Minimum Investment
About Company
Company Name: National Stock Exchange of India Limited
Industry / Sector: Financial Services / Stock Exchange
Founded Year: 1992
Promoters: No Identifiable Promoter
National Stock Exchange of India Limited (NSE) is India's largest stock exchange and one of the world's leading multi-asset exchange platforms. NSE provides a vertically integrated ecosystem comprising trading, clearing, settlement, listing, market data, index services, and regulatory oversight across multiple asset classes, including equities, derivatives, currency derivatives, commodities, debt securities, and mutual funds. NSE has consistently maintained its leadership position in India in cash market turnover, equity derivatives trading, and currency derivatives trading. As of June 30, 2026, the exchange served over 261.36 million registered investor accounts, 129 million unique investors, 1,328 trading members, and 3,005 listed companies, with a total listed market capitalization of approximately ₹474.08 trillion. As of March 31, 2026, its market share based on total turnover in cash market stood at 99.79%, 74.71% in equity futures market, 99.48% in equity options, and 100% in exchange-traded currency options. It also has non-trading revenue streams through NSE Clearing Ltd., NSE Indices Ltd., NSE Data and Analytics Ltd., NSE International Exchange, and other services like mutual fund registry and back-end exchange support.
IPO Basic Details
| Company Name | National Stock Exchange of India Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹1,700 – ₹1,785 |
| Lot Size | 8 Shares |
| Total Issue Size | 12,64,36,650 Equity Shares (₹22,561.57 Cr) |
IPO Strengths & Risks
Strengths
- Market leader in India – a liquid market for all stakeholders
- Well positioned to benefit from India's structural growth tailwinds
- Strong brand synonymous with trust, efficiency and transparency
- Track record of comprehensive and innovative offerings delivered through a vertically integrated business model
- Technology platform built for scale and resilience
- Comprehensive product offerings across multiple asset classes
- Consistent profitability, cash generation, and financial performance
- Experienced management team with strong governance and regulatory expertise
Risks
- Dependence on derivatives trading for a significant portion of revenue
- Regulatory risks and potential changes in securities laws
- Competition from other exchanges and trading platforms
- Technology and cybersecurity risks
- Market volatility affecting trading volumes and revenue
- Concentration risk in options transaction fees
IPO Important Dates
| IPO Open Date | 17 Sep 2026 |
| IPO Close Date | 21 Sep 2026 |
| Basis of Allotment | 22 Sep 2026 |
| Refund Initiation | 23 Sep 2026 |
| Demat Credit Date | 23 Sep 2026 |
| Listing Date | 24 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | Not more than 50% of the Net Offer |
| Retail Quota | Not less than 35% of the Net Offer |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 8 | ₹14,280 |
| Retail Maximum | 14 Lots | 112 | ₹1,99,920 |
| S-HNI Minimum | 15 Lots | 120 | ₹2,14,200 |
| S-HNI Maximum | 70 Lots | 560 | ₹9,99,600 |
| B-HNI Minimum | 71 Lots | 568 | ₹10,13,880 |
Key Performance Indicators (KPI)
| ROE | 32.98% (FY26), 9.26% (Q1 FY27) |
| ROCE | 42.80% (FY26), 11.55% (Q1 FY27) |
| RoNW | - |
| PAT Margin | 50.98% (FY26), 58.78% (Q1 FY27) |
| EBITDA Margin | Not explicitly stated in the source |
| EPS | ₹41.62 (Pre-IPO), ₹50.43 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | Not explicitly stated in the source |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| Q1 FY2027 (Jun 30, 2026) | ₹91,334.07 Cr | ₹5,252.17 Cr | ₹3,120.08 Cr | ₹4,332.04 Cr | ₹34,983.74 Cr | Not explicitly stated in the source |
| FY2026 (Mar 31, 2026) | ₹87,937.44 Cr | ₹18,713.37 Cr | ₹10,302.06 Cr | ₹14,519.09 Cr | ₹31,869.72 Cr | Not explicitly stated in the source |
| FY2025 (Mar 31, 2025) | ₹69,466.64 Cr | ₹19,176.83 Cr | ₹12,187.69 Cr | ₹16,021.36 Cr | ₹30,165.05 Cr | Not explicitly stated in the source |
| FY2024 (Mar 31, 2024) | ₹65,463.98 Cr | ₹16,352.06 Cr | ₹8,305.74 Cr | ₹11,623.83 Cr | ₹23,833.10 Cr | Not explicitly stated in the source |
Grey Market Premium
| GMP Price | ₹202 (as of 15 Sep 2026) |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 15 Sep 2026 |
| Estimated Listing Price | ₹1,987 (approx. 11% premium over upper price band) |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Manager(s)
Company Information
Address: Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051
Website: https://www.nseindia.com/
Email: nse_ipo@nse.co.in
Phone: +91 22 2659 8100
IPO Documents
Frequently Asked Questions (FAQ)
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