NSE Receives SEBI Approval for ₹30,000 Crore IPO

The National Stock Exchange of India Limited (NSE) has received SEBI's final approval to launch its proposed initial public offering (IPO). The market regulator issued its observation letter on September 4, 2026, allowing the exchange to proceed with the public issue after reviewing its draft red herring prospectus (DRHP), filed on June 17, 2026.

The IPO is expected to raise over ₹30,000 crore through an Offer for Sale (OFS) of up to 14.89 crore equity shares by existing shareholders.

NSE IPO - Issue Details

• Issue Type: Book-Built Issue (OFS only)
• Total Issue Size: Up to 14.89 crore equity shares 
• Fresh Issue: Not Applicable
• Offer for Sale (OFS):  Up to 14.89 crore equity shares 
• Face Value: ₹1 per share
• Price Band: To be announced
• Lot Size: To be announced
• Listing: BSE
• Book Running Lead Managers (BRLMs): Kotak Mahindra Capital Company Limited,  JM Financial Limited, Morgan Stanley India Company Private Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited, Anand Rathi Advisors Limited, Avendus Capital Private Limited, Axis Capital Limited, DAM Capital Advisors Limited, Equirus Capital Limited (formerly known as Equirus Capital Private Limited), HDFC Bank Limited, ICICI Securities Limited, IDBI Capital Markets & Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, Pantomath Capital Advisors Private Limited, W 360 ONE WAM Limited 
• Registrar to the Issue: MUFG Intime India Private Limited

NSE IPO Structure: Entirely an Offer for Sale

The NSE IPO is entirely an Offer for Sale (OFS) of up to 14.9 crore equity shares, meaning the exchange will not receive any proceeds from the issue. The entire amount raised will go to existing shareholders selling their stakes.

Key selling shareholders include SBI, CPPIB, Morgan Stanley affiliates, Temasek-backed Aranda Investments, Bank of Baroda, GIC Re, and other public sector insurers, with SBI expected to be the largest seller. LIC, Premji Invest, and Radhakishan Damani are not participating in the OFS.

About NSE Limited

National Stock Exchange (NSE) is India's largest stock exchange, leading the cash market, equity derivatives, and exchange-traded currency derivatives by turnover from Fiscal 2001 to Fiscal 2026. In FY2026, it was also the world's largest multi-asset exchange by the number of cash equity trades and equity derivatives contracts traded, with an 11.38% global share in cash equities and 51.18% in equity derivatives.

NSE operates a vertically integrated platform offering trading, clearing, listing, settlement, market data, and licensing services across multiple asset classes. As of March 31, 2026, it served 129.09 million unique investors, supported 253.66 million investor accounts, 1,325 trading members and hosted 2,978 listed entities with a total market capitalization of ₹411.25 trillion.

Key Financial Highlights 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here.