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Market News

NSE IPO subscribed 1.70 times so far on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on September 21, 2026, 11:30 IST

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SUMMARY

The ₹22,561.57 crore initial share sale of the National Stock Exchange of India (NSE) comprises an offer for sale (OFS) of up to 12.64 crore shares by existing shareholders.

A lot of NSE IPO consists of 8 shares. | Image: NSEIndia.com

A lot of NSE IPO consists of 8 shares. | Image: NSEIndia.com

The initial public offering of the National Stock Exchange of India (NSE) has been subscribed 1.70 times so far on the final day of bidding on Monday, September 21. It received bids for 15,09,94,664 shares against 8,86,42,911 shares on offer, according to data available with the BSE until 11:30 am.

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The portion for non-institutional investors (NIIs) was subscribed 2.82 times and the category for retail investors got 94% subscription. The quota for qualified institutional buyers (QIBs) was subscribed 2.21 times.

CategoryReservedNo of Shares Bid ForNo of Times
Qualified Institutional Buyers2,52,07,8675,56,09,6402.21
Non-Institutional Investors1,89,00,4835,32,86,5522.82
Retail Investors4,41,01,1254,12,75,08894%
Total8,86,42,91115,09,94,6641.70

The ₹22,561.57 crore initial share sale comprises an offer for sale (OFS) of up to 12.64 crore shares by existing shareholders.

Since the issue is entirely an OFS, the proceeds from the offer will go to the existing shareholders and not to the NSE.

The exchange has set a price band of ₹1,700 to ₹1,785 per share, and a lot consists of 8 shares.

NSE IPO Day 3 Live Updates: Track Key Developments Here

It is India's second-largest public issue after automobile major Hyundai Motor India's ₹27,870-crore IPO in 2024. The issue surpassed the ₹21,000 crore offering of the Life Insurance Corporation of India in the year 2022 but remains below Hyundai Motor India's record public offer.

NSE IPO allotment and listing date

NSE IPO allotment status is likely to be finalised on Tuesday, September 22. The company's shares are expected to make their market debut on Thursday, September 24.

How to check NSE IPO allotment status on BSE

  • Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx
  • Issue type should be kept as 'Equity'
  • From the 'Issue Name' dropdown menu, select 'National Stock Exchange of India Ltd'
  • Identify yourself using either Permanent Account Number (PAN) or IPO application number.
  • Press the 'Search' button

Steps to check NSE IPO allotment status on MUFG Intime India

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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