NSE IPO GMP today fell further ahead of the National Stock Exchange of India’s stock market debut on September 24, 2026. As per the latest grey market data, the NSE IPO GMP was at ₹45.5 on September 22. This means that at the upper end of the IPO price band of ₹1,785, the indicative price would be around ₹1,830.50 per share, or a premium of approximately 2.55%.

The grey market premium has fallen significantly from the level it witnessed ahead of the IPO opening for subscription. GMP is an unofficial indicator and can fluctuate before listing. It does not guarantee the actual listing price of NSE shares.

NSE IPO GMP Today and Expected Price

NSE IPO was priced in the range of ₹1,700 to ₹1,785 per share. With the latest GMP of ₹45.5, the indicative price at the upper end of the price band works out as follows:

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The indicative price has been calculated by adding the reported GMP to the upper end of the IPO price band. It must be noted that the indicative price is not a confirmed NSE listing price.

NSE IPO Subscription and Issue Details

NSE IPO opened for subscription on September 17 and closed on September 21, 2026. The ₹22,569-crore issue saw a 5.71 times subscription, with bids for around 50.58 crore shares against approximately 8.86 crore shares on offer.

The qualified institutional buyers (QIBs) category was subscribed 12.68 times, while the non-institutional investors (NIIs) category was subscribed 6.55 times, and the retail portion was subscribed 1.39 times.

At the upper end of the price band of ₹1,785, a lot of 8 shares would cost ₹14,280.

NSE IPO Listing Date and Allotment Status

NSE shares are scheduled to list on September 24, 2026. The basis of allotment was scheduled for September 22, and successful applicants were expected to get the shares credited to their demat accounts on September 23.

Applicants who applied for the IPO can check the allotment status through MUFG Intime India, the registrar to the issue. Allotment status can also be checked on the NSE and BSE websites.

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NSE IPO is purely an offer for sale (OFS) of around 12.64 crore equity shares, and there is no fresh issue component. This means that NSE itself will not get any money from the IPO. The money, after issue-related expenses, will go to the selling shareholders.

The company also raised around ₹6,746 crore from anchor investors on September 16, with the allotment of 3.78 crore shares at ₹1,785 per share.

What Does Falling NSE IPO GMP Mean?

The falling NSE IPO GMP suggests that the unofficial premium has come down from the levels witnessed before the IPO opened for subscription. While the GMP was at a substantially higher level before the IPO subscription started, the grey market premium has fallen during the subscription period.

However, GMP is an unofficial indicator and should not be taken as a confirmed listing price. On the day of listing, the actual price at which the shares will trade will be decided by demand and supply at the stock exchange.

NSE IPO witnessed strong subscription despite the fall in GMP. The final subscription data showed that the qualified institutional buyers (QIBs) portion was subscribed 12.68 times.

NSE IPO: Key Points Before Listing

Investors should keep the IPO price band, subscription data and listing date separate from the grey market data. While GMP can give an indication of market sentiment, it should not be taken as a guaranteed yield or listing price.

As per the latest available data, NSE IPO is set to list on September 24, with the reported GMP at ₹45.5 on September 22.

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