The Securities and Exchange Board of India (SEBI) approved the National Stock Exchange's (NSE) initial public offering (IPO) valued at ₹30,000 crore on September 4, 2026. This IPO will consist entirely of an offer for sale (OFS) of 14,89,05,525 shares. The NSE filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 17, 2026.
Key Details
Market sources say the NSE may announce the IPO price band on September 11, 2026. The stock is expected to be listed on September 25, 2026. This IPO follows SEBI's recent approval of Jio Platforms' ₹37,700 crore IPO, which is set to be one of the largest in India.
Background
The corporate selling shareholders in the NSE IPO include State Bank of India, Canada Pension Plan Investment Board, and several insurance companies. The book-running lead managers for the IPO are Kotak Mahindra Capital Company, Morgan Stanley India, and HDFC Bank, among others. The current record for the largest IPO in India is held by Hyundai Motor India, which raised ₹27,870 crore in October 2024.
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The approval of the NSE IPO is likely to influence investor sentiment in the Indian equity markets. This is especially true in the financial sector. The upcoming listings of both NSE and Jio Platforms could drive increased trading activity and investment flows. Watch for the announcement of the IPO price band on September 11, 2026. This will provide further clarity on investor interest and market dynamics.
Based on reporting by: livemint.com, moneycontrol.com