National Stock Exchange of India IPO GMP Today and Kostak Price
National Stock Exchange of India IPO Grey Market Premium (GMP) today stands at ₹ 0, indicating cautious or neutral market sentiment ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
National Stock Exchange of India IPO is scheduled to open for subscription on September 16, 2026. The public issue aims to raise around TBA and is offered in a price band of TBA per share, with a market lot of TBA shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
Table of Contents
- National Stock Exchange of India IPO GMP Today
- National Stock Exchange of India IPO GMP Trend History
- National Stock Exchange of India IPO Dates
- Expected Listing Price
- Is National Stock Exchange of India IPO GMP Reliable?
- Kostak Rate Explained
- About National Stock Exchange of India IPO
- Frequently Asked Questions
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
National Stock Exchange of India IPO Dates
| Event | Date |
|---|---|
| Open Date | 16 Sep, 2026 |
| Close Date | 18 Sep, 2026 |
| Allotment Date | 21 Sep, 2026 |
| Refund Date | 22 Sep, 2026 |
| Credit to Demat | 22 Sep, 2026 |
| Listing Date | 23 Sep, 2026 |
National Stock Exchange of India IPO Expected Listing Price
| Basis | Value |
|---|---|
| Issue Price (Upper Band) | TBA |
| Current GMP | ₹ 0 |
| GMP-Based Listing Estimate | Not yet available |
| Listing Date | 23 Sep, 2026 |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is National Stock Exchange of India IPO GMP Reliable?
Grey market premium for National Stock Exchange of India 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:
- Subscription 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?
- Timing 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.
- Grey 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.
- Cross-check before acting: Review the National Stock Exchange of India IPO full review for a fundamentals-based assessment before making any grey market trades.
National Stock Exchange of India IPO IPO Kostak Rate Explained
The Kostak rate for National Stock Exchange of India IPO is currently not active. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price has not been quoted yet. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About National Stock Exchange of India IPO
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.
Strengths & Risks
Strengths
- ✓ The company is completely debt free. Total borrowing was nil in FY2024, FY2025 and FY2026, against a net worth of Rs 31,869.72 crore.
- ✓ The margin is exceptional. Profit after tax of Rs 10,302.06 crore on total income of Rs 18,713.37 crore is a PAT margin of 50.98%, with an EBITDA margin of 66.85%.
- ✓ Return ratios are very high, with RoCE of 42.80% and RoNW of 33.21%.
- ✓ It is the largest stock exchange in India and has held the leading position in cash market turnover, equity derivatives and currency derivatives.
- ✓ The scale is enormous, with over 253 million registered investor accounts, 129 million unique investors, 2,978 listed companies and about Rs 411 trillion of listed market capitalisation as on 31 March 2026.
- ✓ It earns across the whole chain, from trading and clearing to settlement, listing fees, market data and index services, so it is not dependent on one revenue line.
- ✓ Running an exchange needs a licence from SEBI and enormous technology and surveillance infrastructure, which makes it close to impossible for a new competitor to replicate.
- ✓ Reach extends to more than 99% of Indian postal codes, and Rs 20.3 trillion was raised on its platform during FY2026.
Risks
- ⚠ Profit fell sharply in the latest year. Profit after tax came down 15% from Rs 12,187.69 crore in FY2025 to Rs 10,302.06 crore in FY2026, and total income also fell from Rs 19,176.83 crore to Rs 18,713.37 crore.
- ⚠ The price band, issue size and lot size have not been announced yet, so the valuation of this issue cannot be judged at this stage and no P/E is available.
- ⚠ Earnings depend directly on market turnover. A prolonged fall in trading volumes, particularly in derivatives, would cut revenue with no cost offset.
- ⚠ This is a heavily regulated business. SEBI decisions on derivative lot sizes, expiry frequency and transaction charges directly change how much the exchange earns, and such rules have been tightened in recent years.
- ⚠ A large share of income comes from the derivatives segment, so any regulatory or behavioural shift away from derivatives trading has an outsized effect.
- ⚠ No promoter is named in the data available to us and the pre-issue promoter holding is shown as not applicable, so there is no promoter group standing behind the company.
- ⚠ Exchanges attract regulatory scrutiny and litigation as a matter of course, and any adverse finding carries both financial and reputational cost.
- ⚠ Total assets grew from Rs 69,466.64 crore to Rs 87,937.44 crore while profit fell, so the additional capital employed has not yet translated into earnings.
Frequently Asked Questions about National Stock Exchange of India IPO
What is the GMP of National Stock Exchange of India IPO?
The current Grey Market Premium (GMP) of National Stock Exchange of India IPO is not yet started or active in the market.
What is the Kostak Price of National Stock Exchange of India IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for National Stock Exchange of India IPO is currently not available.
What is the Subject to Sauda Price of National Stock Exchange of India IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What is the expected listing price of National Stock Exchange of India IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for National Stock Exchange of India IPO. Check back closer to the subscription date.
Is the GMP of National Stock Exchange of India IPO increasing or decreasing?
The GMP of National Stock Exchange of India IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore National Stock Exchange of India IPO Further
For a complete picture before making your investment decision, explore these resources:
