NSE’s ₹22,569-crore IPO fully subscribed on Day 2

The ₹22,569-crore initial public offering of the National Stock Exchange of India (NSE) was fully subscribed on the second day of bidding on Friday (September 18, 2026), driven by encouraging response from non-institutional investors and qualified institutional buyers.

The offering is India’s second-largest public issue after Hyundai Motor India’s ₹27,870-crore IPO in 2024. The IPO surpassed the ₹21,000 crore offering of LIC in 2022 but remains below Hyundai Motor India’s record public offer.

The NSE IPO received bids for 10,28,43,656 shares against 8,86,42,911 shares on offer, garnering 1.16 times subscription, as per data available with the BSE.

Non-institutional investors and qualified institutional buyers categories drew full subscriptions on the second day.

The category for non-institutional investors was subscribed 1.68 times, while the portion for qualified institutional buyers (QIBs) received 1.53 subscriptions. The retail investors’ quota received 72% subscription.