Business EconomyPosted at: Sep 18 2026 7:20PM


NSE IPO gets strong response; Issue to be fully subscribed by End of Day : NSE CBDO

Hyderabad, Sept 18 (UNI) The National Stock Exchange (NSE) IPO is receiving a strong response from investors and is expected to be fully subscribed by the end of day, NSE Chief Business Development Officer (CBDO) Sriram Krishnan said on Friday.
The IPO, which opened for subscription on September 17, was subscribed 0.43 times on the first day, with bids received for 3,82,36,600 equity shares against 8,86,42,911 shares on offer. The offer closes on September 21.
Addressing a press conference on the occasion of the forthcoming initial public offering, Sriram said the retail portion was 60 per cent subscribed, while the employee category was fully subscribed.
The HNI category was subscribed 1.14 times and the QIB segment 1.2 times, he said.
The anchor book attracted 189 investors, with Rs 6,746 crore allocated to anchor investors, Sriram said.
The NSE had initially fixed the IPO price band at Rs 2,000-2,100 per share, which was later reduced to Rs 1,700-1,785 following feedback from IPO bankers and investors.
"Rs 1,785 is a reasonable price," the CBDO said, adding that the exchange had performed well despite global uncertainties, including developments in the Middle East and concerns surrounding AI-related developments.
The NSE had initially planned an IPO size of Rs 31,500 crore. However, some selling shareholders withdrew after the price range was reduced, he said.
Sriram also highlighted NSE's role in setting up the National Securities Depository Limited (NSDL), India's first depository, which helped dematerialise 95 per cent of physical share certificates within two years of its establishment.
On derivatives, he said the business remained sustainable and "derivatives are here to stay", while noting that regulators were concerned about retail investors incurring losses in options trading.
Investor eligibility criteria could potentially be prescribed for participation in options trading to protect retail investors, he said.
Sriram also said NSE's closing auction session (CAS) had not impacted trading volumes, contrary to market perceptions.
He said NSE had built its position through technology and innovation, including online screen-based trading, real-time risk management and guaranteed settlements.
The exchange currently offers equity, equity derivatives, fixed income, currency, interest-rate futures and options, and commodities under one platform, he said.
NSE's technology platform is capable of handling more than 2,200 crore automated messages a day within six hours and 15 minutes and processing, clearing and settling more than 30 crore trades a day, he said.
He said SEBI's proposed gradual glide path would continue the existing method for a period before moving to a new methodology based on volume-weighted average prices (VWAP) from regular trading and the closing auction session.
NSE has also introduced several innovations, including equity derivatives and Electronic Gold Receipts (EGR), aimed at enabling gold to be held and traded in electronic form, he added.
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