National Stock Exchange of India Ltd. IPO
OpenBSE · MAINBOARD · Registrar: KFin Technologies
GMP Today
+₹135
▲ ~7.6% indicative
IPO Details
| Price Band | ₹1785 – ₹1785 |
| Lot Size | 8 shares |
| Min Investment | ₹14,280 |
| Issue Size | ₹10,000+ Cr (Estimated) |
| Open Date | 17 Sep 2026 |
| Close Date | 21 Sep 2026 |
| Listing Date | TBA |
| Registrar | KFin Technologies |
| Exchange | BSE |
| Expected Listing | ₹1920 (GMP estimate) |
About National Stock Exchange of India Ltd.
National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by contract volume and India’s leading stock exchange by equity turnover. Headquartered in Mumbai, Maharashtra, it provides cutting-edge electronic trading across capital market, equity derivatives, currency derivatives, commodity futures, and debt market segments.
Lead Manager
Kotak Mahindra Capital, Morgan Stanley, Citigroup Global Markets
Promoter Holding (Post-Issue)
0%
Issue Structure
| Issue Type | Book Built Issue |
| Face Value | ₹1 per share |
| Offer for Sale | ₹4,500 Cr |
Reservation Quotas
QIB (Institutional)
NII (HNI)
Retail Individual
Lot Size & Investment Details
| Category | Lots | Shares | Min Amount | Max Amount |
|---|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹45,000 | ₹45,000 |
| Retail (Max) | 4 | 60 | ₹1,80,000 | ₹1,80,000 |
| Small HNI (Min) | 5 | 75 | ₹2,25,000 | ₹2,25,000 |
| Small HNI (Max) | 22 | 330 | ₹9,90,000 | ₹9,90,000 |
| Big HNI (Min) | 23 | 345 | ₹10,35,000 | ₹10,35,000 |
National Stock Exchange of India Ltd. — Financial Performance
| Period | Revenue (Cr) | PAT (Cr) | Net Worth (Cr) | EPS (₹) |
|---|---|---|---|---|
| FY24 | 14,780.0+25% | 8,306.0+13% | 23,400.0 | — |
| FY23 | 11,856.0+43% | 7,356.0+67% | 18,200.0 | — |
| FY22 | 8,313.0 | 4,400.0 | 13,800.0 | — |
Source: Audited financial statements as disclosed in the SEBI-filed Red Herring Prospectus. All figures in Crore ₹ unless specified.
Key Financial Ratios & KPIs
35.5%
Return on Equity (ROE)
Industry Avg 22.0%
44.2%
ROCE
Industry Avg 28.0%
56.2%
PAT Margin
Global Exch. Avg 45.0%
0.00x
Debt to Equity
Zero Debt Standard
68.4%
Operating Margin
Objects of the Issue
- 1
Achieve the benefits of listing the equity shares on the public exchange floor under SEBI regulations.
- 2
Provide liquidity and an orderly exit mechanism to existing institutional shareholders.
- 3
Enhance brand visibility and public governance standards as India’s premier financial market infrastructure provider.
Promoters & Shareholding
Promoter & Governance Details — National Stock Exchange of India Ltd.
Professionally Managed Exchange (No Identifiable Promoter)
Promoter / Institution
Peer Comparison — National Stock Exchange of India Ltd.
| Company | CMP (₹) | P/E Ratio | ROE (%) | Revenue (Cr) | PAT (Cr) |
|---|---|---|---|---|---|
| BSE Ltd. | ₹2,450 | 48.2x | 24.8% | 1,580 | 780 |
| MCX India Ltd. | ₹5,800 | 62.1x | 19.5% | 850 | 320 |
Peer data as disclosed in the RHP. Listed peer valuations may have changed since prospectus filing.
5-Point Technical Gauge
Mixed indicators; evaluate company fundamentals in RHP
Educational quantitative model based on indicative GMP and subscription data. Not investment advice or a trade recommendation.
Factors to Consider Before Applying in IPO
Valuation Attractiveness
P/E is in-line or attractive vs listed industry peers
GMP Listing Premium
Current GMP indicates healthy estimated listing gain
Institutional Demand
QIB & Anchor allocation well-subscribed by tier-1 funds
Financial Growth Record
Positive revenue growth; operating margins moderate
Regulatory DRHP Review
No promoter share pledging; clean statutory audit report
Educational due diligence checklist. Not investment advice or a trade recommendation. Always read the complete RHP filed with SEBI.
Subscription Status
Day-wise
Day 3
Category-wise
How to Apply
Open your broker app
Use Zerodha, Groww, Upstox, or Dhan. Go to the IPO section.
Select this IPO
Search for "National Stock Exchange of India Ltd." in the open IPOs list.
Enter lot quantity
Minimum 1 lot = 8 shares. Apply at cutoff price for best allotment chances.
Enter your UPI ID
Your UPI ID will receive a mandate request. The amount is blocked, not debited.
Approve UPI mandate
Open your bank UPI app and approve the mandate within 30 minutes.
Wait for allotment
Allotment happens within 6 business days. Check status on the registrar website.
Regulatory Notice & Non-Advisory Mandate
Zero-AdvisoryThe FinBasis — Institutional-style market intelligence and IPO analytics for Indian investors. For educational and informational purposes only. Not investment advice. We are NOT a SEBI-registered Investment Adviser or Research Analyst. No content published on this platform constitutes a recommendation, buy/sell call, or financial advice.
Grey Market Premium (GMP) Notice: Grey Market Premium (GMP) – unofficial market estimate. Indicative premium based on grey market data. Not regulated by SEBI. Grey market trades operate outside regulated stock exchanges (NSE/BSE) without clearing corporation protection. Always conduct independent due diligence using the official Red Herring Prospectus (RHP).
Securities investments are subject to market risks. Please read all scheme and offer documents carefully and consult a qualified, registered financial adviser before making any investment decision.