• Price band of Rs 1,700 – Rs 1,785 per Equity Share bearing face value of Rs. 1 each (“Equity Shares”)
  • Anchor Investor Bidding Date – 16th September 2026
  • Bid/Offer Opening Date 17th September 2026 and Bid/Offer Closing Date 21st September 2026
  • Minimum Bid Lot is 8 Equity Shares and in multiples of 8 Equity Shares thereafter

Mumbai: National Stock Exchange of India Limited has fixed the price band of Rs 1,700/- to Rs 1,785/- per Equity Share of face value Rs. 1/- each for its initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on 17th September 2026, for subscription and close on 21st September 2026.

Investors can bid for a minimum of 8 Equity Shares and in multiples of 8 Equity Shares thereafter.

Equity shares outstanding as on date 2,475,000,000 equity shares of Rs. 1 each.

The IPO, with a face value of Rs. 1, is an offer-for-sale up to 126,436,650 equity shares by corporate selling shareholders – State Bank of India, Canada Pension Plan Investment Board, Aranda Investments (Mauritius) Pte Ltd, MS Strategic (Mauritius) Ltd, The New India Assurance Company Ltd, SBI Capital Markets Limited (SS), Bank of Baroda, Stock Holding Corporation of India Limited, General Insurance Corporation of India Limited, and United India Insurance Company Limited.

The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with no more than 50% reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for Retail Individual Investors (RIIs).

Kotak Mahindra Capital Company Limited, JM Financial Limited, Morgan Stanley India Company Private Limited, Citi Global Markets India Private Limited, HSBC Securities & Capital Markets India Private Limited, JP Morgan India Private Limited, SBI Capital Markets Limited, Anand Rathi Advisors Limited, Avendus Capital Private Limited, Axis Capital Limited, DAM Capital Advisors Limited, Equirus Capital Limited, HDFC Bank Limited, ICICI Securities Limited, IDBI Capital Markets & Securities Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, Pantomath Capital Advisors Private Limited and 360 ONE WAM Limited, are the book-running lead managers.

MUFG Intime India Private Limited is the registrar to the issue.

The equity shares are proposed to be listed on BSE.