Retail investors subscribed the NSE IPO 1.36 times, a lower multiple than institutions at 12.68 times.

The retail quota is a smaller share of the offer, and its subscription depends on the lot size and price.

One lot is 8 shares, so the minimum investment is about Rs 14,280.

Overall subscription was 5.69 times.

Listing is expected on September 24.

The lot size is 8 shares, which makes the minimum investment about Rs 14,280 at the upper end of the price band.

The issue is entirely an offer for sale, which means the proceeds go to existing shareholders selling their stake and not to the exchange itself.

Bidding opened on September 17, 2026, and closed on September 21, 2026.

The shares are tentatively expected to list on September 24, 2026.

The grey market premium was reported at about Rs 61 per share, which would suggest listing gains of around 3.5 percent, though grey market figures are unofficial and can change quickly.

After Hyundai Motor India’s Rs 27,870 crore IPO in 2024, the NSE issue is the second-largest public offering in India.

Earlier on the final day, the issue had been reported at 1.16 times subscription before institutional demand came in late in the day.

The size of the offer drew liquidity away from the secondary market during the week, and market commentary linked it to the muted gains in benchmark indices.

Investors who applied in the IPO can check allotment status through the registrar once the basis of allotment is finalised, which is expected on September 22.

IPO subscription figures show demand at the close of bidding and do not guarantee a listing gain, since listing-day prices depend on market conditions.

The Rs 22,569 crore initial public offering of the National Stock Exchange of India received 5.69 times subscription on the final day of bidding, September 21, 2026.

National Stock Exchange of India, Mumbai (representative image), Wikimedia Commons, CC BY-SA 2.0

Market wraps reported the Nifty closing at 23,414.30 on Monday, up about 68 points.

The Sensex closed at 74,858.99, up about 564 points, according to the same reports.

The move followed six weekly losses.

Crude oil eased, and Asian markets were higher.

Direction ahead depends on oil, foreign flows and Middle East developments.

The gains came as easing crude oil prices offered relief to a market that had been on edge over Middle East tensions.

Brent crude fell about 2.2 percent to roughly 101.56 dollars a barrel, and US crude fell about 2.4 percent to about 97.93 dollars.

Asian markets had closed broadly higher, with South Korea’s Kospi up 1.43 percent and Japan’s Nikkei up 1.38 percent.

InterGlobe Aviation, which runs IndiGo, rose about 1.55 percent to Rs 4,996.50, helped by lower fuel costs.

Sun Pharma rose about 1.39 percent and Reliance Industries about 1.36 percent in early trade.

Adani Ports fell about 2.8 percent, Bharti Airtel about 2.3 percent and Wipro about 1.8 percent.

The rebound followed a sixth consecutive weekly loss for the Sensex and Nifty, the longest such run in about six years for the Sensex.

Investors were also watching the closing of the Rs 22,569 crore NSE IPO, which had drawn liquidity from the secondary market.

Oil-importing India is sensitive to crude prices, since lower prices reduce the import bill and support the rupee and inflation outlook.

Market direction in the coming days is likely to depend on crude oil, foreign fund flows and developments in the Middle East.

In early trade on Monday, September 21, the BSE Sensex rose 419.94 points, or 0.57 percent, to 74,714.90.

The NSE Nifty 50 added 39.75 points, or 0.17 percent, to 23,386.15 in early deals.

Some reports put the opening levels slightly lower, with the Sensex up about 330 points at 74,624.74 and the Nifty at about 23,372.

Phiroze Jeejeebhoy Towers, Bombay Stock Exchange (representative image), Wikimedia Commons, CC BY-SA 2.0

The Nifty gained for a third straight session on Friday, closing at 23,346.40, but the index still ended the week lower for a sixth week in a row.

The Sensex ended at 74,294.96, down 19.63 points.

For the week, the Sensex fell 0.65 percent and the Nifty fell 0.22 percent.

A large NSE IPO drew liquidity away from the market during the week.

Crude oil and West Asia tensions continued to weigh on sentiment.

Crude oil remained a key factor, with Brent crude trading above the 100 dollar a barrel mark and easing to about 103 dollars on Friday.

Geopolitical concerns in West Asia continued to weigh on sentiment through the week.

Foreign institutional investor selling and elevated US bond yields were also cited among the pressures on the market.

A large NSE IPO worth about Rs 22,569 crore drew capital away from the secondary market during the week and constrained liquidity.

Technology stocks were among the laggards, and Tata Group shares including TCS and Titan fell sharply, with some of the declines running up to about 4 percent.

Banking, energy and life insurance stocks, including HDFC Life and SBI Life, were among the gainers.

The divergence between a falling Sensex and a rising Nifty on Friday reflected differences in the two indices’ constituents and bargain buying in some Nifty stocks.

On Thursday, September 17, the Sensex had closed at 74,314.59 and the Nifty at 23,270.60.

The Nifty 50 has now advanced for three sessions in a row, even though the weekly figures remain negative.

Market participants are watching crude oil prices, foreign fund flows and corporate earnings for cues on direction in the coming week.

Trading resumes on Monday, September 21, after the weekend.

On Friday, September 18, the 30-share Sensex fell 19.63 points, or 0.03 percent, to settle at 74,294.96.

Bombay Stock Exchange building, Mumbai (representative image), Wikimedia Commons, CC BY 2.0