5 days ago
NSE IPO Nears Launch as SEBI Review Approaches Completion
The National Stock Exchange, or NSE, wants to become a publicly traded company.
Its regulator, SEBI, is close to approving the document needed for the IPO.
The IPO would let current shareholders sell some of their NSE shares.
NSE itself would not receive money from these sales.
Up to 148.9 million shares could be sold, equal to about 6% of the company.
The proposed offering was valued at around ₹30,000 crore based on NSE’s earlier unlisted-market valuation.
The review took longer after the list of selling shareholders changed.
Public comments on the proposal can now be submitted until August 31, 2026.
SEBI Chairman Tuhin Kanta Pandey said approval of NSE’s draft prospectus may be nearing.
The proposed IPO would involve existing shareholders selling up to 148.9 million shares, or about 6% of NSE.
The offering is entirely an offer for sale, meaning NSE itself would receive no proceeds.
The issue was estimated at about ₹30,000 crore based on NSE’s unlisted-market valuation at the time.
Public comments were extended by 21 days to August 31, 2026, after SBI Capital Markets became a selling shareholder.
- Who
- The National Stock Exchange, SEBI Chairman Tuhin Kanta Pandey, and existing NSE shareholders including State Bank of India and SBI Capital Markets.
- What
- SEBI is nearing approval of NSE’s draft prospectus for a proposed IPO involving secondary share sales.
- Where
- India.
- When
- The prospectus was filed in June, and the public-comment deadline was extended to August 31, 2026.
- Why
- Existing shareholders plan to sell NSE shares through an offer for sale, while the exchange seeks regulatory clearance for the listing process.
Key facts
- Regulator
- Securities and Exchange Board of India (SEBI)
- Exchange
- National Stock Exchange (NSE)
- Proposed sale
- Up to 148.9 million shares, representing about 6% of NSE
- Estimated issue value
- Around ₹30,000 crore based on NSE’s unlisted-market valuation at the time
- Offering structure
- Entirely a secondary share sale, or offer for sale
- NSE proceeds
- NSE itself would receive no proceeds from the share sale
- Public-comment deadline
- August 31, 2026
Sources
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