# NSE IPO opens September 17 at Rs 1,700-1,785 per share

2026-09-14T23:27:51+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 3 independent outlets

National Stock Exchange will open its initial public offering for subscription on September 17, with a price band of Rs 1,700 to Rs 1,785 per share. The issue is a complete offer for sale of 12.64 crore shares by existing shareholders including State Bank of India, SBI Capital Markets, and General Insurance Corporation. At the upper end, the IPO values NSE at about Rs 4.42 lakh crore. Chief executive Ashishkumar Chauhan said the exchange aims to cut dependence on options trading, which contributed 60 per cent of operating revenue in FY26, by expanding into specialised investment funds, commodities, and ETFs. The exchange has not sought Sebi approval to list on its own platform, shares will trade on BSE. All pre-IPO investors face a six-month lock-in, after which NSE expects 100 per cent public float. The listing threatens to depress India's unlisted shares market, which had relied on NSE for roughly half its trading volume, according to platform UnlistedZone. Anchor investors may bid from September 16, with the public window closing on September 21.

## Indian Opinion Analysis

All three outlets report the same core facts: NSE's IPO opens September 17, price band Rs 1,700-1,785, entirely an offer for sale. Coverage is uniform straight reporting. The narrow variation is in emphasis. Rediff.com and The Hindu Business Line lead with Chauhan's diversification plan and the revenue mix, framing the IPO as a growth story. Livemint's Bloomberg-originated piece, by contrast, leads with the shadow-market disruption, quoting platforms that now face a hollowed-out trade. Neither framing is wrong, but together they show two consequences of the same event: NSE's effort to reduce options dependency and the unlisted market's search for a new anchor stock. The date to watch remains September 17, when anchor investors begin bidding.

## Coverage

- rediff.com (neutral report) <https://www.rediff.com/business/report/after-6-months-nse-scrip-will-have-100-free-float/20260912.htm>
  Leads with management's diversification strategy and revenue mix, neutral agency-style report
- thehindubusinessline.com (neutral report) <https://www.thehindubusinessline.com/markets/nse-looks-to-diversify-revenue-beyond-weekly-options-ahead-of-22569-crore-ipo/article71457150.ece>
  Straight report on IPO details, revenue breakdown, and shareholder sale reductions
- livemint.com (neutral report) <https://www.livemint.com/market/ipo/landmark-nse-ipo-threatens-to-hollow-out-india-shadow-market-11789437539366.html>
  Bloomberg wire leads with shadow-market disruption, not IPO details

Tags: Ashishkumar Chauhan, BSE, NSE, SEBI, State Bank of India
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