NSE IPO: Will there be a negative listing? But, should you still apply — if yes, then why | What experts suggest

NSE IPO bidding closes on 21 September 2026 with the public issue subscribed 1.46 times, retail portion 0.87 times, NII 2.31 times, and QIB 1.83 times. Grey market premium has fallen sharply from around ₹285 to ₹48-50, raising concerns of a discounted listing against the price band of ₹1700 to ₹1785. Despite the falling GMP, market experts advise investors to apply based on fundamentals, noting the mega issue size of about ₹26,000 crore and drawing parallels with BSE's 400 percent post-listing returns.