The long-pending NSE IPO is finally moving closer to reality, which ideally should bring positive sentiments for NSE Unlisted Shares. But the recent changes in NSE Share Price is telling a different story. Is the OFS eligibility creating a demand-supply mismatch? Let’s analyse in this blog.
9% Dip In NSE Share Price From Rs 2075 Peak
In Feb 2026, as the NSE IPO process gained momentum, NSE unlisted shares kept a trading high of Rs 2075 per share. By March and April 26, the unlisted price had corrected by 9%, trading as low as Rs 1,885 per share.
Despite healthy fundamentals and increasing users, where is this mismatch coming from? Is it the OFS rules? Let’s check
NSE IPO OFS Eligibility Rules Kicking In
Not every shareholder holding NSE unlisted shares is eligible to sell their shares in the NSE IPO through OFS. A major condition is that you hold the NSE Unlisted Shares before June 15th, 2025. This date is an estimation of the DRHP filing and can be revised.
For applying for the NSE IPO OFS, the last date for sending an expression of interest is 27th April 2026. So if you purchased NSE Unlisted shares after 15th June, you won’t be eligible to sell the same in the NSE IPO. You won’t be getting the early investor privilege. Let’s understand what possible problem this can create.
Also Read: NSE IPO OFS Guide: Who Can Apply & How
Possible Demand Supply Mismatch
The investors who are selling could be the long-term eligible investors who are derisking their investments and avoiding pre ipo certainty. They could also be the investors who entered a buying trade in the last 6-12 months with an expectation that an “IPO is coming, and we can get pre-listing gains", but it turns out that they are not eligible.
This could have created an exit sentiment before the price further fell and slipped into reactive selling, thus creating a supply > demand situation. This price correction is a major change, but it's a cool-off, not a panic sell.
When Is Nse Ipo Coming?
After years of legal hurdles, the NSE IPO is moving forward to an official listing on the stock market. According to Moneycontrol, NSE is likely to file its DRHP (Draft Red Herring Prospectus) by June 26. This will be a 100% Offer For Sale (OFS). The existing shareholders will participate for a stake of 4-4.5%.
Guaranteed Pre-IPO Gain Is A Myth
Many Pre ipo investors often think like retail investors that if a company’s IPO is coming, the listed gains are almost guaranteed, and they invest in pre-IPO shares. But later on, when they realise that there is no special allocation, the buyer sentiment dips, and the share price starts correcting itself. So, guaranteed gains in the pre-IPO market arehigh trading value a myth
