The National Stock Exchange of India (NSE) is set to announce the basis of allotment for its initial public offering (IPO) today, September 22, 2026. The issue, which aimed to raise Rs 22,562 crore, saw strong investor interest during its subscription period from September 17 to September 21, with shares offered in a price band of Rs 1,700-1,785 apiece.
NSE IPO Subscription Details and Allotment Odds
The NSE IPO was overall subscribed 5.71 times, attracting over 38.4 lakh applications. Demand was particularly high from qualified institutional bidders (QIBs), whose portion was subscribed 12.68 times. Non-institutional investors (NIIs) subscribed 6.55 times, while retail investors' allocation was booked 1.39 times.
Based on the bidding, the indicative allotment odds are as follows:
- Big HNI category (bNII): Approximately 76.92% probability (10 out of 13 investors may get 120 shares).
- Small HNI category (sNII): Approximately 30.30% probability (10 out of 33 investors may get 120 shares).
- Retail category: Allotment of 8 shares is generally confirmed, with more possible for additional lots.
It is important to note that these figures are indicative and the actual allotment depends on the IPO's prescribed allocation rules and the number of valid applications.
How to Check NSE IPO Allotment Status
Applicants can verify their allotment status through the registrar's website or directly on the NSE and BSE portals:
On the Registrar's Website (MUFG Intime India Limited)
- Visit the official web portal of MUFG Intime India Limited.
- Select the NSE IPO from the dropdown menu (it will appear once allotment is finalized).
- Choose one of three modes to check: Application number, Demat Account number, or PAN ID.
- Specify your application type (ASBA or non-ASBA).
- Enter the required details for your chosen mode.
- Complete the security captcha.
- Click 'Submit' to view your status.
On the NSE Website
- Go to NSE's dedicated IPO allotment page.
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'NSE'.
- Input your PAN Number and Application Number.
- Click 'Submit'.
On the BSE Website
- Navigate to BSE's IPO allotment page.
- Under 'Issue Type', click 'Equity'.
- From the 'Issue Name' dropdown, select 'Rays of National Stock Exchange of India Limited'.
- Enter your application number.
- Add your PAN card ID.
- Click 'I am not a Robot' and then 'Search'.
Grey Market Premium (GMP) and Listing Date
Following a strong subscription, the grey market premium (GMP) for NSE shares has shown a mild recovery. Latest reports indicate a GMP of Rs 55-60 per share, suggesting a potential listing gain of 3-4% for investors.
Refunds for non-allotted bids are expected to be processed by Wednesday, September 23, 2026. The shares of National Stock Exchange of India are scheduled to be listed exclusively on the BSE on Thursday, September 24, 2026.