The NSE IPO opens for subscription on Thursday, 17 September 2026 and closes on Monday, 21 September 2026. Anchor bidding is a day earlier, on 16 September. Here is only what you need to know before you apply, without the noise.
The essentials
- Price band: ₹1,700 to ₹1,785 per share
- Face value: ₹1 per share
- Lot size: 8 shares
- Minimum retail investment: ₹14,280 (8 shares at the ₹1,785 cap)
- Employee discount: ₹170 per share
- Listing on: BSE only
- Registrar: MUFG Intime India Private Limited
- Type: 100% offer for sale, no fresh issue
One thing to register upfront. This is a pure OFS of about ₹22,562 crore. The company gets nothing from it. Existing shareholders are selling roughly 12.64 crore shares, so the money goes to them, not into NSE's books.
How much you need, by category
- Retail: 8 shares, ₹14,280
- Small HNI (2 to 10 lakh): 120 shares, ₹2,14,200
- Big HNI (10 lakh and above): 568 shares, ₹10,13,880
Retail can bid from 1 lot up to just under ₹2 lakh. Cross that and you move into the HNI bucket.
Deadlines that actually matter
The UPI mandate expires at 5 PM on Sunday, 21 September 2026. If you do not approve the mandate on your UPI app before that, your application will not go through, even if you applied in time. Approve it the same day you apply and do not leave it for the last hour.
Two more rejection traps to avoid: do not apply through a third-party UPI ID or someone else's bank or ASBA account. Those get rejected. Use your own.
Allotment and listing timeline (indicative)
- Allotment finalised: Tuesday, 22 September 2026
- Refunds and unblocking: Wednesday, 23 September 2026
- Shares credited to demat: Wednesday, 23 September 2026
- Listing and start of trading: Thursday, 24 September 2026
You can check allotment status on the registrar's site (MUFG Intime India) from 22 September using your PAN, application number or DP client ID.
Quick valuation note for context: the pre and post issue market cap works out to around ₹4.41 lakh crore at the upper band. At ₹1 face value, this is a high-priced, large-cap listing, so size your application accordingly.
Applying in the retail or HNI category? Post which one and at what price, it helps others gauge how the book is filling up.
CAclubindia
