NSE shares opened trading on the BSE at ₹1,800, just shy of a ₹1,800 target and a 0.9% premium to the ₹1,785 issue price, while the exchange also cleared the way for trading on the MSEI under the permitted‑to‑trade category.
The grey‑market premium (GMP) hovered around ₹65 per share, implying a theoretical listing price of ₹1,850 and a possible 3.64% gain over the issue price—though GMP can shift before the official opening.
Total subscription reached 5.71 times the issue size, with qualified institutional buyers (QIBs) 12.68‑times, non‑institutional investors 6.55‑times, and retail investors 1.39‑times the allotment, signalling strong demand that pushed the price to the top end of the ₹1,700‑₹1,785 band.
Anchor investors raised ₹6,746.18 crore from 189 participants, yet market speculation points to a demand of roughly ₹1.2 lakh crore—almost 20 times the anchor allocation—valuing NSE at about ₹4.4 lakh crore. The selling shareholders include State Bank of India, Canada Pension Plan Investment Board, and several insurance and financial firms.
With the listing now live, analysts anticipate a possible climb to ₹1,965 as trading volume builds and liquidity improves, while the broader market watches the exchange’s entry amid ongoing regulatory and legal shifts.