The ₹22,569-crore IPO of the National Stock Exchange of India (NSE) was fully subscribed by the second day of bidding on Friday, September 18, 2026. The strong demand was driven by active participation from non-institutional investors (NIIs) and qualified institutional buyers (QIBs).
This rapid subscription highlights robust interest in the country’s largest stock exchange and positions the offering as one of India’s biggest public issues.
At ₹22,569 crore, the NSE IPO has surpassed LIC’s ₹21,000-crore issue of 2022, making it India’s second-largest IPO after Hyundai Motor India’s ₹27,870-crore offering in 2024.
Listing NSE publicly would place it among the few major stock exchanges worldwide to be publicly traded. The move is expected to enhance transparency and governance while raising capital to support strategic initiatives, technology upgrades, and the strengthening of market infrastructure and services.
