NSE IPO
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NSE IPO details
Schedule of NSE
| Issue open date | 17 Sep 2026 |
| Issue close date | 21 Sep 2026 |
| UPI mandate deadline | 21 Sep 2026 (7 PM) |
| Allotment finalization | 22 Sep 2026 |
| Refund initiation | 23 Sep 2026 |
| Share credit | 23 Sep 2026 |
| Listing date | 24 Sep 2026 |
| Mandate end date | 06 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 21 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 20 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About NSE
The National Stock Exchange of India (NSE) is a premier market infrastructure institution providing electronic trading, listing, clearing, and settlement services across equities, derivatives, debt, and mutual funds. It offers colocation, connectivity, data feeds, and index licensing. Supported by robust technology for risk management and surveillance, NSE generates its primary revenue from transaction charges, supplemented by listing, clearing, data center, and licensing fees.
Financials of NSE
Issue size
The entire ₹22,561.57 crore IPO is an Offer for Sale (OFS), with all proceeds going directly to existing investors.
Strengths
- NSE operates one of India’s largest electronic trading platforms across multiple asset classes.
- The company has diversified revenue streams from trading, listing, clearing, data, connectivity and licensing services.
- Its technology infrastructure can process very high transaction volumes with low response times.
- NSE has a large and diverse customer base including issuers, trading members, investors and data users.
- The company has established risk management, surveillance and investor protection mechanisms to support market operations.
Risks
- A significant drop in trading activity could materially reduce the company’s revenue and profitability.
- NSE derives a major portion of its revenue from transaction charges, particularly options and futures trading.
- Failures or disruptions in its technology systems could affect trading operations and investor confidence.
- The business depends on regulatory approvals, and delays or rejections could limit new product launches.
- A large share of revenue comes from a limited number of trading members, creating customer concentration risk.
FAQs
| Question | Answer |
| Mandate deadline? | Unlike other IPOs, for NSE the deadline to accept the mandate is 7 PM on the last day, i.e. 21st Sep 2026. |
| What is cut-off price? | Any price within the range you agree to accept the shares. Usually, it will be at the higher end, as bids below that are rejected. |
| Mandate delayed or has wrong details? | Wait for the correct one and accept it before the deadline. Banks generate mandates, and the exchange relays them, so timing isn’t in our hands. For incorrect blocked funds, check with your bank. Retail clients can cancel and re-apply in case of any issues. |
| No updated mandate after modifying? | Wait for the modified mandate. In case you do not receive it in time, your earlier application stays valid. |
| Payment status on Kite not updated? | You can ignore the remarks if the funds are blocked and the application number matches the mandate, as your application has already gone through. Since the exchange relays the payment status, and we display it directly on the app, there can be some delay. |
Note: If your query is not covered above, read more here or raise a ticket.