FILE PHOTO: People talk inside the National Stock Exchange (NSE) in Mumbai, India, August 14, 2025. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: FRANCIS MASCARENHAS
SE IPO Day 2 Live Updates: NSE IPO, Check issue details, subscription status, listing date and more | The IPO of National Stock Exchange opened on September 17, and closes on September 21.
Price band: ₹1,700–₹1,785 per share
Entirely an Offer for Sale (OFS)
NSE will not receive proceeds from the issue
Implied market capitalisation at the upper band: ₹4.41 lakh crore
Anchor investors have already invested ₹6,746.18 crore
Stay tuned to businessline for more.
Catch our stock markets live update here
- September 18, 2026 16:19
NSE IPO Day 2 live updates: Subscription status
NSE IPO has been subscribed 1.04 times at 4.14 pm.
- QIBs: 1.32 times
- NIIs: 1.47 times
- Retail: 0.69 times
- Employee portion: 1.42 times
Total: 1.04 times
- September 18, 2026 15:14
Ipo
NSE IPO Day 2 live: Angel One recommends subscribing to the issue
Angel One: At the upper price band of ₹1,785, NSE is valued at a post-issue P/E of 35.4x, compared with BSE’s P/E of 54.2x, making the issue attractive relative to its key listed peer. NSE’s dominant market position, significantly higher revenue and profitability, strong market share in equity derivatives, and long-term structural growth in Indian capital markets provide further comfort. Despite near-term regulatory headwinds to derivatives volumes, we believe the valuation offers a favourable entry point given the company’s strong competitive position and earnings potential. We recommend Subscribe for the IPO.
- September 18, 2026 14:50
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NSE IPO Day 2 live updates: Fully booked
The NSE IPO has been fully subscribed at 2.47 pm on Day 2.
- QIBs: 1.32 times
- NIIs: 1.36 times
- Retail: 1.35 times
Total: 1.00 times
- September 18, 2026 14:26
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NSE IPO Day 2 live: Soach Global Set for Nearly 25x Gains in Partial Exit from National Stock Exchange
Soach Global Strategic Holdings Limited, Mauritius, a wholly-owned subsidiary of Soach Global Opportunities Fund (together, “Soach Global”), is part exiting from its decade-long investment in the National Stock Exchange of India Limited (”NSE”). The Fund is selling through the offer for sale in NSE’s initial public offering.
- September 18, 2026 13:29
Ipo
NSE IPO Day 2 live updates: Subscription status at 1.26 pm
- QIBs: 1.25 times
- NIIs: 1.25 times
- Retail: 0.62 times
- Employee portion 1.30 times
Total: 0.94 times
- September 18, 2026 13:14
Ipo
NSE IPO Day 2 live updates: Brokerage view | Yes Sec. on NSE IPO
Yes Securities highlighted that NSE is India’s first demutualised electronic exchange and has remained the largest stock exchange in India by total turnover in the cash market and equity derivatives from Fiscal 2001 to Fiscal 2026, as well as in the June 2026 quarter, according to the Redseer Report.
At the upper price band of ₹1,785, the offer is valued at 42.9 times Fiscal 2026 diluted earnings and 12.5 times June 2026 net asset value of ₹142.40. Yes Securities noted that the offer is available at a 21 per cent discount to BSE, the only domestic comparable, and recommended “SUBSCRIBE”.
- September 18, 2026 12:44
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NSE IPO DAY 2 LIVE UPDATES: Subscription 90x
NSE IPO booked 90% at 12.41 pm on Day 2.
QIBs: 1.20 times, NIIs: 1.17 times, Retail: 0.60 times and employee portion 1.26 times
- September 18, 2026 12:30
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NSE IPO Day 2 live updates: BP Wealth recommends ‘subscribe’ to NSE IPO, cites dominant market position
- Product portfolio: BP Wealth highlighted that NSE offers a broad range of products, including cash equities, equity futures and options, currency derivatives, commodity derivatives, wholesale debt, interest rate futures and mutual fund distribution.
- Valuation: At the upper price band, the issue is valued at 47.3 times trailing 12-month earnings, according to BP Wealth.
- Brokerage view: BP Wealth recommended “SUBSCRIBE”, citing NSE’s dominant market position, strong profitability, scalable business model and multiple long-term monetisation opportunities.
