National Stock Exchange of India IPO
National Stock Exchange of India IPO is a mainboard IPO raising ₹22,561 Cr at ₹1,700 – ₹1,785 a share. It listed on 24 Sept 2026 and trades at ₹1,738 today, −2.6% against its issue price of ₹1,785. It was subscribed 5.71× in total.
5.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 2,52,07,867 | 31,97,15,504 | 13× |
| Foreign Institutional Investors | no separate quota | 14,03,19,136 | n/a |
| Domestic Financial Institutions | no separate quota | 6,79,62,488 | n/a |
| Mutual funds | no separate quota | 5,40,84,792 | n/a |
| Others | no separate quota | 5,73,49,088 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 1,89,00,483 | 12,37,51,624 | 6.55× |
| Non Institutional Investors | 1,26,00,322 | 9,79,71,576 | 7.78× |
| Corporates | no separate quota | 80,63,032 | n/a |
| Individuals | no separate quota | 8,39,17,608 | n/a |
| Others | no separate quota | 59,90,936 | n/a |
| Non Institutional Investors | 63,00,161 | 2,57,80,048 | 4.09× |
| Corporates | no separate quota | 2,48,104 | n/a |
| Individuals | no separate quota | 2,47,80,136 | n/a |
| Others | no separate quota | 7,51,808 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 4,41,01,125 | 6,13,05,464 | 1.39× |
| Cut Off | no separate quota | 5,37,15,800 | n/a |
| Price bids | no separate quota | 75,89,664 | n/a |
| Employees | 4,33,436 | 10,38,792 | 2.40× |
| Cut Off | no separate quota | 7,95,608 | n/a |
| Price Bids | no separate quota | 2,43,184 | n/a |
| Total | 8,86,42,911 | 50,58,11,384 | 5.71× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 21 Sept, 07:15 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 11% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.27 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.