NSE IPO
Financial Services • ₹22568.94 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
- The company derived Rs 13,057.01 crore, Rs 13,635.76 crore, and Rs 12,129.64 crore from tr…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹1785
Issue Size
₹22568.94 Cr
Open
17 Sept 2026
Close
21 Sept 2026
Subscription
5.69×
IPO Schedule
| Issue Open Date | 17 Sept 2026 |
| Issue Close Date | 21 Sept 2026 |
| Allotment Date | 22 Sept 2026 |
| Listing Date | 23 Sept 2026 |
About NSE
The National Stock Exchange of India Limited (NSE) is India’s premier stock exchange that provides platforms and infrastructure for trading, clearing, listing, and related market services. Its product portfolio includes cash market, futures and options, mutual funds, commodity derivatives, exchange-traded currency derivatives, wholesale debt market, and interest rate futures. The company also provides index services, market data, analytics, news and information services, data feeds, data terminal services, and licensing services. Through its subsidiaries and associates, it also provides clearing and settlement, foreign currency-denominated trading, mutual fund registry, depository, e-corporate governance, mobile trading, and other exchange-related services. NSE operates a vertically integrated technology infrastructure comprising seven data centres, including a primary data centre, member colocation data centre, disaster recovery site, and near data centre. The company operates from its corporate office in Mumbai, Maharashtra, and it also has points of presence across more than 30 locations in India, including across New Delhi, Bangalore, Noida, Kolkata, Chennai, Ahmedabad, Pune, Hyderabad, Gandhinagar, Jaipur, Indore, Chandigarh, Bhopal and Vizag. The company commenced operations in November 1992. Use of proceeds: The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares in India.
Company Details
Founders / Promoters
Mr Ashishkumar Chauhan
Founded
1992
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
NSE — IPOFins Verdict
QuantitativeDriven by QIB demand at 12.7x and moderate disclosed risk (4/10). The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company has maintained leading market shares across key asset classes. In FY26, it had a 92.99% share in the cash market, 99.79% in equity futures, 74.71% in equity options, 99.48% in exchange-tra
- NSE has a large registered investor base and broad geographic reach. As of June 30, 2026, it had 132.37 million unique registered investors covering more than 99% of Indian postal codes. Its platform
- The company has a broad capital-market platform covering trading, clearing, listing, and related services. Its offerings include equities, equity and currency derivatives, commodities, interest rate f
- The company has a large technology infrastructure supporting high trading volumes. As of June 30, 2026, its network included seven data centres and more than 200,000 trading terminals across over 1,40
- NSE has a significant presence in listings and capital raising. As of June 30, 2026, 3,005 entities were listed on its platforms, including 565 SME companies, while 195 non-profit organisations were r
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.4
Institutional subscription → score +2.0
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of NSE IPO?
The price band is ₹1785 per share with a lot size of 0 shares.
What does NSE do?
The National Stock Exchange of India Limited (NSE) is India’s premier stock exchange that provides platforms and infrastructure for trading, clearing, listing, and related market services. Its product portfolio includes cash market, futures and options, mutual funds, commodity derivatives, exchange-traded currency derivatives, wholesale debt market, and interest rate futures. The company also provides index services, market data, analytics, news and information services, data feeds, data terminal services, and licensing services. Through its subsidiaries and associates, it also provides clearing and settlement, foreign currency-denominated trading, mutual fund registry, depository, e-corporate governance, mobile trading, and other exchange-related services. NSE operates a vertically integrated technology infrastructure comprising seven data centres, including a primary data centre, member colocation data centre, disaster recovery site, and near data centre. The company operates from its corporate office in Mumbai, Maharashtra, and it also has points of presence across more than 30 locations in India, including across New Delhi, Bangalore, Noida, Kolkata, Chennai, Ahmedabad, Pune, Hyderabad, Gandhinagar, Jaipur, Indore, Chandigarh, Bhopal and Vizag. The company commenced operations in November 1992. Use of proceeds: The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares in India.
Should I apply for NSE IPO?
NSE is drawing moderate interest at 5.7x overall subscription (QIB 12.7x, retail 1.4x). IPOFins Score 7/10: Driven by QIB demand at 12.7x and moderate disclosed risk (4/10). The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded NSE?
NSE was founded by Mr Ashishkumar Chauhan in 1992.