National Stock Exchange i.e. NSE has announced the price band of its IPO. The company fixed the price band of the issue at ₹1,700 to ₹1,785 per share. The company plans to raise about ₹22,562 crore from this issue. The total valuation of the company at the upper price band is estimated at ₹4.42 lakh crore. This initial public offer of NSE will open for subscription on September 17 and investors will be able to bid in it till September 21. The allocation of shares for anchor investors i.e. big investors will be done on September 16. NSE shares may be listed on September 24. Allotment of shares under IPO will take place on September 22. Those who will not be allotted shares, their refund will be processed on September 23. On the same day, the shares will be credited to the demat account of the investors who have been allotted shares. The company’s shares are likely to be listed on BSE on September 24. What is the minimum and maximum amount that retail investors can invest? For this IPO, retail investors can apply for minimum one lot i.e. 8 shares. If you apply for 1 lot at the upper price band of IPO at ₹1785, you will have to invest ₹14,280. Whereas retail investors can bid for a maximum of 14 lots i.e. 112 shares of IPO. For which investors will have to invest a maximum of ₹ 1,99,920. 35.35% of the company’s issue has been reserved for retail investors. About 50% of the company’s issue has been reserved for Qualified Institutional Buyers (QIB). Apart from this, about 35% share is reserved for retail investors and about 15% share is reserved for non-institutional investors (NII). IPO is completely OFS, 12.64 crore shares will be sold. According to the company’s Red Herring Prospectus (RHP), the number of shares to be sold under the IPO has been reduced from 14.89 crore to 12.64 crore. This offer will be completely an Offer for Sale (OFS), that is, no new shares will be issued under it. This sale represents about 5.1% of the total equity capital of the company, of which it was earlier proposed to sell 6%. SEBI had approved the DRHP of the company on September 4. The net proceeds, i.e. the amount remaining after tax and expenses, will be completely given to the existing shareholders selling the shares. The main objective of this IPO is only to make listing and OFS easier. The issue size has been reduced by about 15% compared to the company’s draft red herring prospectus (DRHP) filed in June 2026. Market regulator SEBI had approved this DRHP on 4 September 2026. SBI is the largest selling shareholder in the issue, some companies reduced stake MUFG Intime India is the registrar of the issue A total of 20 merchant bankers including Kotak Mahindra Capital, JM Financial, Morgan Stanley, Citigroup, SBI Capital and HDFC Bank have been appointed to handle this mega IPO. MUFG is the registrar to the Intime India issue. Financial performance: NSE’s net profit declined by 15.5% in FY26 NSE’s net profit declined by 15.5% to ₹10,302.1 crore in FY26, from ₹12,187.7 crore last year. During this period, the total income of the company also declined by 3.1% to ₹ 16,601.3 crore. However, the performance of NSE has improved in the first quarter (June 2026) of the current financial year. Quarterly profit rose 6.7% to ₹3,120.1 crore, while revenue rose 13.1% to ₹4,560.4 crore. What is Offer for Sale (OFS)? Offer for sale in IPO means that the company itself is not raising new funds from the market by issuing new shares, but the old or existing investors of the company like promoters or big banks are selling some part of their stake to the general public. All the money received from this does not go to the company’s account and goes directly to the shareholders who are selling their shares.
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NSE fixed the price band of IPO at ₹ 1700-1785: Investors will be able to bid from 17 to 21 September; The company will raise ₹22,562 crore from the issue
