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NATIONAL STOCK EXCHANGE OF INDIA IPO

NOW BOARDINGNSE, BSE · MAINBOARD · EXCHANGE AND DATA PLATFORM
INDICATIVE FARE / PRICE BAND
TBA
GMP +₹273 (+0%)
BAND & GMP INDICATIVE · GMP IS UNOFFICIAL MARKET CHATTER · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 04 SEPT 2026, 21:01 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
TBA
GMP · GREY MARKET
+₹273 (+0%)
RECORDED 04 SEPT 2026, 18:32 IST
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹1
ISSUE TYPE
BOOK BUILD ISSUE
OFFER FOR SALE
14,89,05,525 SHARES
TOTAL SHARES OFFERED
14,89,05,525

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

QIB
Not more than 50% of the Net Offer
NII (HNI)
Not less than 15% of the Net Issue
RETAIL
Not less than 35% of the Net Offer
CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
41.62
EPS · POST-ISSUE
41.62
RONW
33.21%
ROCE
42.8%
ROE
32.98%
PAT MARGIN
50.98%
EBITDA MARGIN
66.85%
NAV PER SHARE
₹130
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS65,463.9869,466.6487,937.44
TOTAL INCOME16,352.0619,176.8318,713.37
PROFIT AFTER TAX8,305.7412,187.6910,302.06
EBITDA9,869.8112,646.8811,097.9
NET WORTH23,833.130,165.0531,869.72
RESERVES AND SURPLUS23,924.9130,105.8331,866.04
TOTAL BORROWING000
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)FINANCIAL STATEMENTS
National Stock Exchange of India Ltd. · THIS ISSUER41.6241.62129.7533.21Consolidated
Bse Limited60.6160.61163.666.6745Consolidated
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

Notes: All the financial information for listed industry peer is sourced from the financial information of such listed industry peer as at and for the Financial Year ended March 31, 2026 available on the website of the stock exchanges or the company. P/E Ratio has been computed based on the closing market price of Equity Shares available on NSE website as on June 12, 2026 divided by the diluted earnings per share as at and for the Financial Year ended March 31, 2026. Basic and diluted EPS from total operations as reported in the consolidated financial statement. Return on Net Worth (RoNW)% is calculated as profit for the year attributable to the owners of the National Stock Exchange of India Limited divided by Average Net Worth. Average Net Worth is calculated as the average of the Net Worth at the end of relevant period/year and beginning of the relevant period/ year. NAV per share is calculated as Equity attributable to shareholders of the Company as at March 31, 2026 divided by the total number of Equity Shares disclosed on NSE website as at March 31, 2026.

ABOUT THIS SERVICE

Incorporated in November 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. NSE provides a vertically integrated ecosystem comprising trading, clearing, settlement, listing, market data, index services, and regulatory oversight across multiple asset classes, including equities, derivatives, currency derivatives, commodities, debt securities, and mutual funds. 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, the exchange served over 253 million registered investor accounts, 129 million unique investors, 1,325 trading members, and 2,978 listed companies, with a total listed market capitalization of approximately ₹411 trillion. During Fiscal 2026, over ₹20.3 trillion was mobilized through its platform. The exchange operates on a highly scalable and resilient technology infrastructure that supports high-frequency trading, real-time market data dissemination, risk management, surveillance, and regulatory compliance. NSE plays a critical role in India's capital market ecosystem by promoting transparency, investor protection, efficient price discovery, and broad-based financial inclusion across more than 99% of Indian postal codes. As of March 31, 2026, NSE had 1,974 full-time employees, while its subsidiaries employed an additional 907 employees across technology, operations, risk management, compliance, and business functions. Key Strengths Largest stock exchange in India across key trading segments. Leading global multi-asset exchange by equity derivatives trading volumes. Strong brand built on trust, transparency, and market integrity. Vertically integrated business model covering trading, clearing, settlement, and market data services. Advanced technology platform designed for scale, resilience, and security. Well-positioned to benefit from India's growing capital markets and investor participation. Strong network effects driven by investors, listed companies, and intermediaries. Comprehensive product offerings across multiple asset classes. Consistent profitability, cash generation, and financial performance. Experienced management team with strong governance and regulatory expertise.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

BOOK-RUNNING LEAD MANAGERS
19 APPOINTED
Kotak Mahindra Capital Co.Ltd., Morgan Stanley India Co.Pvt.Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., Avendus Capital Pvt.Ltd., Dam Capital Advisors Ltd., HDFC Bank Ltd., IDBI Capital Markets & Securities Ltd., Motilal Oswal Investment Advisors Ltd., Pantomath Capital Advisors Pvt.Ltd., JM Financial Ltd., Citigroup Global Markets India Pvt.Ltd., JP Morgan India Pvt.Ltd., Anand Rathi Advisors Ltd., Axis Capital Ltd., Equirus Capital Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., Nuvama Wealth Management Ltd., 360 One WAM Ltd.
REGISTRAR TO THE ISSUE
NAME
MUFG Intime India Pvt.Ltd.
PHONE
022-49186000
THE COMPANY
PHONE
+91 22 2659 8100
REGISTERED OFFICE
Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the National Stock Exchange of India IPO price band?+

The price band for the National Stock Exchange of India IPO has not been announced yet. It is set by the company and its bankers and stated in the offer document.

Where will National Stock Exchange of India be listed?+

National Stock Exchange of India is proposed for listing on NSE, BSE. It is a mainboard issue.

What is the grey market premium (GMP) for the National Stock Exchange of India IPO?+

The last GMP we recorded is +₹273 (+0%), as at 04 SEPT 2026, 18:32 IST. GMP is unofficial grey-market chatter. It is not a quote from any exchange, it is not a price anyone is obliged to honour, it moves through the day and it often does not match the eventual listing price. We publish it as information only.

Who is the registrar for the National Stock Exchange of India IPO?+

The registrar to the issue is MUFG Intime India Pvt.Ltd. (022-49186000), nse.ipo@in.mpms.mufg.com.

Where can I check the National Stock Exchange of India IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

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PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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