National Stock Exchange of India Ltd. IPO Review 2026: Listing Dates, Allotment, GMP & Overview

11 Sep 2026
Upcoming IPOs
National Stock Exchange of India Ltd. IPO Review 2026: Listing Dates, Allotment, GMP & Overview

NSE IPO Overview: National Stock Exchange of India (NSE) IPO is a ₹22,561.57 crore book-built issue entirely comprising an offer for sale of 12.64 crore shares. The IPO opens on September 17, 2026 and closes on September 21, 2026. The price band is ₹1,700–1,785 per share, with a lot size of 8 shares. NSE itself will not receive proceeds from the offer.

NSE IPO Details

IPO Date17 to 21 Sep, 2026
Listing Date24 Sep, 2026 (Tentative)
Face Value₹1 per share
Price Band₹1,700 to ₹1,785 per share
Lot Size8 Shares
Minimum Investment₹14,280 at upper price
Issue TypeBookbuilding IPO
Sale TypeOffer for Sale only
Issue Size₹22,561.57 Crore
Market Cap₹4,41,787.50 Crore at upper price
Listing AtBSE
Employee Discount₹170 per share
Lead ManagerKotak Mahindra Capital Company Ltd.
RegistrarMUFG Intime India Pvt. Ltd.

NSE IPO Issue Structure

Total Issue Size12,64,36,650 shares aggregating up to ₹22,561.57 Crore
Fresh IssueNil
Offer for Sale12,64,36,650 shares aggregating up to ₹22,561.57 Crore
Pre-Issue Shareholding2,47,50,00,000 shares
Post-Issue Shareholding2,47,50,00,000 shares

NSE IPO Timetable

IPO Opens17 Sep 2026
IPO Closes21 Sep 2026
Allotment22 Sep 2026
Refunds23 Sep 2026
Credit of Shares23 Sep 2026
Listing24 Sep 2026

Objects of NSE IPO

The NSE IPO is entirely an offer for sale by existing shareholders. Therefore, NSE will not receive any proceeds from the IPO. The proceeds, after applicable offer-related expenses and taxes, will accrue to the respective selling shareholders. The listing is also intended to provide NSE with a public market for its equity shares.

Refer to RHP for detailed information.

About National Stock Exchange of India

Incorporated in 1992, National Stock Exchange of India Limited is a major multi-asset exchange platform in India. Its vertically integrated ecosystem covers trading, clearing, settlement, listing, market data, index services and regulatory functions across equities, derivatives, currency derivatives, commodities, debt securities and mutual funds.

As of June 30, 2026, NSE served more than 261.36 million registered investor accounts and 129 million unique investors. It had 1,328 trading members and 3,005 listed companies, with total listed market capitalisation of approximately ₹474.08 trillion.

NSE operates through a technology-led infrastructure supporting trading, real-time market data, risk management, surveillance and regulatory compliance. Its ecosystem also includes NSE Clearing, NSE Indices, NSE Data and Analytics and NSE International Exchange, along with other market infrastructure and support businesses.

NSE Market Position

SegmentNSE Market Share
Cash Market Turnover99.79%
Equity Futures74.71%
Equity Options99.48%
Exchange-Traded Currency Options100%

The market shares above are based on NSE's disclosures as of March 31, 2026. NSE Clearing also had significant market shares across cash and derivatives clearing during FY2026.

NSE Financial Snapshot

Particulars (₹ Crore)FY24FY25FY26
Revenue from Operations14,78017,14116,601
Total Income16,35219,17718,713
Operating EBITDA9,87012,64711,098
PAT8,30612,18810,302

For Q1 FY27, NSE reported consolidated revenue from operations of ₹4,560 crore, up 13% year-on-year, while consolidated PAT increased 7% to ₹3,120 crore.

NSE IPO – Key Business Considerations

  • Strong market position across cash equities and equity derivatives.
  • Large and expanding investor and trading-member ecosystem.
  • Vertically integrated platform spanning trading, clearing, settlement, listing and market data.
  • Diversified non-trading businesses including index licensing, data services and clearing.
  • Technology infrastructure designed for high trading volumes, risk management and market surveillance.
  • Strong historical profitability and cash generation, although earnings remain sensitive to trading activity and regulatory changes.

IPO Allotment & Application Status

Registrar: MUFG Intime India Pvt.Ltd.

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NSE IPO – Frequently Asked Questions

What is the NSE IPO size?

NSE IPO is a ₹22,561.57 crore book-built issue comprising entirely an offer for sale of 12.64 crore shares.

What is the NSE IPO price band?

The NSE IPO price band is ₹1,700 to ₹1,785 per equity share.

What is the NSE IPO lot size?

The lot size is 8 shares. At the upper price band of ₹1,785, the minimum retail application amount is ₹14,280.

When does the NSE IPO open and close?

The IPO opens on September 17, 2026 and closes on September 21, 2026.

When is the NSE IPO allotment date?

The basis of allotment is tentatively scheduled for September 22, 2026.

