# NSE IPO subscribed 43% on Day 1, listing set for September 2026

2026-09-18T02:07:35+00:00 | Governance | Indian Opinion Desk

Corroboration: 3 independent outlets

NSE's Rs 22,562 crore IPO, the largest exchange listing in India, received 43% subscription on Day 1. The retail portion was subscribed 44%, employees' portion nearly fully, and non-institutional investors 72%. Qualified institutional buyers bid for 19% of their quota. The offer is entirely an offer for sale of 14.89 crore shares, and NSE will not receive any proceeds. Revenue from operations fell 8.2% sequentially to Rs 4,560 crore in Q1 FY27, but net profit rose 8.7% to Rs 3,120 crore. The listing is expected on September 24, 2026, and comes after nearly a decade of regulatory hurdles, including the co-location controversy. SEBI is expected to issue a final settlement order soon, with reports suggesting the amount may exceed Rs 1,400 crore.

## Indian Opinion Analysis

All three outlets report the same subscription figures with no significant framing differences. Business Today includes a share price discount for employees and analyst ratings. The Hans India adds the co-location controversy background and the likely SEBI settlement amount. Times of India highlights the value unlock for domestic institutions. The consistent neutral reporting across sources means the key watch item is the SEBI settlement order expected soon, which could affect listing sentiment.

## Coverage

- businesstoday.in (neutral report) <https://www.businesstoday.in/markets/ipo-corner/story/nse-ipo-indias-largest-exchange-gets-43-subscription-on-day-1-niis-retail-see-strong-demand-556242-2026-09-17?utm_source=rssfeed>
  Straight reporting with analyst ratings and employee discount detail
- thehansindia.com (neutral report) <https://www.thehansindia.com/business/nses-q1-revenue-declines-82-pc-sequentially-to-rs-4560-crore-ahead-of-ipo-1103152>
  Adds co-location controversy and SEBI settlement context
- timesofindia.indiatimes.com (neutral report) <https://timesofindia.indiatimes.com/business/india-business/nse-ipo-subscribed-43-on-day-1/articleshow/134323662.cms>
  Focuses on value unlock for domestic institutions

Tags: Abu Dhabi Investment Authority, IPO, LIC, Norway Government Pension Fund, NSE, SEBI
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