N
National Stock Exchange of India Ltd.
LISTED
Mainboard
GMP-
Subscription5.71×Overall
Min. Investment₹13,6001 lot × 8 shares
IPO Details
Issue Size₹22,568.94 Cr
Price Band₹1700 – ₹1785Per equity share
Lot Size8 SharesMin 1 lot (Retail)
Face Value₹1 / sharePaid-up equity
Total Shares12.64 CrOffered to public
Market Cap₹4,41,787.50 CrAt upper price band
QIB Quota19.94%Qualified Inst. Buyers
Retail Quota34.89%Non-inst. investors
IPO Timeline
Issue Opens17 Sep 2026
IPO subscription begins
Issue Closes21 Sep 2026
Last day to apply
Basis of Allotment22 Sep 2026
Allotment finalization
Listing Date24 Sep 2026
Trading begins on BSE & NSE
About & Business
- Background
- Industry
- Promoters
Our Company was incorporated as ‘National Stock Exchange of India Limited’ as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 27, 1992, issued by the Assistant Registrar of Companies, Maharashtra at Bombay and commenced its operations pursuant to a certificate of commencement of business dated March 2, 1993, issued by the Additional Registrar of Companies, Maharashtra at Bombay.
Our Company was granted recognition as a stock exchange by the Ministry of Finance, Government of India by way of a notification dated April 26, 1993, which was subsequently renewed for a period of five years each by way of notifications dated April 6, 1998, and April 10, 2003, issued by SEBI. Subsequently, renewal of recognition as a stock exchange was granted to our Company on a permanent basis by way of a notification dated April 17, 2008, issued by SEBI, with effect from April 26, 2008.
Major Events & Milestones
1992
Incorporated as a public limited company under the name of ‘National Stock Exchange of India Limited’ under the Companies Act, 1956
1993
Recognised as a stock exchange by the Ministry of Finance, Government of India
1994
Commenced screen-based trading of securities
Launched the wholesale debt market segment
Launched the equity cash market segment
1995
Established the investor protection fund trust
1996
Created and administered a settlement fund
Launched Nifty 50 Index, which remains our flagship index today
Commenced trading and settlement in dematerialised securities
2000
Commenced internet trading
Launched an index futures based on the Nifty 50 index
2001
Launched an index option based on the Nifty 50 index
Launched single stock futures and options on listed securities
2002
Launched exchange traded funds listings
2005
Launched NIFTY Bank index derivatives
Number of listed companies crossed 1,000 mark
2007
Market capitalisation of listed companies touched 41.08 trillion (US$1 trillion)
NSE launched corporate bond market reporting platform (now known as CBRICS)
Registered investor base reached 5 million unique investors
NIFTY 50 crossed the 5,000 mark
2008
Launched trading in currency futures
Our Subsidiary, NSE Clearing Limited launched the securities lending and borrowing scheme
2009
Launched mutual fund service system (“MFSS”)
Registered investor base crossed 10 million unique investors
2010
Launched trading in currency options
2012
Launched an SME-specific EMERGE platform for the listing and trading of securities of SMEs
2013
Launched the debt segment
2014
Launched the NSE NMF II platform for mutual fund distributors
Launched the NSE Bond Futures (NBF-II) in interest rate futures segment
Launched trading on India VIX index futures
2016
Launched an electronic book-building platform for private placement of debt securities
Launched platform for sovereign gold bond issuances
Registered investor base crossed 20 million unique investors
Incorporated NSEIX, the international stock exchange in India’s first IFSC SEZ at GIFT City Gandhinagar, Gujarat
2017
Market capitalisation of listed companies on NSE touched 129.78 trillion (US$ 2 trillion)
NIFTY 50 crossed the 10,000 mark
NSEIX commenced live trading operation in June 2017
2018
Launched currency derivatives on cross currency pairs
Launched commodity derivatives segment
Launched weekly option on Nifty 50
Launched tri-party repo of corporate debt securities
2019
Launched interest rate options on Government of India bonds
NSE IX-SGX Connect received regulatory approval
Largest volume of derivatives contracts traded in the world in the calendar year 2019 based on Futures Industry Association statistics
2020
Launched request for quote platform for execution and settlement of trades
Introduced trading of weekly futures and options contracts on currency pairs other than US Dollar - Indian Rupees
2021
Launched futures and options on Nifty Financial Services Index
Registered investor base crossed 50 million unique investors
Number of listed companies crossed 2,000 mark
NIFTY 50 crossed the 15,000 mark
2022
Registered investor base crossed 69 million unique investors
Launched futures and options contracts on Nifty Midcap Select Index
Inauguration of NSE IX-SGX Connect
2023
First listing on NSE Social Stock Exchange
NIFTY 50 crossed the 20,000 mark
SME companies listed on the NSE Emerge platform crossed 1 trillion market capitalisation mark
Commodity derivatives launched on WTI Crude Oil and Natural Gas and base metals (Aluminium, Copper, Lead, Nickel, Zinc)
Launched AMC Repo Clearing Limited (“ARCL”) Tri-party Repo Market Platform
2024
Launched the beta version T+0 settlement in the equity segment
Launched Nifty Next 50 – futures and options
2nd position in cash market trades in the calendar year 2024 and retained top position as the world’s largest derivatives exchange for the 6th consecutive year.