When will NSE shares be listed?

NSE shares are proposed to be listed on BSE, with September 24, 2026 as the tentative listing date.

Who is the lead manager of the NSE IPO?

Kotak Mahindra Capital Company Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the registrar to the issue.

Is the NSE IPO a fresh issue or OFS?

The NSE IPO is entirely an offer for sale. No new shares are being issued and NSE will not receive proceeds from the IPO.

What does NSE do?

National Stock Exchange of India operates a multi-asset market infrastructure platform covering trading, clearing, settlement, listing, market data and index services.

What are the key risks to consider for NSE IPO?

NSE's earnings are influenced by trading volumes, market activity, derivatives participation, regulatory changes and the overall capital-market environment. Investors should review the RHP for a complete assessment of risk factors.

Investor Education Hub: Everything You Need to Know About IPOs

Disclaimer: - Investments in IPOs are subject to market risks. Investors should read the Red Herring Prospectus carefully and consult their financial advisor before investing. https://www.mnclgroup.com/research-disclaimer

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Investor Announcements

Name of the Company has changed from Networth Stock Broking Limited to Monarch Networth Capital Limited upon Certification of Incorporation received from Registrar of Companies, Mumbai vide certificate dated 13th October, 2015.

    • KYC is one time exercise while dealing in securities markets-once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), You need not undergo the same process again when you approach another intermediary.
    • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
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    • Investors may please refer to the Exchange’s Frequently Asked Questions (FAQ's) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
    • Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors

    If you are not satisfied with the resolution provided, you can lodge your complaint online at: https://scores.sebi.gov.in/link

    Download Pdf

    In case of grievance client can log on to the SMART ODR Portal, if they are unsatisfied with the response provided by us. Your attention is drawn to the SEBI circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131 dated July 31, 2023, on “Online Resolution of Disputes in the Indian Securities Market”.

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  • Please do not share your online trading password with anyone as this could weaken the security of your account and lead to unauthorized trades or losses.
    Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    Ahmedabad

    “Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009

    Mumbai

    Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.

    Contact Details

    Tel:079-26666500 / 6600500
    NPS Email ID:nps@mnclgroup.com
    Compliance Officer:Nikhil Parikh (Click to view details)
    Compliance Email:compliance@mnclgroup.com
    Compliance Tel:+91-79-26666768

    “Filing of complaints on SCORES – Easy & quick
    (Link is given in our useful link option on our website)

    • A. Register on SCORES portal
    • B. Mandatory details for filing complaints on SCORES:
      • I. Name, PAN, Address, Mobile Number, Email ID
    • C. Benefits
      • I. Effective communication
      • II. Speedy redressal of the grievances

    Email for Grievance: grievances@mnclgroup.com

    CLIENT BANK ACCOUNT DETAILS

    Investors are requested to note that Stock broker (Monarch Networth Capital Ltd) is permitted to receive money from investors through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Stock broker (Monarch Networth Capital Ltd) is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only (Click to View) for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker".

    Registered Numbers

    SEBI Registration No:INZ000008037
    NSE Member ID:06386
    BSE: Member ID :197
    MCX: Member ID :10585
    Date of Admission:28/02/2004
    NCDEX: Member ID :00011
    MSEI Member Code :84251
    Date of Admission:06/12/2003
    CDSL-DP ID:35000
    NSDL-DP ID:IN303052
    SEBI Reg (DP):IN-DP-278-2016
  • Complete name of entity registered with SEBI as Portfolio Manager:Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    PMS Registration No.:INP000006059
    Corporate Identification No.:L64990GJ1993PLC120014
    Principal Place of Business:301-302, 3rd Floor, Arunachal Building, Barakhamba Road, New Delhi - 110001
    Registered Office Address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Corresponding SEBI regional/local office Address:8th floor, Plate B, Tower 1, NBCC Complex, East Kidwai Nagar, New Delhi – 110023

    Contact Details

    Principal Officer:Md Shaukat Ali
    Contact No.:011-40851303
    Compliance Officer:Ms. Bhumika Gowda
    Contact No.:011-40851312

    Mechanism for addressing grievances and information about SCORES.

    Contacts for Investor Grievance

    pms.grievance@mnclgroup.com

  • Fund Name:Monarch AIF
    Category of AIF :Category III
    AIF Registration number :IN/AIF3/20-21/0787
    Registration Date :April 23, 2020
    Registered Office Address :Laxmi Tower, B Wing, 4th Floor, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400051

    Contact Details

    Fund Manager:Mr. Abhisar Jain
    Phone :+91 22 66746425
    Compliance Officer:Ms. Bhumika Gowda
    Phone :+91 22 66746424

    Gift City AIF Disclaimer

    Monarch Networth Capital IFSC Private Limited (Wholly owned subsidiary of Monarch Networth Capital Limited) is a Registered Fund Management Entity (Retail) having Registration No: IFSCA/FME/III/2025-26/169. Monarch India Growth Fund will be an open-ended Restricted Scheme (Non-Retail) construed as a Category III AIF under the IFSCA (Fund Management) Regulations, 2025. Monarch AIF is a Category III AIF having SEBI Registration No. IN/AIF3/20-21/0787. This material is for informational purposes only and is not intended as an offer or solicitation or investment advice to buy or sell securities. Investments are subject to market risks. The offering is made only through official scheme documents to eligible investors under GIFT IFSC regulations. Investors should read all documents carefully and consult their advisors before investing.

