NSE IPO GMP History
NSE IPO has been listed on September 24, 2026 at a listing price of ₹1800, against the issue price of ₹1785 — a gain of ₹15 (+0.84%). The GMP peaked at ₹218 on 11 September 2026 and reached a low of ₹39 on 24 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
NSE IPO raised ₹22561.57 Cr. through its IPO at a price band of ₹1700 to ₹1785 per share, with a lot size of 8 shares. The IPO was open for subscription from 17 Sep 2026 to 21 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 25 Sep, 12:03 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 24 Sep 2026 | ₹ 39 | ▼ | 2.18% | ₹ 300 | ₹ 300 |
| 23 Sep 2026 | ₹ 42 | ▼ | 2.35% | ₹ 300 | ₹ 300 |
| 22 Sep 2026 | ₹ 43 | ▼ | 2.41% | ₹ 300 | ₹ 300 |
| 21 Sep 2026 | ₹ 65 | ▲ | 3.64% | ₹ 400 | ₹ 400 |
| 20 Sep 2026 | ₹ 48 | ▼ | 2.69% | ₹ 200 | ₹ 300 |
| 19 Sep 2026 | ₹ 61 | ▼ | 3.42% | ₹ 500 | ₹ 400 |
| 18 Sep 2026 | ₹ 111 | ▼ | 6.22% | — | — |
| 17 Sep 2026 | ₹ 142 | ▼ | 7.96% | — | — |
| 16 Sep 2026 | ₹ 158 | ▼ | 8.85% | — | — |
| 15 Sep 2026 | ₹ 160 | ▼ | 8.96% | — | — |
| 14 Sep 2026 | ₹ 208 | ▼ | 11.65% | — | — |
| 13 Sep 2026 | ₹ 210 | ▲ | 11.76% | — | — |
| 12 Sep 2026 | ₹ 208 | ▼ | 11.65% | — | — |
| 11 Sep 2026 | ₹ 218 | — | 12.21% | — | — |
NSE IPO dates
Key dates from opening to listing. Today is 25 October.
- Open 17 Sep 2026
- Close 21 Sep 2026
- Allotment 22 Sep 2026
- Refund/credit 23 Sep 2026
- Listing 24 Sep 2026
NSE IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹1785 |
|---|---|
| GMP-based estimate (pre-listing) | ₹1824 (+2.2%) |
| Listing gain / loss | +₹15 per share |
| Listing date | 24 Sep, 2026 |
| Actual listing price | ₹1800 (+0.84%) |
Is NSE IPO GMP reliable?
Grey market premium for NSE IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the NSE IPO full review for a fundamentals-based assessment before making any grey market trades.
NSE IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for NSE IPO was Retail: ₹300, SHNI: ₹900, BHNI: ₹4000. This is the fixed amount a grey market buyer pays for your IPO application — regardless of whether you receive allotment.
The Subject to Sauda price was Retail: ₹300, BHNI: ₹4500. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About NSE IPO
National Stock Exchange of India Limited, known as NSE, was set up in November 1992. It is India's largest stock exchange and one of the leading multi-asset exchanges in the world.
It runs what is called a vertically integrated ecosystem, which means it handles the whole chain rather than one part of it. This covers trading, clearing, settlement, listing of companies, market data, index services and regulatory oversight, across equities, derivatives, currency derivatives, commodities, debt securities and mutual funds. It has held the leading position in India in cash market turnover, in equity derivatives and in currency derivatives.
As on 31 March 2026 the exchange had more than 253 million registered investor accounts and 129 million unique investors, 1,325 trading members and 2,978 listed companies, with total listed market capitalisation of about Rs 411 trillion. During FY2026 more than Rs 20.3 trillion was raised through its platform. It runs on a large technology setup that handles high frequency trading, live market data, risk management, surveillance and compliance, and it reaches more than 99% of Indian postal codes. As on 31 March 2026 it had 1,974 full time employees, with another 907 employed across its subsidiaries.
Frequently asked
What is the GMP of NSE IPO?
The current Grey Market Premium (GMP) of NSE IPO is ₹ 39.
What is the Kostak Price of NSE IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for NSE IPO is Retail: ₹300, SHNI: ₹900, BHNI: ₹4000.
What is the Subject to Sauda Price of NSE IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹300, BHNI: ₹4500.
What was the actual listing price of NSE IPO?
NSE IPO listed on September 24, 2026 at ₹1800, against the issue price of ₹1785 — a gain of +0.84%.
How did the GMP of NSE IPO trend before listing?
The GMP of NSE IPO was falling in its final days before listing. The GMP peaked at ₹218 on 11 September 2026. View the day-wise table above for the complete GMP history.
Explore NSE IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
