NSE IPO Day 1 saw the ₹22,568.94 crore issue receive 30% subscription by 1:20 pm on September 17, according to exchange data.
The IPO opened on Thursday and will remain available for public bidding until September 21.
NSE IPO Day 1 Subscription Status
The issue received bids for 2,68,94,832 shares against 8,86,42,911 shares on offer by 1:20 pm.
Non-institutional investors subscribed to 43% of their reserved portion, while the retail category was subscribed 32%.
The National Stock Exchange has fixed the IPO price band at ₹1,700 to ₹1,785 per share.
The minimum bid lot is eight shares, making ₹14,280 the application amount for one lot at the upper end of the price band.
NSE IPO Day 1 GMP and Issue Details
The grey market premium for NSE shares was around 9% on September 17, according to market trackers cited in reports. GMP is an unofficial indicator and can change before listing; it does not guarantee the listing price or returns.
The IPO is entirely an offer for sale of up to 12.64 crore existing equity shares.
Since it is an OFS, NSE itself will not receive the IPO proceeds; the money, excluding issue expenses, will go to the selling shareholders.
The exchange raised ₹6,746.2 crore from anchor investors ahead of the public issue. LIC, Government Pension Fund Global, Fidelity, Abu Dhabi Investment Authority and other institutional investors participated in the anchor book.
NSE IPO Dates and Listing Details
The NSE IPO opened for subscription on September 17 and will close on September 21.
The basis of allotment is expected to be finalised on September 22, while the shares are scheduled to begin trading on September 24.
The company is seeking a valuation of around ₹4.42 lakh crore at the upper end of the price band.
The issue also includes an employee reservation portion, with eligible employees offered a discount of ₹170 per share from the final issue price.
Investors tracking the NSE IPO should note that subscription figures can change throughout the bidding period.
Similarly, grey market premiums are unofficial and may move independently of the final listing price.