NSE IPO GMP Surges to Rs 226 Ahead of Anticipated DRHP Filing: Check Price Band, Timeline, and Shareholder Details

Anticipation surrounding the upcoming Initial Public Offering (IPO) of the National Stock Exchange (NSE) has intensified significantly within financial circles. Market trackers report that the grey market premium (GMP) for the NSE IPO has reached Rs 226 per share, maintaining a robust trading range between Rs 221 and Rs 310 over the past six trading sessions.

Boasting a massive shareholder base of approximately 1.7 lakh investors—the highest for any unlisted entity in the country—the exchange is steadily pacing toward one of the most significant market debuts in Indian financial history.

Expected Price Band Set Between Rs 1,750 and Rs 1,785 With a Valuation of Rs 4.41 Lakh Crore

According to exclusive inputs from CNBC-TV18 sources, the NSE is expected to establish its official price band between Rs 1,750 and Rs 1,785 per share.

At the upper limit of this pricing structure, the exchange's total valuation is projected to touch an astounding Rs 4.41 lakh crore. Market insiders indicate that the exchange is slated to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), with the official price band announcement anticipated around September 15, 2026. Furthermore, the public issue is projected to open for anchor investors on September 17, followed by public bidding running from September 18 to September 22, 2026.

Pure Offer for Sale Involving Major Public Sector and Institutional Shareholders

The upcoming public offering is structured entirely as an Offer for Sale (OFS), allowing several prominent institutional shareholders to offload portions of their equity stakes. A diverse mix of public sector undertakings and marquee private institutions feature among the selling shareholders. Prominent public sector entities participating in the share sale include the State Bank of India (SBI), Bank of Baroda, Indian Bank, GIC Re, The New India Assurance Company, United India Insurance, National Insurance Company, Oriental Insurance, and the Stockholding Corporation of India.

Simultaneously, leading private institutional investors such as Morgan Stanley, ChrysCapital, Canadian Pension Fund, and ICICI Lombard are lined up to dilute their holdings in this mega market event.