NSE IPO Subscription Status
NSE IPO was subscribed 5.71 times when bidding closed on 21 Sep 2026: QIB 12.68x, NII 6.55x, Retail 1.39x.
The National Stock Exchange of India IPO has been subscribed 5.71x times overall. Retail investors have shown interest with bids for 1.39x the shares available. The Non-Institutional Investor (NII) category has been subscribed 6.55x. Within NII, Big HNI (B-HNI) subscribed 7.78x and Small HNI (S-HNI) subscribed 4.09x. Qualified Institutional Buyers (QIBs) have subscribed 12.68x. Data last updated on 25 Sep, 12:03 AM.
The IPO subscription period has ended. The issue opened on 17 Sep, 2026 and closes on 21 Sep, 2026. The shares are expected to list on stock exchanges on 24 Sep, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 31,97,15,504 of 2,52,07,867 293 applications 57,069.22 Cr | 12.68x |
| NII | 12,37,51,624 of 1,89,00,483 2,98,703 applications 22,089.66 Cr | 6.55x |
bHNI — bid amount above ₹10 Lakh |
9,79,71,576 1,30,753 applications 17,487.93 Cr | 7.78 |
sHNI — bid amount ₹2–10 Lakh |
2,57,80,048 1,67,950 applications 4,601.74 Cr | 4.09 |
| Retail | 6,13,05,464 of 4,41,01,125 33,09,193 applications 10,943.03 Cr | 1.39x |
| Employee | 10,38,792 of 4,33,436 2,265 applications 185.42 Cr | 2.4x |
| TOTAL | 50,58,11,384 36,10,454 applications 90,287.33 Cr | 5.71x |
National Stock Exchange of India IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹1,785, employees ₹1,615.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| QIB 5.68x subscribed | 482 | 393 | 3 out of 43 out of 4 |
|
Ex. Anchor
Ex. Anchor
|
293 | 293 | AllAll allotted |
|
Anchor
Anchor Investors
|
189 | 100 | 1 out of 21 out of 2 |
| NII (HNI) 6.43x subscribed | 2,98,703 | 1,57,587 | 1 out of 21 out of 2 |
|
bNII >₹10L
bNII — above ₹10 Lakh
|
1,30,753 | 1,05,058 | 3 out of 43 out of 4 |
|
sNII <₹10L
sNII — below ₹10 Lakh
|
1,67,950 | 52,529 | 1 out of 31 out of 3 |
| Retail 1.33x subscribed | 33,09,193 | 33,09,193 | AllAll allotted |
| Employees 0.85x subscribed | 2,265 | 2,265 | AllAll allotted |
| TOTAL 4.26x subscribed | 36,10,643 | 34,69,438 | 12 out of 1312 out of 13 |
National Stock Exchange of India IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 71.9% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 12.68x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
21 Sep 2026
Day 3 |
5.71x | ▼ | |
|
QIB12.68x
BHNI7.78x
SHNI4.09x
Retail1.39x
Employee2.4x
|
|||
|
18 Sep 2026
Day 2 |
1.16x | ▼ | |
|
QIB1.53x
BHNI1.6x
SHNI1.83x
Retail0.72x
Employee1.53x
|
|||
|
17 Sep 2026
Day 1 |
0.43x | ▼ | |
|
QIB0.19x
BHNI0.62x
SHNI0.94x
Retail0.44x
Employee0.98x
|
|||
National Stock Exchange of India IPO dates
From the bidding window to listing. Today is 26 October.
- Open 17 Sep 2026
- Close 21 Sep 2026
- Allotment 22 Sep 2026
- Refund/credit 23 Sep 2026
- Listing 24 Sep 2026
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of National Stock Exchange of India IPO?
As of IPO close date (21 Sep, 2026), the National Stock Exchange of India IPO is subscribed 5.71x times. Retail category is 1.39x, and NII is 6.55x subscribed.
When is the allotment date for National Stock Exchange of India IPO?
The allotment for National Stock Exchange of India IPO is expected to be finalized on 22 September, 2026.
What is the GMP of National Stock Exchange of India?
The Grey Market Premium (GMP) for National Stock Exchange of India is currently ₹39, indicating a potential listing gain of 2.18%.
When will National Stock Exchange of India IPO list on the stock market?
National Stock Exchange of India is scheduled to list on BSE and NSE on 24 September, 2026.
What are the chances of getting allotment in National Stock Exchange of India IPO?
The retail category is oversubscribed at 1.39x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 12.68x mean for National Stock Exchange of India IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 12.68x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check National Stock Exchange of India IPO allotment status?
After the allotment date (22 Sep, 2026), you can check your National Stock Exchange of India IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore National Stock Exchange of India IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