- September 18, 2026 12:07
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NSE IPO Day 2 live updates: Subscription status at noon
The National Stock Exchange of India IPO was subscribed 0.57 times by 12.02 pm on Day 2 of bidding.
The QIB portion was subscribed 0.19 times, while the NII portion was subscribed 1.04 times. The retail portion was subscribed 0.58 times, and the employee portion was subscribed 1.23 times.
- September 18, 2026 11:41
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NSE IPO Day 2 live: Brokerages recommend NSE IPO, cite market dominance and financialisation opportunity
- Leading brokerages including Angel One, Aditya Birla Capital, Mirae Asset Sharekhan, Choice Broking, Geojit Financial Services, Yes Securities and Nirmal Bang Securities have given a “Subscribe” rating to the National Stock Exchange of India Ltd IPO.
- The brokerages cited NSE’s dominant market position, strong liquidity franchise and exposure to India’s structural financialisation opportunity as key factors behind their recommendation.
- September 18, 2026 11:03
Ipo
NSE Day 2 Live updates: Subscription status at around 11 am.
NSE IPO booked 0.52 times at 10.59 am;
Category-wise data:
- QIBs: 0.19 times
- NIIs: 0.91 times
- Retail: 0.54 times
- Employee portion: 1.16 times
- September 18, 2026 10:54
Ipo
NSE IPO Day 2 live updates: IPO subscribed 0.43 times on day 1, retail and NII participation leads
The Initial Public Offering of National Stock Exchange of India Ltd was subscribed 0.43 times on the first day of bidding, with strong participation from retail and non-institutional investors.
The issue received bids for 3,82,36,600 equity shares against the 8,86,42,911 equity shares on offer, according to stock exchange data.
The retail portion was subscribed 0.44 times, while the non-institutional portion was subscribed 0.72 times. The QIB portion was subscribed 0.19 times, while the employee portion was subscribed 0.97 times.
The issue opened for subscription on September 17, 2026 and will close on September 21, 2026.
A day before the IPO opened, National Stock Exchange of India Ltd raised nearly ₹6,746.1 crore from anchor investors.
- September 18, 2026 10:19
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NSE IPO Day 2 live updates: Subscription status at 10.17 am
The National Stock Exchange IPO has been booked 0.48 times or 48% at 10.17 am on Day 2.
- QIBs: 0.19 times
- NIIs: 0.82 times
- Retail: 0.51 times
- Employee portion 1.08 times
- September 18, 2026 10:07
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NSE IPO Day 2 live today: NSE offers structural growth story, could emerge as long-term compounder: Karma Capital
Thomas J. Priju, Portfolio Manager, Karma Capital, said NSE represents a structural long-term growth story, driven by the continued development of India’s capital markets. He expects the exchange to be a steady long-term compounder and potentially a meaningful portfolio holding. In the near term, resolution of issues related to the new Closing Auction Session (CAS) could act as an additional catalyst.
On the listing, Priju cautioned that some pre-IPO investors, including eligible AIFs, may sell on listing day, while other pre-IPO shareholders face a six-month lock-in. This temporary supply, he said, could create a buying opportunity for long-term investors. He also noted that NSE’s IPO was 43% subscribed on the first day, with institutional participation relatively muted, but expects QIB demand to strengthen as the issue progresses.
- September 18, 2026 09:55
Stock market
NSE IPO Day 2 live:
No proposal from NSE seeking approval for trading on its own platform: SEBI chief
SEBI Chairman Tuhin Kanta Pandey on Thursday said there is no proposal from the National Stock Exchange (NSE) seeking the regulator's approval to trade on its own platform after getting listed.
- September 18, 2026 09:36
Industry update
NSE IPO Day 2 live: Listed exchange players
What does BSE’s outperformance of other listed exchange players mean for NSE IPO
NSE's IPO may benefit from BSE's outperformance, but similar extraordinary returns are unlikely in the short term.
- September 18, 2026 09:28
Ipo
NSE IPO Day 2 live updates:
NSE IPO has been subscribed 0.46 times so far.
QIBs fetched 0.19 times subscription, NIIs 0.76 times, retail 0.48 times, and the employee portion 1.04 times.
Published on September 18, 2026
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