NSE IPO Day 3: Subscription Closes Today, 21 September 2026

NSE IPO closes today, 21 Sep 2026. Crossed full subscription through Day 2, led by QIB at 2.32x by midday. Price band Rs 1,700-1,785. Lists on BSE.

Updated: 21 Sept 2026 • 8:59 am

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Quick Answer

The NSE IPO is on its final day of bidding on 21 September 2026, with the subscription window closing today for India's second largest IPO ever. The issue moved past full subscription through Day 2, with qualified institutional buyers leading at 2.32 times by midday, non-institutional investors at 1.47 times and employees at 1.68 times, while retail lagged at 0.79 times at that stage. With bidding open until the end of today's session, and QIB bids typically concentrating in the closing hours, the final NSE IPO subscription figure could move higher still.

National Stock Exchange of India Limited, India's largest stock exchange, has reached the final day of its IPO subscription window today, 21 September 2026. The NSE IPO opened on 17 September and is a mainboard, book built issue worth about Rs 22,561.57 crore, entirely an offer for sale by existing shareholders. The shares are proposed to list only on the BSE.

Demand for the issue built through the bidding window after a measured Day 1. The issue closed Day 1 subscribed 0.42 times overall, and crossed full subscription during Day 2, led decisively by QIB demand, which reached 2.32 times by midday, alongside strong employee participation at 1.68 times. Retail demand, while positive, trailed the other categories at 0.79 times as of the Day 2 midday reading, and today's closing session will be decisive for the final book.

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Table of Contents

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 3

The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the middle of Day 2.

Session	Overall	QIB	NII	Retail
Day 1 close (17 Sep, 5:24 PM)	0.42x	0.19x	0.70x	0.43x
Day 2, midday (18 Sep, 12:45 PM)	1.38x	2.32x	1.47x	0.79x
Day 3, closing day so far (21 Sep)	Updating through the session

Qualified institutional buyers drove the issue past full subscription through Day 2, with the employee category also showing strong participation, while retail demand built more gradually. With bidding open until the end of today's session, the final subscription numbers for the issue should be confirmed on the BSE website once the window shuts.

Track Subscription Status for the issue on the Univest Screener

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 well before the cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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 closes today having crossed full subscription through Day 2, driven by strong QIB and employee demand, while retail participation built more gradually. 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 before the window shuts today.

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 3?

Ans. On the closing day, 21 September 2026, the issue had crossed full subscription through Day 2, with QIB at 2.32 times and NII at 1.47 times as of midday on 18 September, while retail stood at 0.79 times at that stage, and figures are updating through today's final session.

When does the NSE IPO close?

Ans. The issue closes for subscription today, 21 September 2026, having opened on 17 September 2026.

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 investment to about Rs 14,280 at the upper price band.

Which category led the NSE IPO subscription?

Ans. Qualified institutional buyers led the issue through Day 2, reaching 2.32 times by midday, well ahead of NII at 1.47 times and retail at 0.79 times, with the employee category also showing strong demand at 1.68 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 before it closes?

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 today's 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.

Is the NSE IPO fully subscribed?

Ans. Yes, the issue crossed full subscription during Day 2, driven mainly by strong QIB and employee demand, with the final figure to be confirmed once bidding closes today.

Is the promoter or company receiving proceeds from the NSE IPO?

Ans. No, the issue is entirely an offer for sale by existing shareholders including State Bank of India, Canada Pension Plan Investment Board and other institutional holders, so the company itself does not receive any proceeds.

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.