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NSE IPO Highlights Exchange’s Scale, Dominance and Key Risks
The National Stock Exchange of India is planning to sell shares to the public through an IPO.
It has many investors, companies, and trading members using its platform.
As of June 30, 2026, it had 26.14 crore registered investor accounts.
It also had 3,005 listed entities and a market value of ₹474.08 lakh crore.
NSE handled most of India’s cash-market and equity-futures activity in FY26.
Its revenue was ₹16,601.31 crore, although revenue and operating earnings fell from the previous year.
The IPO will sell existing shares, so NSE itself will not receive money from the offering.
Analysts also identified regulation, higher taxes on securities transactions, and changing trading volumes as risks.
NSE had 26.14 crore registered accounts and 13.24 crore unique investors as of June 30, 2026.
The exchange had 3,005 listed entities, 1,328 trading members and ₹474.08 lakh crore in market capitalisation.
NSE held 92.99% of India’s cash-market share and 99.79% of equity-futures activity in FY26.
NSE reported ₹16,601.31 crore in FY26 operating revenue, down 3.15% year-on-year.
The ₹22,561.57 crore IPO is a pure Offer for Sale, with subscription scheduled for September 17–21, 2026.
- Who
- The National Stock Exchange of India, its investors, listed entities and trading members.
- What
- NSE is preparing a ₹22,561.57 crore IPO through a pure Offer for Sale of up to 12.64 crore shares.
- Where
- India’s capital markets, through the National Stock Exchange.
- When
- The IPO is scheduled for subscription from September 17 to September 21, 2026, with listing planned for September 24, 2026; the operating figures are as of June 30, 2026 or FY26.
- Why
- The IPO is being offered to public investors, while the article highlights NSE’s scale, market dominance, revenue profile and associated risks.
Key facts
- Registered investor accounts
- 26.14 crore as of June 30, 2026
- Unique investors
- 13.24 crore as of June 30, 2026
- Listed entities
- 3,005
- Market capitalisation
- ₹474.08 lakh crore
- FY26 operating revenue
- ₹16,601.31 crore, down 3.15% year-on-year
- IPO size
- ₹22,561.57 crore
- IPO price band
- ₹1,700–₹1,785 per share









