Reviewed by BuyUnlistedShares Research Desk.
Introduction
The National Stock Exchange (NSE) is bringing its long-awaited public issue to the market in September 2026. As one of India's most prominent stock exchanges, its IPO has drawn significant attention from retail and institutional investors alike. This blog breaks down all the key details of the IPO — from important dates and price band to financial performance and the application process — in a simple, easy-to-understand format.
Key IPO Details
Particular | Details | Particular | Details |
IPO Open Date | September 21, 2026 (Tentative) | IPO Close Date | September 23, 2026 (Tentative) |
Face Value | ₹1 per equity share | Issue Type | Book Building Issue |
Listing At | BSE | Allotment Date | September 24, 2026 |
Offer for Sale | Approx. 14,89,05,525 equity shares | Listing Date | September 28, 2026 |
Note: The exact price band and total issue size figures are yet to be officially disclosed and will be updated once announced by the exchange.
Reservation / Investor Quota
• Qualified Institutional Buyers (QIB): 50% of the issue
• Non-Institutional Investors (NII / HNI): 15% of the issue
• Retail Individual Investors: 35% of the issue
Important IPO Dates
Event | Date |
IPO Open Date | September 21, 2026 (Tentative) |
IPO Close Date | September 23, 2026 (Tentative) |
Basis of Allotment | September 24, 2026 |
Refunds Initiated | September 25, 2026 |
Credit to Demat Account | September 25, 2026 |
IPO Listing Date | September 28, 2026 |
Financial Performance
Here is a snapshot of the company's recent financial performance (figures in ₹ Crores):
Period Ended | Revenue | Profit After Tax (PAT) | Total Assets |
FY 2024 | 16,352.06 | 8,305.74 | 65,463.98 |
FY 2025 | 19,176.83 | 12,187.69 | 69,466.64 |
FY 2026 | 18,713.37 | 10,302.06 | 87,937.44 |
• Revenue moderated slightly in FY2026 compared to FY2025.
• Profit after tax also declined year-on-year from FY2025 to FY2026.
• Total assets have shown consistent growth across the three-year period.
Key Valuation Metrics (FY2026)
Metric | Value |
Return on Equity (ROE) | 32.98% |
Return on Capital Employed (ROCE) | 42.80% |
PAT Margin | 50.98% |
Earnings Per Share (EPS, Basic) | ₹41.62 |
Return on Net Worth (RoNW) | 33.21% |
Net Asset Value (NAV) | ₹129.75 |
About the Exchange
The National Stock Exchange was established in 1992 and recognised as a stock exchange by SEBI in April 1993, with trading operations commencing in 1994. Today, it stands as one of the largest and most technologically advanced exchanges globally, offering trading across equities, derivatives, and debt instruments. It is widely known for its strong corporate governance standards and robust, secure trading infrastructure that serves a broad base of investors.
How to Apply for an IPO
• Through ASBA (Applications Supported by Blocked Amount) via your bank's net-banking portal.
• Through UPI-based ASBA using your stock broker's trading app.
• Through the offline route by filling out a physical application form via your broker.
Points to Keep in Mind Before Applying
• Always read the official Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) filed with SEBI before applying.
• Track the final price band, lot size, and issue size once officially announced, as these are subject to change.
• Understand the applicable investor quota (Retail, NII, QIB) and eligibility criteria for each category.
• Review the company's financial history, including revenue, profit trends, and valuation ratios.
• Keep an eye on official allotment and listing dates to plan fund allocation and demat account credit.
• This blog is for informational purposes only and does not constitute investment advice; readers should consult a qualified financial advisor and refer to official regulatory sources before making any investment decision.
Frequently Asked Questions (FAQs)
1. What is the NSE IPO?
The NSE IPO refers to the initial public offering of the National Stock Exchange, structured as a Book Building Issue that will be listed on the BSE.
2. When does the NSE IPO open for subscription?
The IPO is tentatively scheduled to open on September 21, 2026, and close on September 23, 2026.
3. What is the face value of NSE IPO shares?
Each equity share carries a face value of ₹1.
4. What is the investor reservation quota for this IPO?
Qualified Institutional Buyers (QIB) get 50%, Non-Institutional Investors (NII) get 15%, and Retail Investors get 35% of the issue.
5. Where will the NSE IPO be listed?
The shares are proposed to be listed on the BSE.
6. What is the tentative allotment date?
The basis of allotment is expected to be finalised on September 24, 2026.
7. When will the shares be credited to the demat account?
Refunds and demat credit are expected around September 25, 2026.
8. What is the expected listing date?
The tentative listing date on the BSE is September 28, 2026.
9. How can investors apply for the NSE IPO?
Investors can apply via ASBA through their bank's net-banking portal, UPI-based ASBA through a broker's app, or through an offline application form via a broker.
10. Where can investors check the price band and issue size?
The final price band and total issue size will be updated on official exchange and regulatory sources once formally announced.
Disclaimer
This blog is prepared purely for educational and informational purposes. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any securities. Stock market and IPO investments are subject to market risks. Readers are strongly advised to read all official offer documents carefully and consult a qualified, SEBI-registered financial advisor before making any investment decision.