NSE IPO Day 3 Ends: Issue Subscribed 5.68 Times

Mumbai, September 21: National Stock Exchange of India IPO witnessed continued bidding on the third and final day of its subscription period on September 21, 2026. The offer opened on September 17 and closed on September 21. The bookbuilding issue is entirely an offer for sale of 12,64,36,650 shares, aggregating up to ₹22,561.57 crore. The price band has been fixed at ₹1,700 to ₹1,785 per share. The lot size is eight shares, so retail investors can apply for a minimum of one lot. At the upper price band, the minimum investment for a retail application is ₹14,280.

National Stock Exchange of India IPO Day 3 Subscription Status

As of 5:23:59 PM on September 21, 2026, the IPO had been subscribed 5.68 times overall. The QIB category, excluding the anchor portion, was subscribed 12.68 times, while the NII category saw subscription of 6.54 times. The Retail category was subscribed 1.35 times.

The employee portion received subscription of 2.35 times.

Subscription Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	2,52,07,868	31,97,15,504	12.68x
NII/HNI	1,89,00,482	12,36,47,704	6.54x
Retail	4,41,01,125	5,93,32,072	1.35x
Employees	4,33,437	10,18,328	2.35x
Total	8,86,42,912	50,37,13,608	5.68x

The subscription figures are based on the IPO status update recorded at 5:23:59 PM on September 21, 2026.

Category-wise National Stock Exchange of India IPO Subscription Status

The QIB segment recorded the highest subscription among the main investor categories at 12.68 times, based on the portion excluding anchor investors. Within the NII category, the bNII portion was subscribed 7.78 times, while the sNII portion stood at 4.08 times.

The Retail category received bids for 5,93,32,072 shares against 4,41,01,125 shares offered.

Category	Shares Offered/Reserved	Shares Bid For	Subscription
Anchor	3,77,93,739	3,77,93,739	1.00x
QIB (Ex Anchor)	2,52,07,868	31,97,15,504	12.68x
NII/HNI	1,89,00,482	12,36,47,704	6.54x
bNII (>₹10L)	1,26,00,321	9,79,71,576	7.78x
sNII (<₹10L)	63,00,161	2,56,76,128	4.08x
Retail	4,41,01,125	5,93,32,072	1.35x
Employees	4,33,437	10,18,328	2.35x
Total	8,86,42,912	50,37,13,608	5.68x

The anchor allocation is shown separately and is not included in the QIB subscription multiple.

National Stock Exchange of India Day-Wise Subscription Summary

The IPO recorded an overall subscription of 0.43 times on Day 1. The cumulative subscription moved to 1.04 times on Day 2 before reaching 5.68 times by the close of Day 3.

Date	QIB (Ex Anchor)	NII	bNII (>₹10L)	sNII (<₹10L)	Retail	Employee	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	1.69x	1.42x	1.04x
September 21, 2026 (Day 3)	12.68x	6.54x	7.78x	4.08x	1.35x	2.35x	5.68x

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

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 for subscription on September 17, 2026, and closed on September 21, 2026. The price band is ₹1,700 to ₹1,785 per share, with a lot size of eight shares. Retail investors can apply for a minimum of one lot, requiring ₹14,280 at the upper price band. The issue includes a reservation of up to 4,33,437 shares for employees, offered at a discount of ₹170 to the issue price. The IPO is scheduled to list on the BSE, with September 24, 2026, as the tentative listing date. Kotak Mahindra Capital Company 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