National Stock Exchange of India IPO Price: ₹1700 to ₹1785 per share
IPO Dates: 17 to 21 Sept, 2026
Company Overview
Incorporated in 1992, National Stock Exchange of India Limited (NSE) is India’s largest stock exchange and one of the world’s leading multi-asset exchange platforms. It provides a vertically integrated ecosystem covering trading, clearing, settlement, listing, market data, index services, and regulatory oversight across equities, derivatives, currency derivatives, commodities, debt securities, and mutual funds.
As of June 30, 2026, NSE served more than 261.36 million registered investor accounts and 129 million unique investors. It had 1,328 trading members and 3,005 listed companies, with total listed market capitalisation of approximately ₹474.08 trillion.
Business Operations
NSE operates across multiple asset classes and provides a range of trading and market infrastructure services. Its ecosystem includes trading, clearing, settlement, listing, market data, index services, and regulatory oversight.
The exchange also operates non-trading businesses through its subsidiaries and other services:
- NSE Clearing Ltd. provides clearing services. In Fiscal 2026, it had a market share of 88.42% in the cash market, 91.04% in equity derivatives, and 74.09% in exchange-traded derivatives.
- NSE Indices Ltd. develops and manages a wide range of indices.
- NSE Data and Analytics Ltd. provides real-time market data, benchmark data, fixed-income valuations, data analytics, and analytical tools to institutional investors, asset managers, and regulators.
- NSE International Exchange provides foreign currency-denominated trading services.
- Other services include mutual fund registry, back-end exchange support services, and e-corporate governance.
Market Position
NSE has consistently maintained its leadership position in India in cash market turnover, equity derivatives trading, and currency derivatives trading.
As of March 31, 2026, its market share based on total turnover stood at:
- 99.79% in the cash market.
- 74.71% in the equity futures market.
- 99.48% in equity options.
- 100% in exchange-traded currency options, based on total premium turnover.
Customer Base
As of June 30, 2026, NSE served over 261.36 million registered investor accounts, representing 129 million unique investors. The exchange also had 1,328 trading members and 3,005 listed companies.
Technology Infrastructure
NSE operates a scalable and resilient technology infrastructure supporting high-frequency trading, real-time market data dissemination, risk management, surveillance, and regulatory compliance.
The exchange’s infrastructure enables it to support broad-based financial inclusion across more than 99% of Indian postal codes.
Role in India’s Capital Markets
NSE plays a critical role in India’s capital market ecosystem by promoting transparency, investor protection, efficient price discovery, and financial inclusion. Its vertically integrated business model covers trading, clearing, settlement, market supervision, and related market infrastructure services.
Key Strengths
- Market leader in India, providing a liquid market for stakeholders.
- Well-positioned to benefit from India’s structural growth.
- Strong brand associated with trust, efficiency, and transparency across its trading, clearing, settlement, and market supervisory functions.
- Track record of comprehensive and innovative offerings through a vertically integrated business model.
- Technology platform designed for scale and resilience.
- Comprehensive product offerings across multiple asset classes.
- Consistent profitability, cash generation, and financial performance.
- Experienced management team with strong governance and regulatory expertise.
Bidding Starts In
National Stock Exchange of India Limited IPO Specifics:
| IPO Date | 17 to 21 Sep, 2026 |
| Listing Date | Thu, Sep 24, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹1700 to ₹1785 |
| Lot Size | 8 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Employee Discount | ₹170.00 |
| Total Issue Size |
12,64,36,650 shares (agg. up to ₹22,562 Cr) |
| Offer for Sale |
12,64,36,650 shares of ₹1 (agg. up to ₹22,562 Cr) |
| Share Holding Pre Issue | 2,47,50,00,000 shares |
| Share Holding Post Issue | 2,47,50,00,000 shares |
National Stock Exchange of India IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Thu, Sep 17, 2026 |
| IPO Close | Mon, Sep 21, 2026 |
| Allotment | Tue, Sep 22, 2026 |
| Refund | Wed, Sep 23, 2026 |
| Credit of Shares | Wed, Sep 23, 2026 |
| Listing | Thu, Sep 24, 2026 |
National Stock Exchange of India Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 8 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8 | ₹14,280 |
| Retail (Max) | 14 | 112 | ₹1,99,920 |
| S-HNI (Min) | 15 | 120 | ₹2,14,200 |
| S-HNI (Max) | 70 | 560 | ₹9,99,600 |
| B-HNI (Min) | 71 | 568 | ₹10,13,880 |
National Stock Exchange of India Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Issue |
National Stock Exchange of India Limited IPO Financial Information
| Particulars (₹ Cr) | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 91,334.07 | 87,937.44 | 69,466.64 | 65,463.98 |
| Total Income | 5,252.17 | 18,713.37 | 19,176.83 | 16,352.06 |
| Profit After Tax | 3,120.08 | 10,302.06 | 12,187.69 | 8,305.74 |
| EBITDA | 4,332.04 | 14,519.09 | 16,021.36 | 11,623.83 |
| NET Worth | 34,983.74 | 31,869.72 | 30,165.05 | 23,833.10 |
| Reserves and Surplus | 34,996.73 | 31,866.04 | 30,105.83 | 23,924.91 |
Key Performance Indicator- National Stock Exchange of India Limited IPO
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 9.26% | 32.98% |
| ROCE | 11.55% | 42.80% |
| RoNW | 33.21% | 33.21% |
| PAT Margin | 58.78% | 50.98% |
| NAV | 142.40 | 129.75 |
| Price to Book Value | 12.54 | 13.76 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 41.62 | 50.43 |
| P/E (x) | 42.89 | 35.4 |
| Market Cap at Offer Price | ₹0 Cr. | ₹4,41,787.50 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
National Stock Exchange of India Limited IPO DRHP
National Stock Exchange of India Limited IPO RHP
Kaashika is a social media strategist and financial content creator at Lakshmishree. She specialises in simplifying complex IPO and stock market concepts into clear, easy-to-understand content. Having created over 500+ pieces of financial content across reels, blogs, website posts and digital creatives, Kaashika helps audiences connect with the world of finance in a more accessible and engaging way.
