	1,89,00,482	4,38,85,984	2.32x
bNII (>₹10L)	1,26,00,321	2,92,08,536	2.32x
sNII (<₹10L)	63,00,161	1,46,77,448	2.33x
Retail	4,41,01,125	3,87,02,712	0.88x
Employees	4,33,437	7,70,240	1.78x
Total	8,86,42,912	12,95,03,456	1.46x

The source notes that shares offered and total amount are calculated using the upper price of the issue price range. The anchor investor portion is excluded from the total number of shares offered.

National Stock Exchange of India Day-wise Subscription Summary

The IPO’s overall subscription increased from 0.43 times on Day 1 to 1.04 times on Day 2 and stood at 1.46 times in the Day 3 data available as of 10:30:03 AM.

Date	QIB (Ex Anchor)	NII	NII (>₹10L)	NII (<₹10L)	Retail	Employees	Total
September 17, 2026 (Day 1)	0.19x	0.72x	0.61x	0.94x	0.44x	0.97x	0.43x
September 18, 2026 (Day 2)	1.32x	1.46x	1.36x	1.68x	0.69x	1.42x	1.04x
September 21, 2026 (Day 3)	1.83x	2.32x	2.32x	2.33x	0.88x	1.78x	1.46x

National Stock Exchange of India IPO Timeline

IPO Milestone	Date
Issue Open Date	September 17, 2026
Issue Close Date	September 21, 2026
Basis of Allotment Date	September 22, 2026
Initiation of Refunds	September 23, 2026
Credit of Shares	September 23, 2026
Listing Date	September 24, 2026

Brief Overview Of The National Stock Exchange of India IPO

The National Stock Exchange of India IPO is a ₹22,561.57 crore bookbuilding issue comprising an offer for sale of 12,64,36,650 shares. The IPO opened on September 17, 2026, and is scheduled to close on September 21, 2026. The price band is ₹1,700 to ₹1,785 per share, with a lot size of eight shares. At the upper price band, the minimum retail application amounts to ₹14,280.

The issue includes a reservation of up to 4,33,437 shares for employees, with an employee discount of ₹170 to the issue price. The IPO is scheduled to list on the BSE on September 24, 2026. Kotak Mahindra Capital Co. Ltd. is the book running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=NSE&series=EQ&type=Active

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