GENERAL18 Sept 2026
NSE IPO Day 2: Issue subcribed 43% so far. GMP hints 8% listing pop. Check review, key dates. Should you apply or skip? | Stock Market News
NSE's ₹22,569-crore initial public offering (IPO) opened on Thursday and was 43% subscribed on day one, with the price band at ₹1,700–₹1,785 per share. Bidding closes Monday, 21 September. The grey market premium (GMP) of ₹142 points to a listing price near ₹1,927, about 8% above the upper band. Apply only if you can hold long term.
Key Statutory Highlights
- NSE's ₹22,569-crore IPO was 43% subscribed on day one, with the retail portion at 44% and non-institutional investors at 72%.
- The price band is ₹1,700–₹1,785 per share, with a lot size of 8 shares, and bidding closes on Monday, 21 September.
- The grey market premium of ₹142 suggests a listing price of about ₹1,927, roughly 8% higher than the upper price band.
Actionable Advice for Taxpayers / Founders:Check the final subscription numbers and your own risk appetite before bidding, since the grey market premium has been volatile and the estimated listing price is not guaranteed.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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