{"id":2209,"date":"2026-09-25T08:33:54","date_gmt":"2026-09-25T08:33:54","guid":{"rendered":"https:\/\/newsraise.com\/in\/2026\/09\/25\/nse-debut-5-rise-top-10-firms\/"},"modified":"2026-09-25T08:33:54","modified_gmt":"2026-09-25T08:33:54","slug":"nse-debut-5-rise-top-10-firms","status":"publish","type":"post","link":"https:\/\/newsraise.com\/in\/2026\/09\/25\/nse-debut-5-rise-top-10-firms\/","title":{"rendered":"NSE debut sees 5% rise, joins India&#8217;s top\u201110 firms after record IPO"},"content":{"rendered":"\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"9fece8afa224fd09e54b043d0febfb58\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- NR ATF -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-8898941184964366\"\r\n     data-ad-slot=\"4839033563\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p>The National Stock Exchange of India (NSE) completed its long\u2011awaited public listing on September 24, 2026, with shares opening at a modest 0.84\u202f% premium to the offer price and quickly climbing to a 5\u202f% premium. The debut price of \u20b91,800 on the Bombay Stock Exchange (BSE) surged to \u20b91,878 within minutes, ending the day at \u20b91,818 \u2013 a 1.85\u202f% gain over the \u20b91,785 IPO price.<\/p>\n<h2>IPO size and subscription strength<\/h2>\n<p>The NSE\u2019s offering of \u20b922,569\u202fcrore (approximately $2.7\u202fbillion) ranks as India\u2019s second\u2011largest public issue, trailing only Hyundai Motor India\u2019s \u20b927,870\u202fcrore IPO in 2024. The issue also eclipsed the \u20b921,000\u202fcrore LIC offering of 2022. Investor demand was robust, with the overall subscription level recorded at nearly six times the issue size and institutional demand reported at 12\u2011times, according to market participants. Retail participation was described as subdued, yet the total subscription figure of 5.71\u202ftimes overall reflects strong appetite across the board.<\/p>\n<p>At the time of listing, the exchange\u2019s market capitalisation was reported at \u20b94.53\u202flakh\u202fcrore, rising to \u20b94.62\u202flakh\u202fcrore later in the session, underscoring the scale of the transaction and the valuation placed on the platform.<\/p>\n<h2>Share price trajectory and market reaction<\/h2>\n<p>Trading activity on the debut day was marked by rapid price movements. After the opening at \u20b91,800, the stock rose to \u20b91,872.05 by 10:09\u202fa.m. and peaked at \u20b91,878 shortly thereafter. By 10:44\u202fa.m., the price stood at \u20b91,861.45, and at 12:03\u202fp.m. the shares were quoted at \u20b91,847.15 \u2013 nearly a 3\u202f% rise from the offer price. The upward momentum continued, with the price reaching \u20b91,844.30 at 1:02\u202fp.m., a 2\u202f% increase over the listing price of \u20b91,800 and a 3\u202f% rise over the IPO price.<\/p>\n<p>Mid\u2011day trading data showed a net sell\u2011side pressure, with 4,37,72,98 shares sold against 3,66,14,51 bought, according to BSE figures at around 2:30\u202fp.m. Despite this, the stock closed the session with a modest gain, ending at \u20b91,818 on the BSE.<\/p>\n<p>The broader market context was less favourable. The Sensex fell 1,247.71 points (1.67\u202f%) to 73,580.54, while the Nifty\u202f50 dropped 383.70 points (1.64\u202f%) to 23,063.10, reflecting a sharp sell\u2011off led by banking and financial stocks. Nevertheless, the NSE\u2019s debut remained insulated from the broader decline, delivering a positive return on the day.<\/p>\n<h2>Analyst coverage, valuation outlook and investor base expansion<\/h2>\n<p>Multiple brokerage houses initiated coverage of the newly listed stock. Emkay Global launched a BUY recommendation with a target price of \u20b92,050 for September\u202f27, citing a 24\u202f% revenue CAGR and 26\u202f% PAT CAGR over FY21\u201126, and forecasting a 12\u202f% revenue CAGR for FY27\u201129. PL Capital offered an \u201cAccumulate\u201d rating with a target of \u20b91,950, applying a 35\u2011times FY29E price\u2011to\u2011earnings multiple, while Macquarie assigned an \u201cOutperform\u201d rating and set a target of \u20b91,965, highlighting the exchange\u2019s dominant market share and technology platform.<\/p>\n<p>Capwise Financial Services founder Naresh Biyani described the listing as a \u201clandmark for Indian capital markets,\u201d noting that the NSE is now publicly accountable and that the disciplined pricing reflected strong institutional demand rather than weak sentiment. He emphasized the importance of future regulatory decisions on derivatives, the exchange\u2019s primary earnings engine, and framed the IPO as a green\u2011light for promoters, private\u2011equity funds and growth\u2011stage companies.<\/p>\n<p>From an ownership perspective, the IPO dramatically broadened the shareholder base. NSE MD &#038; CEO Ashish Chauhan stated that the exchange had previously counted roughly two lakh investors, and an additional 34\u202flakh joined after the listing, bringing the total to nearly 36\u202flakh. Bonanza senior research analyst Abhinav Tiwari echoed this expansion, noting the rise from around 2\u202flakh to almost 36\u202flakh shareholders, while also cautioning that the stock may need a full quarter for price discovery and that near\u2011term risks include reduced trading activity in the closing auction and potential selling pressure after the lock\u2011in period.<\/p>\n<p>Overall, the NSE\u2019s debut placed it among India\u2019s top\u201110 most valuable firms, a status confirmed by live updates during the listing day. The exchange\u2019s entry onto the D\u2011Street aligns India with markets such as the United States, United Kingdom, Hong Kong and Germany, where the dominant exchange is publicly listed.<\/p>\n<p>While the broader market faced a downturn, the NSE\u2019s successful listing, strong subscription levels, and positive price performance underscore the platform\u2019s central role in India\u2019s financial infrastructure and its potential to attract continued institutional interest in the months ahead.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s National Stock Exchange listed at a 5% premium, making it the country&#8217;s second\u2011largest IPO and propelling the exchange into the top\u201110 most valuable firms.<\/p>\n","protected":false},"author":3,"featured_media":2210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[299],"tags":[499,1365,1368,2032,214],"class_list":["post-2209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-finance","tag-indian-stock-market","tag-ipo","tag-listing","tag-nse","entry"],"_links":{"self":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/comments?post=2209"}],"version-history":[{"count":0,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media\/2210"}],"wp:attachment":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media?parent=2209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/categories?post=2209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/tags?post=2209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}