NSE IPO Day 2: Subscription Status on 18 September 2026
- September 18, 2026
- Posted by: Harsh Piplani
- Category: IPO
NSE IPO Day 2, 18 Sep 2026. Subscribed 0.42x at Day 1 close: NII 0.70x, Retail 0.43x, QIB 0.19x. Price band Rs 1,700-1,785. Closes 21 Sep.
Quick Answer
The NSE IPO is on Day 2 of bidding on 18 September 2026, after a measured opening day for India’s second largest IPO ever. The NSE IPO closed Day 1 subscribed 0.42 times overall, with non-institutional investors leading at 0.70 times and retail investors at 0.43 times, while qualified institutional buyers, excluding the anchor allocation, stood at 0.19 times. Bidding for the NSE IPO remains open until 21 September 2026, a five day window spanning the coming weekend, and investors should track the live category wise numbers on BSE through the day.
The issue has entered Day 2 of its bidding window, which opened on 17 September and closes on 21 September 2026. National Stock Exchange of India Limited, India’s largest stock exchange, is offering about Rs 22,561.57 crore entirely as an offer for sale, and the shares are proposed to list only on the BSE.
Day 1 bidding for the issue closed with the issue subscribed 0.42 times overall, a measured start given the sheer scale of the offer. With four sessions still remaining, including the 21 September close, and institutional demand for an issue of this size typically taking shape gradually, the final subscription figure for the issue will become clearer only closer to the deadline.
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NSE IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 17 September 2026 |
| Close Date | 21 September 2026 |
| Price Band | Rs 1,700 to Rs 1,785 per share |
| Lot Size | 8 shares |
| Issue Size | About Rs 22,561.57 crore (entirely offer for sale) |
| Issue Type | Book Built Issue |
| Listing At | BSE only |
| Allotment Date | 22 September 2026 |
| Listing Date | 24 September 2026 |
NSE IPO Subscription Status Day 2
Category wise bidding for the issue is updated through the trading session on BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (17 Sep, 5:24 PM) | Overall Subscription So Far (Day 2, 18 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.19 times | Updating |
| Non-Institutional Investors (NII) | 0.70 times | Updating |
| Retail Individual Investors | 0.43 times | Updating |
| Overall | 0.42 times | Updating through the session |
Non-institutional investors led the issue through Day 1, narrowly ahead of retail, while the QIB book, excluding anchors, still has considerable room to build over the remaining four sessions. Investors should treat the Day 2 figures as provisional since bidding remains open until the 21 September close.
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How to Apply for the NSE IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 1,700 to Rs 1,785 band, in multiples of 8 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 21 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 21 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue has made a measured start given its scale, closing Day 1 subscribed 0.42 times overall, and four sessions still remain before the 21 September close for the book to build. Investors considering the issue should review the company financials and risk factors in the RHP on bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the NSE IPO subscription status on Day 2?
Ans. The issue closed Day 1 subscribed 0.42 times overall, with NII leading at 0.70 times, retail at 0.43 times, and QIB at 0.19 times, and figures for Day 2, 18 September 2026, are updating through today’s session on BSE.
When does the NSE IPO close?
Ans. The issue closes for subscription on 21 September 2026, having opened on 17 September 2026, a five day window that spans the coming weekend.
What is the NSE IPO price band and lot size?
Ans. The issue price band is Rs 1,700 to Rs 1,785 per share, with a lot size of 8 shares, taking the minimum retail investment to about Rs 14,280 at the upper band.
Which category led the NSE IPO on Day 1?
Ans. Non-institutional investors led the issue on Day 1, subscribing their reserved portion 0.70 times, narrowly ahead of retail investors at 0.43 times, while qualified institutional buyers, excluding anchors, stood at 0.19 times.
What is the NSE IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the NSE IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 8 shares within the Rs 1,700 to Rs 1,785 band and approving the UPI mandate before the daily cut off.
When will the NSE IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 22 September 2026, with listing on the BSE tentatively scheduled for 24 September 2026.
Why is subscription in the NSE IPO relatively low so far?
Ans. Given the sheer scale of the issue at over Rs 22,500 crore, institutional and larger investor demand typically takes shape gradually across a multi day bidding window, so a subscription level below full book through Day 2 is not unusual for an issue of this size.
What is the reservation split in the NSE IPO?
Ans. The issue reserves not more than 50 percent of the offer for qualified institutional buyers, not less than 15 percent for non-institutional investors, and not less than 35 percent for retail individual investors, alongside a separate employee reservation.
What does National Stock Exchange of India Limited do?
Ans. National Stock Exchange of India Limited operates India’s largest electronic trading and listing marketplace across equities, derivatives, currency, commodities, mutual funds and fixed income, earning revenue from transaction charges, listing, clearing, data and index licensing fees.
