NSE IPO listing date: GMP drops to 2.5% ahead of market debut tomorrow; check allotment status, other key…

New business data points to the fact that The National Stock Exchange of India (NSE) IPO is set to make its equity market debut on September 24, with market participants now turning their attention to the anticipated stock-exchange debut price after the offering attracted healthy demand during its three-day bidding period.

The Rs 22,569-crore IPO, which closed for subscription on September 21, was subscribed 5.71 times overall, receiving bids for around 50.58 crore shares against 8.86 crore shares on offer, according to exchange data. The offering drew particularly firm interest from institutional market participants, with the qualified institutional buyers (QIB) portion subscribed 12.68 times. The non-institutional investor (NII) category was subscribed 6.55 times, while the retail portion was subscribed 1.39 times.

The NSE shares are scheduled to list on the stock exchange on September 24, 2026. The IPO's basis of allotment was scheduled for September 22, while shares are anticipated to be credited to successful applicants' demat accounts on September 23.

The GMP, that stated, has fallen sharply from marks noted before the IPO opened. According to InvestorGain, the NSE IPO GMP was Rs 45.5 on September 22. At the upper end of the IPO price range of Rs 1,785, this points to an indicative price of around Rs 1830.5, or a premium of approximately 2.55 percent over the offering price.

Grey market premiums are unofficial indicators and are not regulated. They can change before the stock-exchange debut and do not guarantee the actual price at which NSE shares will begin trading.

Market participants who applied for the offering can check their allotment status through MUFG Intime India, the registrar to the IPO. The status can additionally be checked through the NSE and BSE platforms.

The NSE IPO was offered in a price range of Rs 1,700 – Rs 1,785 per share. The lot size was set at eight shares, meaning retail market participants had to invest a minimum of Rs 14,280 at the upper end of the price range.

The offering is entirely an offer for sale (OFS) of 12.64 crore equity shares. There is no fresh offering component, which means NSE itself will not receive proceeds from the IPO. The money boosted, after offering-related expenses, will go to the existing shareholders selling their shares.

The firm had additionally boosted around Rs 6,746 crore from anchor market participants on September 16 by allotting 3.78 crore shares at Rs 1,785 apiece.

The National Stock Exchange is India's largest stock exchange by trading activity across several key asset classes. According to the figures provided for the three months ended June 2026, NSE had a 93.05 percent share of the cash market, 99.72 percent of equity futures and 68.48 percent of equity options based on the relevant turnover measures.