IPO Timeline: Key Dates to Track
| Event | Indicative Date |
|---|---|
| Anchor Investor Bidding | September 16, 2026 |
| IPO Opens for Subscription | September 17, 2026 |
| IPO Closes for Subscription | September 21, 2026 |
| Basis of Allotment Finalisation | September 22, 2026 |
| Refunds / Unblocking of Funds Initiated | September 23, 2026 |
| Credit of Shares to Demat Account | September 23, 2026 |
| Tentative Listing Date | September 24, 2026 (BSE) |
Dates are indicative and sourced from exchange filings; always confirm the final schedule with the official RHP and BSE/NSE circulars before making investment decisions.
About the Business
Incorporated in 1992, the National Stock Exchange of India Limited (NSE) is India’s flagship financial market infrastructure institution and the world’s largest derivatives exchange by contract volume. NSE operates a vertically integrated capital markets ecosystem comprising multi-asset trading, clearing, settlement, listing services, index administration, financial analytics, and market surveillance.
Company History & Key Milestones
NSE was set up in 1992 on the recommendation of the Pherwani Committee, formed in the aftermath of the Harshad Mehta securities scam to bring transparency and technology to Indian stock trading. It received recognition as a stock exchange from SEBI in April 1993 and went live in 1994 with the wholesale debt market, followed shortly by the cash market segment.
- 1995 – Screen-Based Trading: NSE introduced a fully automated, screen-based trading system, replacing India’s open-outcry floor trading model.
- 1996 – Nifty 50 Launch: Debuted the CNX Nifty index (renamed Nifty 50 in 2015) on April 22, 1996, which is now India’s most widely tracked equity benchmark and underlies one of the largest derivatives franchises in the world.
- 1999 – Fully Electronic Exchange: Became the first Indian exchange to completely phase out manual/floor-based trading.
- 2000 – Derivatives Segment: Launched equity index and stock futures and options, a segment that today accounts for the overwhelming majority of NSE’s trading volumes and revenue.
- 2003 – Internet Trading: Rolled out internet-based remote trading, widening retail access beyond broker terminals.
- 2017 – NSE IX at GIFT City: Launched NSE International Exchange (NSE IX) in Gujarat’s GIFT City in June 2017, marking NSE’s entry into international, dollar-denominated derivatives trading, including GIFT Nifty contracts.
- 2017 – Nifty 50 at 10,000: The Nifty 50 crossed the 10,000 mark for the first time in July 2017, roughly 21 years after its launch.
Over three decades, NSE has expanded from a single cash-market platform into a multi-asset group spanning NSE Clearing Ltd. (central counterparty clearing), NSE Indices Ltd. (index licensing and administration), NSE Data & Analytics (market data products), and NSE IX (GIFT City), alongside its core exchange business
Key Financial Metrics (FY26)
Issue Reservation
| Investor Category | Allocation Limit |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail (RII) Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
