{
  "id": 6077430,
  "title": "NSE grey market premium soars on Sebi's IPO approval",
  "url": "https://urgent.news/2026/09/07/nse-grey-market-premium-soars-on-sebis-ipo-approval",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T00:43:07.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/nse-grey-market-premium-soars-on-sebis-ipo-approval/articleshow/133857380.cms"
  },
  "original_language": "en",
  "account": "Mumbai: The National Stock Exchange's anticipated initial public offering (IPO) has sparked significant activity in the unofficial grey market. Following the regulator's approval on Friday, the grey market premium (GMP) surged to ₹250-280 per share, up from the earlier range of ₹150-180, according to brokers. Although the IPO price and listing date are yet to be announced, traders anticipate the issue to be launched by the end of September. On Friday, the unlisted price of NSE shares stood at approximately ₹1,975 each. In the grey market, investors are willing to pay a premium over the IPO price for shares in the run-up to the listing. Estimates suggest the IPO size could be around ₹30,000 crore, which would result in a market capitalization of ₹5 lakh crore to ₹5.25 lakh crore. Manan Doshi, co-founder of Unlisted Arena, noted that the valuation at which the offering is priced will be crucial in determining market response. If the pricing provides sufficient value for investors, it could lead to heightened participation and positive sentiment surrounding the issue. NSE shares have been relatively stagnant in the unlisted market this year, primarily due to a lackluster market and a decline in derivatives volumes following the introduction of the closing auction session (CAS). Additionally, there appears to be little urgency among traders to purchase the shares ahead of the IPO, as several recent large issuances have been priced at valuations below the prevailing levels in the unlisted market.",
  "summary": "The National Stock Exchange's IPO has gained the necessary regulatory approval, leading to an increase in grey market premiums. Investors are now looking at a potential price hike for shares before they officially list. Brokers foresee the IPO launch by late September, with unlisted NSE shares trading at about ₹1,975, while the IPO size is estimated at around ₹30,000 crore.",
  "key_points": [
    "NSE IPO approval sparks grey market activity",
    "Grey market premium rises to ₹250-280 per share",
    "IPO expected to be listed by end of September"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}