NSE IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 184.81 | 206.45 | 322.58 | 236.50 |
| Expense | 154.97 | 175.85 | 261.43 | 186.96 |
| Profit (PAT) | 32.10 | 34.44 | 28.13 | 38.69 |
| Total Assets | 251.58 | 339.25 | 455.49 | 561.34 |
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Powerica Limited | 15.26 | 24.45 | 15.37 | 99.76 |
| Cummins India Limited | 72.15 | 64.13 | 26.45 | 272.78 |
| Kirloskar Oil Engines Limited | 33.71 | 43.24 | 15.85 | 212.60 |
| NTPC Green Energy Limited | 0.67 | 129.40 | 2.58 | 21.88 |
| Acme Solar Holdings Limited | 4.55 | 50.74 | 5.59 | 74.54 |
| Adani Green Energy Limited | 8.37 | 101.53 | 11.90 | 76.62 |
Promoters: The company does not have identifiable promoters.
Strengths & Risks
- Strongly subscribed — 5.7x overall (final).
- Strong institutional (QIB) demand — 12.7x.
- Revenue grew 56% in the latest reported year.
- Solid profit margin — 8.7%.
- Strong return on equity — 33%.
- Entirely an offer for sale — no fresh capital flows to the company.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
The company does not have identifiable promoters. NSE was founded in 1992 and known as the stock exchange by SEBI in April 1993. NSE started operations in 1994 along with the wholesale debt market afterward, let the market known as stock buy and sell. The National Stock Exchange (NSE) is an important institution with global recognition. It is a reliable market organization known for maintaining high standards of corporate governance. Moreover, the NSE is considered a substantial exchange and a main for driving India’s economic growth. NSE has one of the largest derivatives markets in the world, trading options and futures on indices, stocks, and other securities. This platform is a strong state-of-the-art technology that provides high levels of robustness, safety, and resilience. This is for trading and investment opportunities for all kinds of investors.
National Stock Exchange of India Limited, Exchange Plaza”, C-1, Block G,, Bandra Kurla Complex, Bandra (East),, Mumbai 400 051
Resources & Documents
NSE has set a price band of Rs 1,700–Rs 1,785 per share for an issue size of Rs 22,562 crore. The stock listed with a 0.84% gain versus its issue price on September 24, 2026.
The company does not have identifiable promoters. NSE was founded in 1992 and known as the stock exchange by SEBI in April 1993.
The issue is promoted by The company does not have identifiable promoters. with Kotak Mahindra Capital, JM Financial, Axis Capital, IIFL Capital Services, Motilal Oswal Investment Advisors, ICICI Securities, SBI Capital Markets, Nuvama Wealth Management, HDFC… acting as lead manager. Anchor investors have committed Rs 6,746 crore ahead of the public issue — about 30% of the total issue size. Anchor allocation was completed on September 16, 2026.
At the upper end of the price band, the issue is priced at a post-issue P/E of 35.40x. On fundamentals, the company is posting revenue growth of 56.3%, a profit margin of 8.7%, return on equity of 33.0% in its most recent reported period. Listed peers in this segment include Powerica Limited (P/E 24.45x) and Cummins India Limited (P/E 64.13x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
NSE IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full NSE GMP history and trend, or learn how grey market premium works and how reliable it is.
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