On June 4, 2024, our platform processed a total of 293.85 million peak trades in a single day
Launched NSE India mobile app and multilingual website
NIFTY 50 crossed the 25,000 mark
Market capitalisation of listed companies on our platforms surpassed 416.57 trillion (US$ 5 trillion) for the first time
2025
Launched electricity futures
Launched a dedicated website for municipal bonds
Unique investor base surpassed 110 million in January 2025 and Investor Accounts (Unique Client Codes - UCCs) surpassed 220 million in April 2025
Launched an enhanced NSE MF Invest platform
Launched the whatsapp bot and apps for members and companies
Retained top position as the Exchange with the largest volume of derivatives contracts traded in the world based on Futures Industry Association statistics for the 7th consecutive calendar year
Became a global leader in capital raising – facilitated 220 IPOs in the calendar year 2025 – raising 1.78 trillion (US$ 20.26 billion) – amongst the highest in the world
NSE EMERGE marked its 650th SME listing milestone having raised over 180,000 million since 2012
2026
Unique registered investor base on our Exchange crossed 130 million
Received SEBI approval to invest in National Coal Exchange of India Limited
Processed 21.89 billion peak order messages in a single day and 201.00 million trades were executed on March 24, 2026
Launched brent crude oil (Platts) futures contracts based on platts dated brent benchmark of S&P Global Energy.
Launched electronic gold receipts
Past Risk and Return Verification Agency (“PaRRVA”) commercially launched
Collaborated with Indian Gas Exchange Limited (“IGX”) for launch of natural gas futures based on IGX’s benchmark price index
Incorporated a Subsidiary, National Coal Exchange of India Limited
Launched closing auction session in the equity cash segment
Our Subsidiary, NSE Indices Limited launched Nifty500 Ahimsa Index
Our Subsidiary, NSE Indices Limited launched Nifty Sugar & Ethanol and Nifty Small Finance Banks & Microfinance Institutions indices
Our Subsidiary, NSE Indices Limited launched Nifty REITs & InvITs 90:10 Index
Launched Indian natural gas futures contracts in the commodity derivatives segment
Launched futures and options contracts on Nifty India FPI 150 Index
Objectives of the Issue
- 01Carry out the Offer for Sale of 126,436,650 Equity Shares of face value of 1 each by certain Selling Shareholders aggregating up to 225,615.74 million
- 02Achieve the benefits of listing the Equity Shares on BSE
Agencies & Documents
Book Running Lead Managers (BRLMs)
- Motilal Oswal Investment Advisors Private Limited
- Kotak Mahindra Capital Company Limited
- ANAND RATHI ADVISORS LTD
- Nuvama Wealth Management Ltd.
- Equirus Capital Pvt. Ltd.
- Citigroup Global Markets India Private Limited
- JM Financial Ltd.
- HDFC Bank Ltd.
- ICICI Securities Ltd.
- JP Morgan India Private Limited.
- IDBI Capital Markets & Securities Limited
- Axis Capital Ltd.
- Pantomath Capital Advisors Pvt. Ltd.
- IIFL Capital Services Limited
- HSBC Securities and Capital Markets (India) Privat
- Avendus Capital Pvt. Ltd.
- Morgan Stanley India Company Pvt. Ltd.
- DAM Capital Advisors Ltd.
- 360 ONE WAM Ltd.
Registrar to the Issue
MUFG Intime India Pvt. Ltd.8108114949
IPO CalculatorListed
Price Band1700 – 1785Cut-off: ₹1,785 per share
Closes21 Sep 20265:00 PM IST
Select Lots
1
Shares8 shares
Price per share₹1785 (cut-off)
Total Investment₹14,280
Subscription Status
5.71× Overall| Category | Subscribed | Shares Offered |
|---|---|---|
| Retail Individual Investors | 1.39× | 4,41,01,125 |
| Qualified Institutional Buyers | 12.68× | 2,52,07,867 |
| Non Institutional Investors | 6.55× | 1,89,00,483 |
| Employee Reserved | 2.4× | 4,33,436 |
✕
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.