NSE IPO Subscription Opens Today: GMP and Key Details 

The NSE IPO subscription opened on September 17, giving investors their first opportunity to participate in the National Stock Exchange’s much-awaited public offering. NSE has fixed the price band at ₹1,700 to ₹1,785 per share, with the issue set to close on September 21. 

The ₹22,569 crore offering is the country’s second-largest public issue, behind Hyundai Motor India’s ₹27,870 crore IPO in 2024. The issue is structured entirely as an offer for sale (OFS), with 12.64 crore shares being offered. 

The NSE IPO subscription comes with a minimum retail lot of eight shares. At the upper price band of ₹1,785, a retail investor would need ₹14,280 to apply for one lot. 

The NSE IPO price band has been set at ₹1,700-1,785, while the shares carry a face value of ₹1. The offering is a book-built issue, with the total OFS value estimated at ₹22,561.57 crore. 

Market interest has also extended to the grey market. The latest NSE IPO GMP today indicates that the shares are trading at a premium of up to 9 per cent, although grey market prices can change before listing and are not an official indicator of the final listing price. 

For investors assessing the NSE IPO review, the size of the offering and the exchange’s established market position are key points to consider. At the same time, the IPO is an OFS, meaning the proceeds go to selling shareholders rather than directly to NSE for raising fresh capital. 

The NSE IPO subscription period runs for five days, giving investors time to examine the price, issue structure and market conditions before making an application. 

Investors will be able to track the NSE IPO subscription status as bids are received across investor categories. Demand during the subscription period, along with the final issue price and broader market conditions, will shape expectations ahead of the listing.