The National Stock Exchange of India (NSE) has wrapped up one of the most anticipated IPO allotments of the year, finalising share allocations on September 22, 2026. The Rs 22,561.57-crore public issue attracted huge investor interest, with the offer subscribed an impressive 5.71 times during the three-day bidding window that closed on September 21. This makes it the second-largest IPO in India’s history and the biggest so far in 2026.
Allotment Status and What Happens Next
Now that the basis of allotment has been finalised, investors are eager to know if they’ve secured a slice of India’s premier stock exchange. Allotment results can be checked online through several channels, including the registrar MUFG Intime India’s website. Applicants simply need to pick ‘National Stock Exchange of India’ from the issue list and enter their PAN, application number, or demat account details. The BSE IPO application status page is another option, where investors can select ‘Equity’ and ‘NSE’ to view their status.
Successful applicants can expect NSE shares to hit their demat accounts by September 23, while refunds for those who missed out are also slated for processing around the same time. The big day for many, though, will be September 24, when NSE makes its much-awaited debut on the BSE.
Listing Expectations and Grey Market Buzz
All eyes are now on the listing price. The IPO’s grey market premium (GMP) is currently hovering around Rs 65 per share, or about 4% above the upper price band of Rs 1,785. This suggests a likely listing price near Rs 1,850 per share. While not a blockbuster pop, this moderate premium indicates steady demand and positive sentiment, especially for an issue of this size.
The IPO saw especially strong interest from non-institutional investors (NII), who subscribed their portion 6.55 times, while the retail segment was subscribed 1.39 times. The lead managers for this historic issue include Kotak Mahindra Capital, Morgan Stanley India, and HSBC Securities, with MUFG Intime India serving as registrar.
NSE’s diversified business spans trading, clearing, listing, and more, making its market debut a significant event for investors and India’s capital markets alike. With the listing just days away, the buzz around NSE’s IPO is far from over.
