National Stock Exchange of India Limited (NSE) has fixed the price band for its initial public offering (IPO) at Rs 1,700-Rs 1,785 per equity share, setting the stage for one of the country’s most closely watched market offerings. The IPO will open on September 17 and close on September 21, 2026, with anchor investor bidding scheduled for September 16. The minimum bid is eight shares and in multiples of eight thereafter.
The offer comprises up to 126.44 million equity shares through an offer for sale by existing shareholders, including State Bank of India, Canada Pension Plan Investment Board, Aranda Investments (Mauritius), New India Assurance and other financial institutions. At the upper price band, the offer represents a potential value of about Rs 2.26 lakh crore. The issue will follow the book-building route, with up to 50% reserved for QIBs, at least 15% for NIIs and at least 35% for retail investors.
NSE enters the IPO with strong operating metrics. It reported June 2026 quarter revenue of Rs 4,560 crore against Rs 4,032 crore a year earlier, while net profit rose to Rs 3,121 crore from Rs 2,811 crore. As of June 30, NSE had 132.37 million unique registered investors, 3,005 listed entities and listed-entity market capitalisation of Rs 474.08 trillion. The shares are proposed to be listed on BSE.