# NSE IPO subscribed 5.71 times, listing set for September 23

2026-09-21T16:07:15+00:00 | Governance | Indian Opinion Desk

Corroboration: 4 independent outlets

The National Stock Exchange of India's Rs 22,569-crore initial public offer was subscribed 5.71 times on Monday, the final day of bidding. Investors placed bids for 50.58 crore shares against 8.86 crore on offer, exchange data showed. Including anchor investments, total bids reached Rs 96,476 crore at the upper end of the Rs 1,700-1,785 per share price band. Institutional investors led demand, with the qualified institutional buyer quota subscribed 12.68 times. Retail interest was tepid at 1.39 times. Anchor investors included Life Insurance Corporation of India, Goldman Sachs, Fidelity, GIC Singapore and Abu Dhabi Investment Authority. The NSE IPO is India's second-largest public issue after Hyundai Motor India's 2024 offering. Since it is an offer for sale by existing shareholders, the proceeds will not go to the exchange. NSE shares are scheduled to list on September 23, ending a decade-long effort stalled by regulatory hurdles including the co-location controversy.

## Indian Opinion Analysis

All four sources report the same subscription number, anchor list and listing date, making this uniform straight reporting. The New Indian Express adds a comparison table showing the NSE IPO's 5.71x subscription far exceeds the Hyundai, LIC, Paytm and Tata Capital issues, a detail the others omit. The significance lies in the retail quota: only 1.13-1.39x subscribed across sources, against 7.99-12.68x for institutional investors, confirming the exchange's near-decade of regulatory delays did not deter large buyers. The September 23 listing day now tests whether the 5.7x demand translates into a stable debut or profit-booking.

## Coverage

- timesofindia.indiatimes.com (neutral report) <https://timesofindia.indiatimes.com/business/india-business/nse-ipo-subscribed-5-7-times-as-bidding-ends-shares-to-list-on-september-24/articleshow/134389676.cms>
  Leads with subscription number and anchor total, adds timeline of regulatory delays
- deccanherald.com (neutral report) <https://www.deccanherald.com/business/nse-ipo-subscribed-nearly-6-times-attracts-nearly-rs-90300-crore-of-demand-4154221>
  Bare fact subscription figure from BSE with no analysis
- newindianexpress.com (neutral report) <https://www.newindianexpress.com/business/2026/Sep/21/nse-ipo-draws-571x-bids-highest-among-indias-top-five-public-issues>
  Leads with comparison to other top IPOs, reports revenue decline detail other sources omit
- timesnownews.com (neutral report) <https://www.timesnownews.com/business-economy/markets/nse-ipo-draws-over-rs-96000-crore-subscribed-5-7-times-as-bidding-ends-article-156198467>
  Leads with dollar value of demand, includes market share statistics

Tags: Goldman Sachs, Hyundai Motor India, LIC, NSE, NSE IPO, SEBI
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