India's National Stock Exchange draws over $10 billion in bids for its initial public offering

The National Stock Exchange of India's initial public offering attracted more than US$10 billion in bids by the final day of bidding on September 21, 2026. The US$2.3 billion IPO, India's second-largest ever, was subscribed 5.71 times. The exchange, which dominates India's cash and options markets, will list on the rival Bombay Stock Exchange on September 24. The listing comes amid a retail investor boom but also a slowdown in derivatives trading due to regulatory changes. Analysts remain optimistic about long-term growth prospects for India's capital markets.