Negative impactIPO
NSE IPO Day 2: Subscription At 0.55x, GMP At Rs 120, Should You Hit Subscribe?
ABP Live English 2d ago·18 Sept 2026, 7:27 am
The National Stock Exchange of India (NSE) concluded its second day of the initial public offering (IPO) with a subscription level of 0.55 times. This indicates that the offer has been under-subscribed, meaning the demand from investors is lower than the quantity of shares available. The grey market premium (GMP) currently stands at Rs 120, suggesting that the listing price may be set slightly above the issue price.
For investors, this mixed data point requires careful consideration. The low subscription figures imply that the IPO is not receiving strong support from retail or institutional investors at this stage. While the GMP suggests a potential premium at listing, the gap between the grey market expectation and the actual market demand remains a key factor to monitor. The final subscription numbers will be crucial in determining the stock's opening price on the listing day.
Investors should watch for the final subscription status and the overall market sentiment leading up to the listing. A sudden surge in demand or a positive market environment could impact the listing price. It is advisable to assess the risk-reward ratio based on the final subscription data and the company's fundamentals before making any investment decisions.
Excerpt from ABP Live English
The grey market premium (GMP) for the NSE IPO stood at Rs 120 per share as of 12:30 PM on September 18, according to IPOJi. The GMP was Rs 10 lower than the previous recorded quote. The NSE IPO is currently in its second day of bidding, with the Rs 22,561.57-crore issue receiving 55 per cent subscription by 11:30 AM…Read the original at ABP Live English
Key takeaways
- Category: IPO.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
