The NSE on Wednesday (September 16, 2026) raised ₹6,746 crore from anchor investors, including state-owned Life Insurance Corporation of India (LIC), Goldman Sachs and Fidelity. File.
| Photo Credit: Reuters
The ₹22,569-crore initial public offering of the National Stock Exchange of India (NSE) was fully subscribed on the second day of bidding on Friday (September 18, 2026), driven by encouraging response from non-institutional investors and qualified institutional buyers.
The offering is India’s second-largest public issue after Hyundai Motor India’s ₹27,870-crore IPO in 2024. The IPO surpassed the ₹21,000 crore offering of LIC in 2022 but remains below Hyundai Motor India’s record public offer.
The NSE IPO received bids for 10,28,43,656 shares against 8,86,42,911 shares on offer, garnering 1.16 times subscription, as per data available with the BSE.
Non-institutional investors and qualified institutional buyers categories drew full subscriptions on the second day.
The category for non-institutional investors was subscribed 1.68 times, while the portion for qualified institutional buyers (QIBs) received 1.53 subscriptions. The retail investors’ quota received 72% subscription.
The NSE on Wednesday (September 16, 2026) raised ₹6,746 crore from anchor investors, including state-owned Life Insurance Corporation of India (LIC), Goldman Sachs and Fidelity.
Additionally, sovereign wealth funds such as GIC Singapore, Abu Dhabi Investment Authority (ADIA) and Norges Bank, as well as Eastspring and HSBC Global Asset Management, also participated in the anchor round.
The IPO comprises an Offer For Sale (OFS) of up to 12.64 crore equity shares by existing shareholders.
The exchange has fixed a price band of ₹1,700-1,785 per equity share for the IPO. It will command a valuation of up to ₹4.42 lakh crore at the upper end of the price band.
The issue will close on September 21.
Since the offering is entirely an OFS, the proceeds from the share sale will accrue to the existing shareholders and not to the NSE.
The public issue marks a significant milestone for the NSE, whose listing plans had remained stalled for nearly a decade amid regulatory hurdles, including those linked to the co-location controversy.
The reduction in the OFS size from the earlier planned 14.9 crore shares has brought down the overall issue size from the initial estimate of around ₹30,000 crore.
NSE shares are expected to make their market debut on September 24.
Published – September 18, 2026 09:54 pm IST
