2 weeks ago
NSE Wins SEBI Approval for Potential ₹30,000 Crore IPO
The National Stock Exchange, or NSE, wants to become a company whose shares can be bought by the public.
SEBI has approved the exchange’s plans to move forward with this IPO.
NSE’s chief executive announced the approval at a finance conference in 2026.
The IPO could be worth more than ₹30,000 crore.
That would make it one of India’s biggest IPOs.
Existing NSE owners, rather than NSE itself, would sell the shares.
The planned sale could include nearly 6% of NSE’s shares.
NSE may list its shares on the BSE by September 2026, but the date and size could change.
The National Stock Exchange has received SEBI approval to proceed with its long-awaited IPO.
NSE CEO Ashish Chauhan confirmed the approval at FICCI’s Annual Capital Markets Conference 2026.
The offering could exceed ₹30,000 crore and potentially surpass Hyundai Motor India’s 2024 IPO.
The IPO is planned as an offer for sale of up to 14.89 crore shares, nearly 6% of NSE’s paid-up equity.
NSE had reportedly targeted a BSE listing by September 2026, but timing, valuation and size remain subject to market conditions.
- Who
- The National Stock Exchange, SEBI and NSE CEO Ashish Chauhan are central to the development.
- What
- SEBI has approved NSE’s plans to proceed with an IPO that could exceed ₹30,000 crore.
- Where
- The proposed shares could be listed on the BSE in India.
- When
- Ashish Chauhan confirmed the approval at a 2026 conference; NSE submitted its draft papers on June 17 and had reportedly targeted a September 2026 listing.
- Why
- The IPO would enable existing NSE shareholders to sell shares to public investors through an offer for sale.
Key facts
- Potential issue size
- More than ₹30,000 crore, according to street estimates
- Potential valuation
- Up to ₹5.26 lakh crore, or $55 billion, according to reports
- Shares offered
- Up to 14.89 crore existing equity shares
- Percentage of equity
- Nearly 6% of NSE’s paid-up equity capital
- Issue structure
- Entirely an offer for sale by existing shareholders
- Possible listing
- BSE, with a reported target of September 2026
- IPO managers
- A consortium of 20 investment banks
Sources
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