NSE IPO Opens September 17: ₹6,746 Crore Anchor Book, GMP, Price Band, Allotment and Listing Date

NSE IPO anchor book raises ₹6,746 crore

The National Stock Exchange of India has secured ₹6,746.18 crore from anchor investors ahead of its much-awaited public issue. NSE allotted 3,77,93,739 shares to anchor investors at ₹1,785 per share, the upper end of its IPO price band. Reports said 189 anchor investors participated in the allocation.

Foreign portfolio investors contributed around ₹2,883 crore, or about 43% of the anchor book. Domestic investors contributed approximately ₹3,588 crore, accounting for around 53%. More than 25 mutual funds and 11 insurance and pension institutions participated in the domestic allocation.

Major institutional names included LIC, GIC Singapore, Abu Dhabi Investment Authority, Norges Bank, Fidelity, Goldman Sachs Asset Management and other global and domestic investors. LIC was reported as the largest individual anchor investor, receiving shares worth about ₹400.30 crore.

NSE IPO price, size and structure

The NSE IPO price band has been fixed at ₹1,700 to ₹1,785 per equity share, with a lot size of 8 shares. At the upper price, one retail lot requires an investment of ₹14,280.

The issue is entirely an Offer for Sale (OFS) of approximately 12.64 crore shares by existing shareholders. NSE itself will not receive fresh capital from the issue because there is no fresh issue component. The IPO is expected to raise around ₹22,562 crore at the upper price band.

NSE IPO important dates     IPO Details	Date
IPO Open Date            	September 17, 2026
IPO Close Date          	September 21, 2026
Price Band              	₹1,700–₹1,785
Lot Size	                8 shares
Minimum Investment	        ₹14,280
Issue Size	                About ₹22,562 crore
Issue Type	                Offer for Sale
Anchor Allocation         	September 16, 2026
Allotment Date            	September 22, 2026
Refund Initiation          	September 23, 2026
Share Credit             	September 23, 2026
NSE IPO Listing Date    	September 24, 2026

The IPO timeline published by market trackers shows September 22 as the basis-of-allotment date and September 24 as the expected listing date.

NSE IPO GMP today

The NSE IPO GMP, or grey-market premium, is an unofficial indicator and is not determined by NSE, SEBI or the stock exchanges.

The latest reported GMP before the IPO opening was around ₹180 per share. At the upper price band of ₹1,785, that indicates an implied grey-market price of roughly ₹1,965, or about 10.1% above the issue price.

However, GMP can change significantly before listing and should not be treated as a guaranteed listing price or return.

NSE IPO valuation and market debut

At the upper end of ₹1,785, NSE's implied valuation is around ₹4.42 lakh crore. The issue is expected to become one of India's largest IPOs, although it remains smaller than Hyundai Motor India's ₹27,870-crore offering in 2024.

NSE's planned listing is also significant because the exchange itself has remained unlisted for decades despite being one of India's central market-infrastructure institutions.

Key Takeaways

• NSE IPO opens: September 17, 2026
• IPO closes: September 21, 2026
• Price band: ₹1,700–₹1,785
• Lot size: 8 shares
• Minimum retail investment: ₹14,280
• Issue size: About ₹22,562 crore
• Anchor book: ₹6,746.18 crore
• Anchor investors: 189, according to reports
• Latest reported GMP: Around ₹180
• Expected allotment: September 22
• Expected listing: September 24, 2026
• Issue structure: 100% Offer for Sale
• Fresh shares issued by NSE: None

Why This Matters

The NSE IPO gives public-market investors an opportunity to participate in the ownership of India's largest stock exchange operator. The large anchor allocation ahead of the public issue provides an early indication of institutional participation, while the GMP offers a snapshot of grey-market sentiment. Investors should remember that anchor demand and GMP do not guarantee the IPO's listing price or subsequent market performance.