NSE IPO Gets SEBI Nod: India’s Largest Offering Expected
By ThePip Desk
National Stock Exchange (NSE) receives SEBI’s no-objection for its IPO, potentially raising over Rs 30,000 crore, aiming to be India’s largest stock market offering.
The National Stock Exchange (NSE) has secured a “no objection certificate” (NOC) from market regulator SEBI for its initial public offering. This move clears the path for what street estimates suggest could be an IPO exceeding Rs 30,000 crore, potentially India’s largest.
Key Financial Figures
- Estimated IPO value: Could exceed Rs 30,000 crore
- Bloomberg valuation target: Up to Rs 5.26 lakh crore ($55 billion)
- Shares offered: Approximately 14.89 crore equity shares
- Percentage of paid-up equity capital: Nearly 6%
- Hyundai Motor India’s offer (current record): Rs 27,870 crore
NSE CEO Ashishkumar Chauhan confirmed SEBI’s approval at FICCI’s Annual Capital Markets Conference 2026. NDTV Profit previously reported on July 30 that the NSE anticipated listing on the BSE by September 2026.
IPO Structure & Management
The IPO will be entirely an offer for sale (OFS), involving existing shareholders selling their stakes. The NSE, known for operating the world’s largest derivatives exchange by trading volume, submitted its draft IPO papers to SEBI on June 17.
- Kotak Mahindra Capital Co.
- JM Financial Ltd.
- Morgan Stanley
- HSBC Holdings Plc
- Citigroup Inc.
These are among the twenty banks appointed to manage the offering. Final details concerning the IPO’s size, valuation, and listing timeline remain contingent on prevailing market conditions and investor feedback.