National Stock Exchange of India IPO
Issue details, the company's financials from its prospectus, subscription and key dates, explained in plain English. Data from NSE and the Red Herring Prospectus.
About the issue
National Stock Exchange of India Limited was open for subscription from 17 Sep 2026 to 21 Sep 2026. The issue size is ₹22,569 cr. One lot of 8 shares costs ₹14,280 at the upper end of the price band. The shares are listed on BSE only, not on NSE, so this page has no listing-day or later price data.
What the numbers show
- Revenue from operations grew from ₹14,780 cr in FY24 to ₹16,601 cr in FY26, about 6% a year.
- Profit after tax rose from ₹8,306 cr to ₹10,302 cr, and the profit margin improved from 56.2% to 62.1%.
- Return on net worth declined from 37.6% to 33.2%.
- The entire issue is an offer for sale: the money goes to the selling shareholders, and the company raises nothing.
- The issue was subscribed 5.71× overall (QIBs 12.68×, non-institutional investors 6.55×, retail investors 1.39×).
These points are calculated from the prospectus and NSE data. They describe the company; they are not a recommendation to apply or not.
Financial performance
| ₹ crore unless stated | FY24 | FY25 | FY26 | Jun 2025 (3 months) | Jun 2026 (3 months) |
|---|---|---|---|---|---|
| Revenue from operations | 14,780 | 17,141 | 16,601 | 4,032 | 4,560 |
| Total income | 16,352 | 19,177 | 18,713 | 4,798 | 5,252 |
| EBITDA | 11,624 | 16,021 | 14,519 | 3,926 | 4,332 |
| Profit after tax | 8,306 | 12,188 | 10,302 | 2,924 | 3,120 |
| Profit margin | 56.2% | 71.1% | 62.1% | 72.5% | 68.4% |
| Net worth | 23,974 | 30,353 | 32,114 | 33,331 | 35,244 |
| EPS (diluted) | ₹33.56 | ₹49.24 | ₹41.62 | ₹11.81 | ₹12.61 |
| Return on net worth | 37.6% | 45.1% | 33.2% | 9.3% | 9.3% |
| NAV per share | ₹96.86 | ₹122.64 | ₹129.75 | ₹134.67 | ₹142.40 |
Valuation at the upper price band
| Measure | Value | How it is calculated |
|---|---|---|
| Market capitalisation | ₹4,41,788 cr | Shares after the issue × ₹1,785 |
| P/E (pre-issue EPS) | 42.9× | ₹1,785 ÷ earnings per share of the latest full year, before the new shares |
| P/E (post-issue) | 42.9× | Market capitalisation ÷ latest full-year profit after tax |
| Price to book | 12.54× | ₹1,785 ÷ book value per share (latest net worth ÷ shares before the issue) |
Subscription
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers(QIBs) | 2,52,07,867 | 31,97,15,504 | 12.68× |
| Non Institutional Investors | 1,89,00,483 | 12,37,51,624 | 6.55× |
| Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 1,26,00,322 | 9,79,71,576 | 7.78× |
| Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 63,00,161 | 2,57,80,048 | 4.09× |
| Retail Individual Investors(RIIs) | 4,41,01,125 | 6,13,05,464 | 1.39× |
| Employees | 4,33,436 | 10,38,792 | 2.40× |
| Total | 8,86,42,911 | 50,58,11,384 | 5.71× |
Frequently asked questions
What is the price band of the National Stock Exchange of India IPO?
The price band is ₹1,700–1,785 per share, for shares with a face value of ₹1.
What is the lot size and minimum investment?
Bids are made in lots of 8 shares, so one lot costs ₹14,280 at the upper end of the price band.
When does the National Stock Exchange of India IPO open and close?
Bidding opened on 17 Sep 2026 and closed on 21 Sep 2026.
How many times was the National Stock Exchange of India IPO subscribed?
It was subscribed 5.71× overall, according to NSE bid data.
Where can I check the allotment status?
The registrar to the issue is MUFG Intime India Private Limited (formerly Link Intime India Private Limited). Allotment status can be checked on the registrar's website with your PAN or application number, and on the NSE and BSE websites, usually a day or two after the issue closes.
Is this a recommendation to apply?
No. This page summarises public information so you can read the prospectus with the key numbers in mind. Whether to apply depends on your own goals and risk tolerance; consider speaking to a SEBI-registered investment adviser.
Data: NSE (issue details, bids, prices) and the company's Red Herring Prospectus filed with SEBI. Figures are reproduced and converted with care but may contain errors; check the prospectus before making any decision. This page is for information and education only. It is not a recommendation to apply for, buy or sell any security. See our disclaimer.