  • Complete name of entity registered with SEBI as Merchant Banker:Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    MB Registration No.:INM000011013
    Corporate Identification Number:L64990GJ1993PLC120014
    Principal Place of Business:4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
    Registered office address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050

    Contact Details

    Compliance Officer:Mr.Jayesh Bhagwat
    Contact No.:(022) 66476400
    Email for Regulatory Communication:mbdcompliance@mnclgroup.com

    Mechanism for addressing grievances and information about SCORES.

    Contacts for Investor Grievance

    mbd@mnclgroup.com

  • Complete name of entity registered with SEBI as Research Analysts :Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    RA Registration No.:INH000000644
    BSE Enlistment No.:5039
    Corporate Identification Number: L64990GJ1993PLC120014

    Contact Details

    Registered office address: Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Principal Place of Business: 4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
    Principal Officer: Sahil Sanghvi
    Compliance Officer: Nikhil Parikh
    Telephone no.: +91-79-26666768
    Contacts for Investor Grievance: ragrievance@mnclgroup.com
  • Complete name of entity registered with SEBI as Investment Adviser : Monarch Networth Investment Advisors Private Limited
    Type of Registration (Individual, Non-Individual) :Non-Individual
    IA Registration No.: INA000005721
    BSE Enlistment No.:2005
    Validity of registration : Perpetual
    Corporate Identification Number : U74140GJ2007PTC052348
    Registered office address : Monarch House, Nr. Ishwar Bhuwan Cross Road, Nr. Commerce Six Road, Navrangpura, AHMEDABAD, GUJARAT, 380009
    Corresponding SEBI Office address: SEBI Bhavan, Western Regional Office, Panchvati 1st Lane, Gulbai Tekra Road, Ahmedabad - 380006, Gujarat

    Contact Details

    Compliance Officer : Ankita Sudhir Madhwani
    Telephone no. : +91 22-66476405
    Registration granted by SEBI, enlistment of IA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
  • AMC's Empanelled

    AMFI Registered Mutual Fund Distributor - ARN-8812

    Regulatory Details

    Complete name of entity registered with SEBI as : Monarch Networth Capital Limited
    AMFI Registration No. :8812
    Validity of ARN: 29-03-2028
    Registered Office address:Office No 901/902, 9Th Floor, Atlanta Centre, Opp Udyog Bhavan, Sonawala Road Goregaon East, MUMBAI, MA- 400063
    Corporate Office and Principal Place of Business : Monarch House, Nr. Ishwar Bhuwan Cross Road, Nr. Commerce Six Road, Navrangpura, AHMEDABAD, GUJARAT, 380009

    Contact Details

    Email address : mutualfund@mnclgroup.com
    Telephone no. :079-66000790
    Compliance Officer : Nikhil Parikh
    Compliance Email : compliance@mnclgroup.com
    Compliance Tel :079-26666768

    Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

  • Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

    For Broking and Demat Related Queries

    Call on this number +91-79-26666768
    For any queries related to broking please contact helpdesk@mnclgroup.com
    Escalation Matrix

    Monarch Networth Capital Limited

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    Ahmedabad

    “Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009

    Mumbai

    Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.

    Contact Details

    “Filing of complaints on SCORES – Easy & quick
    (Link is given in our useful link option on our website)

    • A. Register on SCORES portal
    • B. Mandatory details for filing complaints on SCORES:
      • I. Name, PAN, Address, Mobile Number, Email ID
    • C. Benefits
      • I. Effective communication
      • II. Speedy redressal of the grievances

    Email for Grievance: cs@mnclgroup.com

    Company Secretary & Compliance Officer

    (As per LODR Regulations and Companies Act, 2013)

    Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances :
    Mr. Nitesh Tanwar : 022 - 66476400 / 66476405

    Listing of Equity Shares on Stock Exchange at

    BSE

    Add :Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
    Scrip Id :Monarch Scrip Code : 511551

    NSE

    Add :Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051.
    Scrip Id :Monarch Scrip Code : MONARCH

    Demat ISIN Numbers in NSDL & CDSL for

    Equity Shares:INE903D01011

    REGISTRAR AND SHARE TRANSFER AGENT

    MUFG Intime India Private Limited

    (Formerly known as Link Intime India Private Limited)

    Add:C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
    Tel:(0) 810 811 6767
    Toll-free number:1800 1020 878
    Fax:022 - 4918 6060

    For any queries related to broking please contact helpdesk@mnclgroup.com.

Disclaimer

‘Investments in securities market are subject to market risks, read all the related documents carefully before investing.’

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