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NSE IPO grey market premium slips after pre-IPO lock-in begins
Grey market data put NSE’s GMP near ₹300 on 7 September 2026, implying an upper IPO price band below ₹1,750 if that premium holds.
Speculation around the NSE’s upcoming IPO price band intensified after the pre-IPO investors lock-in period started on 8 September 2026, with LiveMint Markets pointing to grey market signals from 7 September 2026.
According to the outlet, NSE shares ended around ₹2,050 in the unlisted market on 7 September 2026, the last day for pre-IPO investors to offload their holdings to avoid the six-month lock-in. With grey market premium at roughly ₹300 that day, the implied relationship suggested the IPO price band should be capped below ₹1,750.
LiveMint Markets reported that one expert said the grey market signaled a premium while the lock-in began, and that pre-IPO investors who did not sell will have to wait six months before they can exit. The article also said the NSE IPO is structured as an OFS, and that a price above ₹1,750 would indicate higher valuation.
The outlet added that grey market profit-booking showed NSE’s GMP around ₹273, down from ₹285 the previous day, and said observers are waiting for an expected price-band announcement by Friday this week.