NSE IPO Day 3: Issue Subscription Hits 3.97 Times

Authored By HDFC SKY | Published at: Sep 21, 2026 03:16 PM IST

NSE IPO Day 3 subscription status stood at 3.97 times, with QIB demand at 8.03 times, NII at 5.20 times and retail at 1.15 times as of September 21, 2026, 2:45 PM.

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Mumbai, September 21: The National Stock Exchange of India IPO opened for subscription on September 17, 2026, and is scheduled to close on September 21, 2026. The issue is an entirely offer-for-sale (OFS) issue of 12,64,36,650 shares, aggregating up to ₹22,561.57 crore at the upper end of the price band. The price band has been fixed at ₹1,700 to ₹1,785 per share, while the IPO lot size is 8 shares. The issue is scheduled to list on the BSE on September 24, 2026.

NSE IPO Day 3 Subscription Status

The NSE IPO subscription status was recorded at 2:45:03 PM on September 21, 2026, the third and final day of bidding.

Subscription Category	Subscription
QIB (Ex Anchor)	8.03x
NII	5.20x
Retail	1.15x
Employees	2.16x
Total	3.97x

The issue had received 32,75,060 applications by the timestamp recorded in the supplied subscription data.

Category-wise NSE IPO Subscription Status

Category	Shares Offered	Shares Bid For	Subscription	Total Amount (₹ Cr.)
Anchor	3,77,93,739	3,77,93,739	1.00x	6,746.182
QIB (Ex Anchor)	2,52,07,868	20,23,90,152	8.03x	36,126.642
NII	1,89,00,482	9,83,25,016	5.20x	17,551.015
bNII (> ₹10L)	1,26,00,321	7,60,42,616	6.03x	13,573.607
sNII (< ₹10L)	63,00,161	2,22,82,400	3.54x	3,977.408
Retail	4,41,01,125	5,06,36,352	1.15x	9,038.589
Employees	4,33,437	9,38,384	2.16x	167.502
Total	8,86,42,912	35,22,89,904	3.97x	62,883.748

Shares offered and total amount are calculated using the upper end of the issue price range. The anchor portion is excluded from the total shares offered.

NSE IPO Day-wise Subscription Summary

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹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	0.69x	1.42x	1.04x
September 21, 2026 (Day 3)	8.03x	5.20x	6.03x	3.54x	1.15x	2.16x	3.97x

NSE 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 NSE IPO

The NSE IPO is an entirely OFS issue comprising 12,64,36,650 shares and aggregating up to ₹22,561.57 crore. The price band is ₹1,700 to ₹1,785 per share, with a lot size of 8 shares.

IPO Detail	Information
IPO Type	Bookbuilding IPO
Issue Size	₹22,561.57 crore
Total Shares Offered	12,64,36,650
Sale Type	OFS only
Price Band	₹1,700 to ₹1,785
Lot Size	8 shares
Minimum Retail Investment	₹14,280
Face Value	₹1 per share
IPO Open Date	September 17, 2026
IPO Close Date	September 21, 2026
Listing Date	September 24, 2026
Listing Exchange	BSE
Employee Reservation	Up to 4,33,437 shares
Employee Discount	₹170 per share
Book Running Lead Manager	Kotak Mahindra Capital Co. Ltd.
Registrar	MUFG Intime India Pvt. Ltd.

The supplied IPO details do not provide a separate business description of the issuer beyond the issue information above.

Source:

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

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