NSE IPO listing in focus: Can 2026's biggest issue deliver big gains?

NSE's listing moment is almost upon us as India's biggest exchange gears up to list on rival BSE on Thursday, September 24, after a massive response to its share sale. But investors hoping to make a quick buck on their IPO investment might have to tone down expectations. The ₹22,562-crore NSE IPO is the biggest public issue this year so far and the second-largest ever after Hyundai's ₹27,870 crore offer. The grey market premium (GMP) for NSE shares is at ₹68 apiece, down from ₹310 ahead of the offer launch, according to data available on websites tracking the unofficial market. At the prevailing GMP, NSE shares could list at ₹1,853, a premium of just 3.8 per cent against the IPO price of ₹1,785.